The Department of Trade and Industry said it will not extend the zero duty on cement since its price has not gone down since its implementation.
According to Trade Secretary Peter Favila, locally made cement remains expensive as manufacturers were not “challenged” by the possible entry of imported ones.
“I don’t see [cement] prices going down,” Favila said.
Trade Undersecretary Zenaida Maglaya told reporters last week that cement prices stand at about P205 per 50-kilogram bag.
The Board of Investments earlier said a study it conducted showed that cement should be priced at P185 a bag.
Favila said the Trade department is amenable if the House of Representatives would again conduct an inquiry on cement prices.
In November last year, President Gloria Arroyo signed Executive Order 766, which cuts import duties on cement, and Executive Order 765, which slashes import duties on wheat. These tariff adjustments are effective for six months. Favila earlier said these tariff cuts were “part of government’s intervention to ensure prices are at affordable levels.”
Earlier, the Trade department said may extend the imposition of zero tariff on wheat imports for another six months. It may also slash the duty on flour to bring it down to 3 percent to zero, in bid to further pull down bread prices. — Ben Arnold O. de Vera, Manila Times
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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