Philippines: Ramon Lopez, the head of the Department of Trade and Industry (DTI), says that there is no need to impose a price cap on cement yet. However, he said that the government might intervene if the price of cement reached around US$4.6/bag, according to the Philippine Star newspaper. The DTI applied a US$4/t tariff on imported cement in mid-January 2019 for a period of 200 days in response to a surge in imports.
Philippines government says no need for cement price cap yet
© 2020 Pro Global Media Ltd. All rights reserved.