Supermarket group to support 2-month price hike moratorium

MANILA, Philippines: The Philippine Amalgamated Supermarket Association assured that its members nationwide will not implement price adjustments on goods sold by food manufacturers that committed to hold back increases for the next two months.In an interview on Saturday, PAGASA President Steven Cua said although retailers have other costs apart from acquiring goods, their members will respect the self-imposed price freeze on select basic commodities.

A March 25 directive of the Department of Trade and Industry increasing the purchase cap for senior citizens and persons with disabilities to P2,500 per week from P1,600 negatively affects retailers' margins, Cua said.However, the thinner margins on certain items are being offset by slightly lower fuel and electricity costs, coupled with an overall atmosphere of price stability in the country, he added.

Group To Support 2-Month Price Hike Moratorium

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

View from Manila: Why isn’t China confirming the next South China Sea meeting with Philippines?In President Marcos' home province, Ilocos Norte, PH and US troops play out an invasion scenario and sink a China-made oil tanker for Balikatan 2024
Source: rapplerdotcom - 🏆 4. / 86 Read more »

Easterlies to bring isolated rains over Metro Manila, rest of PhilippinesMetro Manila and the rest of the country could experience partly cloudy to cloudy skies with isolated rain showers or thunderstorms on Sunday, according to PAGASA.
Source: PhilstarNews - 🏆 1. / 94 Read more »

Celebrate mothers at Sheraton Manila Hotel and Marriott Hotel ManilaAS Mother's Month unfolds, Sheraton Manila Hotel and Marriott Hotel Manila extend heartfelt invitations to honor the remarkable women in everyone's lives with special offerings celebrating mother's love and legacy.
Source: TheManilaTimes - 🏆 2. / 92 Read more »

Crowne Plaza Manila Galleria and Holiday Inn Manila Galleria unveil renovated rooms and enhanced guest experienceManila, Philippines – The Crowne Plaza Manila Galleria and Holiday Inn Manila Galleria, two of the most iconic hotels in Ortigas, are thrilled to showcase its room renovations, promising an unmatched experience for discerning business travelers, leisure seekers, and families and friends alike.
Source: BusinessMirror - 🏆 19. / 59 Read more »

Crowne Plaza Manila Galleria and Holiday Inn Manila Galleria unveil renovated rooms, enhanced guest experienceDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

Filipino designers to bring back Manila's fashion glory days at 'Rampa Manila 2024'“Rampa Manila” is poised for its sophomore outing in June after the resounding success of its inaugural edition in 2023.
Source: PhilstarNews - 🏆 1. / 94 Read more »