The Order aims to ensure availability, fair pricing, and consumer protection against hoarding, profiteering, and cartels, especially during emergencies. It creates the Bantay Presyo Technical Committee (BPTC) to recommend price stabilization measures like suggested retail prices (SRPs) or ceilings, and establishes Central and Regional Bantay Presyo Monitoring Teams to track prices and supplies across the supply chain, identify irregularities, and prepare reports with comparative analyses for evaluation and action. The Order outlines procedures for issuing and enforcing SRPs, with violations constituting prima facie evidence of profiteering unless involving seasonal products. It details administrative proceedings for Price Act violations, including complaint filing, adjudication by designated officers. The text consists of 34 Articles attached with Rule VI on Administrative Penalties and Rule VII on General Provisions.
Филиппины · 2015-05-13