Taas presyong P0.10-P7.00 sa ilang produkto, inaapela ng ilang manufacturers; DTI, makiki-usap umano na wala munang taas-presyo ngayong taon | 24 Oras - video Dailymotion

GMA Integrated News

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Transcript

00:00 Aside from rice, electricity and oil,

00:02 some products are also expensive

00:05 because of the high price of 7 pesos

00:08 of some manufacturers.

00:10 Along with the DTI's appeal,

00:12 the Congress has decided to increase the cost.

00:16 This is now in the joint effort of

00:18 Tina Pangiliban Perez and Bernadette Reyes.

00:21 Instead of 50 pesos per kilo of rice,

00:27 noodles are only 8 pesos per kilo

00:30 that are being sold by the Luz family.

00:32 It's hard to buy rice,

00:34 so we only buy noodles and sardines.

00:38 But what now?

00:39 Some manufacturers are asking for 10 centavos

00:41 up to 7 pesos more

00:42 for sardines, noodles and coffee,

00:46 as well as salt-canned meat and bottled water.

00:49 About 14 manufacturers

00:52 requested price adjustments.

00:57 Raw materials, the labels, the ingredients,

01:01 that's the reason for asking for higher prices.

01:08 Next week, DTI will ask manufacturers

01:11 to discuss ways to reduce their production costs

01:16 so that the prices of their products don't go up.

01:21 DTI will discuss how to reduce the price

01:24 until the end of the year.

01:25 We're more than willing to talk to them

01:27 and cooperate with them

01:29 and see how we can make our operations more efficient.

01:31 At the end of the day, we don't want to increase.

01:34 To be able to raise the prices,

01:37 Congress has proposed

01:39 legislative wage hikes

01:41 from P150 to P750.

01:44 The Senate approved it in December.

01:48 The Employers Confederation of the Philippines, or ECOP,

01:53 is discussing how to reduce the wage hike

01:56 for small companies that can't pay the wage hike.

01:57 There are only three options.

01:59 They can raise the prices if the market can afford it,

02:04 or they can reduce the number of employees

02:06 so that they can pay the wage hike.

02:08 If those two options are not possible,

02:10 they can close the company.

02:11 It's better if the regional tripartite wage boards

02:15 are the ones to decide on the wage hike.

02:17 According to the Federation of Filipino Chinese Chambers of Commerce and Industry,

02:22 or FFCCCII,

02:25 it is not controlled by the businessmen

02:27 to raise the prices of electricity, water, and oil.

02:30 If the labor cost is raised,

02:32 the first thing that the businessmen will do

02:36 is to look at how we can stop hiring.

02:40 According to the Philippine Chamber of Commerce and Industry,

02:42 the unemployment rate is 5 to 6 percent now,

02:46 while the underemployment rate is 17 to 20 percent.

02:50 One of the solutions to the wage problem,

02:53 according to the FFCCCII,

02:55 is to encourage more people to move to the country.

02:59 If there are more opportunities for people to work,

03:02 the minimum wage will be raised.

03:04 Minimum wage should not be set.

03:06 For GMA Integrated News,

03:09 Tina Panganiban Perez.

03:10 And I am Buenaventure Reyes.

03:12 We learned 24 hours.

03:16 [Filipino TV ad]

03:32 [Music]

Taas presyong P0.10-P7.00 sa ilang produkto, inaapela ng ilang manufacturers; DTI, makiki-usap umano na wala munang taas-presyo ngayong taon | 24 Oras

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