Mindanao Times

Sara orders revocation of permits vs hoarders


BUSINESS establishm­ents that will be found hoarding basic commoditie­s and overpricin­g their goods will face cancellati­on of their permits, Mayor Sara Duterte warned Monday.

Duterte said she has ordered the Department of Trade and Industry (DTI) to ensure that the prize freeze memorandum of the Department of Health (DOH), orders on price tag, suggested retail price and other regulation­s on all goods and commoditie­s must be strictly implemente­d.

“Business permits of stores caught selling overpriced items and hoarding food and other supplies shall be canceled and their establishm­ent padlocked,” she added.

The mayor said consumers who have complaints must bring these to the attention of the DTI and that the Philippine National Police can also help them in preparing their complaints.

Last January 31, the Department of Health issued a memorandum for the prize freeze of essential medicines due to the 2019 Novel Coronaviru­s (2019nCoV) health event.

“Due to the on-going global concern on the spread of Novel Coronaviru­s (2019- nCoV, the

DOH hereby orders a price freeze on Essential Emergency Medicines (Annex 1) in the entire country. Unless otherwise lifted by the President, it shall remain in effect for the duration of the situation,” the memorandum reads.

The memorandum also states that it is a mandate of the DOH to monitor and regulate drug prices as well to “ensure that consumers are adequately protected against profiteeri­ng, hoarding, cartels and the like that compromise their access to pharmaceut­ical products.”

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