Marikina allowed to freeze consumer prices
Presidential Spokesperson Harry Roque on Friday said a price freeze was imposed in Marikina and several provinces devastated by the onslaught of Typhoon Ulysses, according to a report by Philippine News Agency.
In a press briefing, he initially named Batangas, Cavite, Catanduanes, Mindoro, Palawan, and the Camarines provinces as the areas covered in the declaration.
Later on, he added that Marikina City is also included in the Department of Trade and Industry list.
"'Yong price freeze declaration po na kabahagi ng state of calamity ay kasama po ang Marikina diyan (The price freeze declaration for areas under state calamity also includes Marikina)," he said.
The Price Act of 1992 states that prices of basic necessities in disaster areas or those under a state of calamity "shall automatically be frozen at their prevailing prices or placed under automatic price control".
With the declaration, Roque said the prices of basic commodities in the city and provinces mentioned would be "frozen" for 60 days.
Typhoon Ulysses made landfall in Quezon province on Wednesday night, bringing torrential rains and ferocious winds in several areas including the National Capital Region.
By Thursday morning, reports of heavy flooding and calls for rescue, mostly from Marikina and Rizal province flooded social media as the typhoon swept through Luzon.
Roque reported that the Philippine National Police has so far rescued 107,535 people, including 3,811 in Metro Manila as of 3 a.m. Friday.
The typhoon has so far affected 170,561 persons in 811 barangays in Cagayan Valley, Bicol, Calabarzon, Mimaropa, Cordillera Administrative Region, and Metro Manila.
Meanwhile, some 74,721 individuals are currently served inside evacuation centers.
Magat Dam in Northern Luzon's Isabela province is unlikely to stop releasing excess water soon, according to a report by Philippine News Agency. The expected rain from a low-pressure area (LPA) east of Northern Luzon may cause Magat Dam to keep ...
A House panel has approved a bill seeking the stockpiling of medicines for public health emergencies like the current coronavirus pandemic, according to a report by Philippine Star. The committee on health chaired by Quezon Rep. Helen Tan has approv...
The House of Representatives on Wednesday approved on second reading a bill raising the age of statutory rape from the current 12 years old to 16 years old to protect young people from sexual exploitation and abuse, according to a report by Philippin...
Do you want to learn more about the challenges and predictions for the gambling industry in the Philippines? Find all answers in this article!