635 arrested for hoarding, profiteering, price manipulation amid virus crisis - News Summed Up

635 arrested for hoarding, profiteering, price manipulation amid virus crisis


Duterte said in his report that the Department of Trade and Industry (DTI) has conducted 2,415 price monitoring activities from April 2 to 9, 2020. Ninety-eight percent of the 12,602 monitored entities were found to be compliant, the report noted. Of the number of operations, 107 are joint operations of the DTI with the Philippine National Police-Crime Investigation and Detection Group (PNP-CIDG) and the National Bureau of Investigation (NBI). The DTI, meanwhile, has included personal protective equipment and other medical-related products in the price monitoring of basic needs and prime commodities “(d)ue to the surge in demand,” the report read. “Around 528 firms have been monitored to ensure that they are following the pertinent provisions of fair trade laws,” Duterte added.


Source: Philippine Daily Inquirer April 14, 2020 02:37 UTC



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