Wednesday, 24 January 2024 |
On 24 January 2024, the DTI held the year's first National Price
Coordinating Council Meeting chaired by Sec. Alfredo Pascual. PAGASA is
invited as an observer since the current Administration (under the
Office of the President) has not formally chosen Members to this
Council. Just the same at this Meeting, Sec. Pascual allowed STC to
state PAGASA's position with regards to DTI's practice of applying an
SRP on BNPCs. He even reveals that a study by the DOJ made in 2015 &
one by the World Bank in 2019 cited that the use of SRP is detrimental
to the growth of economies. Seated beside Sec. Alfredo Pascual is the
very capable DOJ Usec. Geronimo Sy. DTI says it will review the
continuous use of SRP as the Secretary prefers to allow market forces to
flow freely instead of having government intervention/over-regulation
concerning the matter.
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