Beng convenes price council PDF Print E-mail
Friday, 22 January 2016 12:00

Mayor Beng Climaco on Tuesday convened the Local Price Coordinating Council (LPCC) to ensure the availability of basic necessities and prime commodities at reasonable prices.

Created pursuant to the provisions of the Price Act, the LPCC is composed of the Department of Trade and Industry (DTI), Department of Agriculture (DA), Bureau of Fisheries and Aquatic Resources (BFAR), Department of Environment and Natural Resources (DENR) and Department of Health (DOH).

DTI Provincial Director Rolando Acuna, LPCC Vice-Chair during the meeting said the 4 key agencies are responsible in monitoring the availability of supply and stable prices of the basic and prime commodities.

The DA covers the agricultural products including livestock, the BFAR covers the marine and aquatic commodities, the DENR handles the forest products, the DOH monitors the foods and drugs prices while the DTI covers almost all commodities including the construction and electrical materials.

Each agency presented its updated price status covering its individual area of responsibility with monitoring done in Zamboanga City establishments. Four big wet markets were monitored by the BFAR, namely Sta. Cruz Market, the Public Market, Aderes Wet Market and KCC Wet market.

The Council is tasked to monitor basic and prime commodities and to report the same to the chairperson who will endorse the same to the national level. The monitoring activity focuses not only on prices but the quality and supply of the products as well.

The meeting tackled the urgent need to drum up awareness on correct prices of different merchandises. Violations of the Price Act or Republic Act 7581 would result to sanctions ranging from temporary closure to revocation or cancellation of permit. Illegal price manipulation commands stiffer penalties of imprisonment and fine.

Other matters discussed during the meeting included the concern of the Zamboanga Chamber of Commerce and Industry Foundation, Inc. regarding commodity prices in newly opened malls in the city. It was agreed that a study be made as to the positive and negative impacts, looking into the perspective of both consumers and the business sector.

Aside from the original members, the meeting was also attended by  representatives from the Philippine Statistics Authority, National Economic Development Authority and local government unit duly represented by the Investment Promotion Services which acts as Secretariat. (Investment Promotions Office)