Beng reconstitutes Local Price Monitoring Council PDF Print E-mail
Wednesday, 02 July 2014 13:58

Mayor Beng Climaco has issued an executive order reconstituting the Local Price Monitoring Council aimed to protect consumers against hoarding, profiteering and cartels of prime commodities and basic necessities.

Issued last June 25, Executive Order No. BC 61-2014 is pursuant to the provisions of Republic Act 7581, otherwise known as the “Price Act” which declares that it is the state policy to ensure the availability of basic necessities and prime commodities at reasonable prices at all times without denying legitimate business a fair return of investment.

Climaco stressed in the executive order that there is a need to protect consumers against hoarding, profiteering and cartels of said goods, especially during hte occurrence of calamity, emergency and widespread illegal manipulation and similar situations.

The need to reconstitute the LPMC is apparent  in view of the changes of the composition of members, to properly address concerns that necessitated the creation of the said council.

Based on the EO, Mayor Climaco sits as the chairperson with the Provincial Director  of the Department of Trade and Industry (DTI) as vice chairperson.

The members are the Regional Directors of the Department of Agriculture (DA), Department of Health (DOH), Department of Environment and Natural Resources (DENR) the Land Transportation and Franchising and Regulatory Board (LTFRB)and the National Economic Development Authority (NEDA), the City Prosecutor and representatives from the Consumer’s sector, Agricultural Producers’ sector, manufacturing sector, retail sector and trading sector. — Sheila Covarrubias