Economy
Philippines Announces Price Freeze on Basic Goods Until Year-End
The Philippines' Department of Trade and Industry (DTI) announced that manufacturers have agreed to a price freeze on basic goods until the end of the year. This move aims to alleviate consumer burden despite rising input costs due to elevated oil prices.
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- Philippines: Basic Goods Prices to Remain Stable Until Year-End
The Philippines' Department of Trade and Industry (DTI) announced that prices for select basic necessities and prime commodities will be held steady until year-end, following agreements with major manufacturers. Despite rising fuel and raw material costs, manufacturers have committed to supply stability.