Press Releases
DTI sees minimal effects on cost of basic goods on Train Law

The Department of Trade and Industry (DTI) sees minimal effects on the prices of the basic commodities despite the effectivity of Republic Act 10963 or otherwise known as Tax Reform for Acceleration and Inclusion (TRAIN) Law on 01 January 2018.

During Wage Board-NCR Board Meeting on 14 February 2018, Assistant Director for Consumer Protection Group of DTI Lilian G. Salonga assures the Board that the law would have minimal effect on the prices of basic commodities. She emphasized that among the products that be seriously affected by the Train Law are sugar- and non-sugar-based products such as soft drinks and other beverages with high-fructose content. She urged everyone to be vigilant and prompt DTI about manufacturers and stores taking advantage of abrupt increase of the price of the basic goods due to the said law. END / Kim Lagcao / IMSD-LCO-2018-02 / PRF18-16

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2018-02-20
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