Price Freeze Ordered in Mindoro, Palawan after Calamity Declarations

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The Department of Trade and Industry (DTI) has imposed a 60-day price freeze on basic commodities in parts of Mindoro island and Palawan provinces following declarations of a state of calamity in Mimaropa region.

The freeze covers nine essential items including canned fish, processed milk, coffee, and bread in Palawan province, Paluan municipality in Occidental Mindoro, and eight municipalities in Oriental Mindoro, the DTI said in a statement on Tuesday.

The measure, implemented under the Price Act or RA 7581 as amended by RA 10623, will protect consumers from potential price spikes during the calamity period.

Prices will be frozen at their current levels for up to 60 days.

“DTI MIMAROPA will conduct intensified price and supply monitoring of basic necessities under the Department’s jurisdiction,” a DTI press statement said.

Violators face imprisonment of one to 10 years or fines ranging from P5,000 to P1 million pesos, or both, according to the statement.

The controlled items also include laundry soap, candles, iodized salt, instant noodles, and bottled water.

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Founder’S Profile

Romel “Direk” Ferriol Bernardo

Bernardo Creative Ventures, Inc., the company behind Direk Fuels, Oriental Mindoro’s homegrown gas station chain, and Direk Builders, which rents out heavy equipment, is expanding its portfolio by venturing into online media and content production.

The company’s entry into news media is not surprising, as its founder and CEO, Romel “Direk” Bernardo, was a television writer, producer, and director for over 15 years. From 2002 to 2007, he served as a researcher, writer, and producer for GMA-7’s top-rating show Imbestigador before becoming the executive producer for ABS-CBN’s award-winning documentary program, The Correspondents.

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