DTI to intensify price monitoring amid anticipated La Nina

The Department of Trade and Industry (DTI) is stepping up its price monitoring efforts in anticipation of the La Niña weather phenomenon.

- LOUELLA DESIDERIO

In a statement, Trade Secretary Alfredo Pascual said the agency is intensifying its efforts "to ensure even more effective oversight, particularly as we brace for the impacts of La Niña." Pascual said an automatic price control would be in effect in areas that would be declared under a state of calamity due to La Niña, which brings unusually heavy rains.

"The DTI is steadfast in enforcing these regulations and any individuals caught engaging in illegal price manipulation will be prosecuted to the fullest extent of the law," he said.