MANILA - President Rodrigo Duterte on Monday ordered the Department of Trade and Industry to look into reports of profiteering and overpricing in provinces affected by typhoon Odette.
"There seems to be a spike in prices. They say some, not all, are hoarding, and you know, you increase the price by selling more than the usual price, for example, building materials, or food stocks, canned goods," he said in a taped public briefing. "We have to put a stop on this and probably we can go ahead and cap the prices of the goods available, especially medicine," he also said.
"Noong nagdeclare ng state of calamity, nag-umpisa na 'yung ating price cap. So may price control na tayo, ibig sabihin 'yung price freeze natin, kung ano 'yung presyo bago magbagyo, 'yun po dapat ang presyo, hindi gagalaw," he explained.
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