PGMA lauds price monitoring system of DTI Region IX

March 18, 2010 10:14 pm 

RAMON MAGSAYSAY, Zamboanga del Sur, March 18 — President Gloria Macapagal-Arroyo lauded today the Department of Trade and Industry (DTI) Region IX for its price monitoring system that has been effective in keeping the regional prices of basic goods and commodities stable.

The President visited the Ramon Magsaysay Public Market here this afternoon to check if the prices of basic food items such as canned goods, coffee, sugar, and milk are within the range specified by law.

Upon her arrival here, the President, who was accompanied by DTI Secretary Jesli Lapus and local officials led by Zamboanga del Sur Governor Aurora Cerilles, was briefed by DTI IX Regional Director Nashrulla Manzur on the various programs the DTI is implementing to ensure fair and stable prices.

First, Manzur showed the President the market’s Timbangan ng Bayan, which the buying public can use to ensure that the weight of the commodity they are buying is correct.

Manzur then toured the President through the wet and dry sections of the market where she asked sellers and buyers if the prevailing prices of the goods they buy and sell are fair.

Manzur showed the President a white board displayed in front of the market that contained the current prices of basic goods. It also showed the prices of these basic goods last week and last month to serve as the buyer’s comparative gauge to see if a particular item’s price rose.

For example, a can of evaporated milk cost P32.68 since last month while a 25-gram pack of coffee and a can of sardines retained its month-old prices of P14.87 and P11.30, respectively.

The President expressed amazement at the price of tulingan, a fish staple in many Filipino homes, which cost P100 a kilo here while it costs P120 a kilo in Manila.

“All the prices have dropped!” the President said.

In an interview, Manzur said the standing directive of the President was “just to keep on monitoring prices” to ensure that consumers are getting their money’s worth.

He added the President was “very much pleased” with their price monitoring system, revealing the effectiveness of their system was made possible with the help of the local government.

“We monitor regularly and we coordinate with the local government units because they are the ones who are on the ground to help us out in ensuring that prices will not go up and to help prevent abuses,” Manzur said. (PNA)

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