The Department of Trade and Industry (DTI) found 85 products costing above the suggested retail price (SRP) range nationwide but the excess was only “by a few centavos.”
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Starting next week, the Department of Agriculture (DA) will impose a suggested retail price (SRP) on basic agricultural goods “to avoid an abnormal movement of prices in the market,” Agriculture Secretary Emmanuel Piñol said.
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A ranking House leader and the chief of the National Anti-Poverty Commission said more Filipino families were in danger of falling below the poverty line due to the steep rise in the cost of living as they called on President Duterte to either suspend or scrap the controversial Tax Reform for Acceleration and Inclusion (TRAIN) Act.
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Employers on Friday said the possibility of workers getting laid off was not an empty threat but an expected consequence should a national minimum wage of up to P750 be imposed as a means to help cushion the impact of the Duterte administration’s tax reform program.
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