Filipino government to investigate cement price rises

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Philippines: The National Price Coordinating Council (NPCC) in the Philippines announced on 8 April 2013 that it was concerned about rising prices for cement.

"We will be sending letters to cement producers to ask them why their prices have gone up," said Trade Undersecretary Zenaida C Maglaya in a briefing after a meeting of the NPCC. "We have to ask them the reason because it may be that they consumed more coal, which went up (in price), but there might be another reason." She added that the firms have to send in their reports within the week.

The Trade department also reported that it was investigating Eagle Cement for increasing its prices after it had agreed earlier with the government to sell lower-priced cement. The firm was granted tax perks by the government for its Bulacan cement plant in November 2006.

Last modified on 10 April 2013

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