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60-day freeze ordered on Cebu prices after quake
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BusinessWorld Online
THE Department of Trade and Industry (DTI) said it imposed a 60-day price freeze on basic necessities in Cebu following the magnitude 6.9 earthquake on Tuesday.
Cristina A. Roque said the DTI is focused on ensuring the affordability and steady supply of essential goods.
Beyond enforcing the price freeze, our priority is to ensure that prices and supplies are affordable and stable,” she said in a statement on Wednesday.
The price freeze automatically took effect after the declaration of a state of calamity in the province.
In a separate statement, the Department of Tourism (DoT) advised tourists to verify the state of their destinations before traveling.