EXECUTIVE ORDER NO. 414 July 19, 1990
DIRECTING EMERGENCY MEASURES TO PREVENT EXCESSIVE INCREASES IN PRICES OF PRIME AND ESSENTIAL COMMODITIES AND TO PROTECT THE PEOPLE FROM HOARDING, PROFITEERING, INJURIOUS SPECULATIONS, MANIPULATION OF PRICES, AND OTHER PERNICIOUS PRACTICES IN AREAS SEVERELY STRICKEN BY THE RECENT EARTHQUAKE
WHEREAS, to prevent unreasonable increases in the prices of prime and essential commodities and artificial shortages thereof in the areas severely stricken by the recent earthquake, and to protect the people from hoarding, profiteering, injurious speculations, manipulation of prices and other commodities calculated to take advantage of the situation, certain emergency measures must be undertaken;
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, by virtue of the powers vested in me by law, do hereby order:
Sec. 1. The Secretary of Trade and Industry is hereby directed to impose price ceilings on prime and essential commodities in the areas severely stricken by the recent earthquake and to take such measures as may be appropriate to ensure the availability of, and to maintain...
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Executive Orders
Directing Emergency Measures To Prevent Excessive Increases in Prices of Prime and Essential Commodities and To Protect the People From Hoarding, Profiteering, Injurious Speculations, Manipulation of Prices, and Other Pernicious Practices in Areas Severely Stricken By the Recent Earthquake
Executive Order No. 414
Summary of Executive Order No. 414
Purpose and Rationale
- To prevent excessive increases in prices of prime and essential commodities in areas severely affected by the recent earthquake.
- To protect the people from hoarding, profiteering, injurious speculations, manipulation of prices, and other pernicious practices. (Preamble)
Price Ceilings on Prime and Essential Commodities (Section 1)
- The Secretary of Trade and Industry is directed to impose price ceilings on prime and essential commodities in the areas severely affected by the earthquake.
- Measures shall be taken to ensure availability and maintain reasonable prices at pre-earthquake levels.
List of Prime and Essential Commodities (Section 2)
- Rice
- Milk
- Sugar
- Chicken
- Pork
- Flour
- Kerosene
- Liquefied Petroleum Gas
- Cooking Oil
- Canned Goods
- Medicines, drugs, and pharmaceuticals
Adjustment of Price Ceilings (Section 3)
- The Secretary of Trade and Industry is authorized to review, adjust or revise the price ceilings of the covered commodities as warranted, subject to the approval of the Office of the President.
Implementation and Enforcement (Section 4)
- The Department of Trade and Industry is directed to implement this Executive Order.
- Penalties under Executive Order No. 913, Series of 1983, shall be imposed.
- Criminal and civil prosecutions under applicable laws shall be instituted.
Mobilization and Deputization (Section 5)
- The Department of Trade and Industry is authorized to mobilize and deputize all government agencies, local governments, Philippine Constabulary/Integrated National Police, and other law enforcement agencies to strictly implement this Executive Order.
Coverage (Section 6)
- The areas covered are those where a state of calamity has been or may hereafter be proclaimed.
Effectivity (Section 7)
- This Executive Order shall take effect immediately upon publication in two (2) national newspapers of general circulation.
- It shall remain in force and effect until otherwise revoked.
Purpose and Rationale
- To prevent excessive increases in prices of prime and essential commodities in areas severely affected by the recent earthquake.
- To protect the people from hoarding, profiteering, injurious speculations, manipulation of prices, and other pernicious practices. (Preamble)
Price Ceilings on Prime and Essential Commodities (Section 1)
- The Secretary of Trade and Industry is directed to impose price ceilings on prime and essential commodities in the areas severely affected by the earthquake.
- Measures shall be taken to ensure availability and maintain reasonable prices at pre-earthquake levels.
List of Prime and Essential Commodities (Section 2)
- Rice
- Milk
- Sugar
- Chicken
- Pork
- Flour
- Kerosene
- Liquefied Petroleum Gas
- Cooking Oil
- Canned Goods
- Medicines, drugs, and pharmaceuticals
Adjustment of Price Ceilings (Section 3)
- The Secretary of Trade and Industry is authorized to review, adjust or revise the price ceilings of the covered commodities as warranted, subject to the approval of the Office of the President.
Implementation and Enforcement (Section 4)
- The Department of Trade and Industry is directed to implement this Executive Order.
- Penalties under Executive Order No. 913, Series of 1983, shall be imposed.
- Criminal and civil prosecutions under applicable laws shall be instituted.
Mobilization and Deputization (Section 5)
- The Department of Trade and Industry is authorized to mobilize and deputize all government agencies, local governments, Philippine Constabulary/Integrated National Police, and other law enforcement agencies to strictly implement this Executive Order.
Coverage (Section 6)
- The areas covered are those where a state of calamity has been or may hereafter be proclaimed.
Effectivity (Section 7)
- This Executive Order shall take effect immediately upon publication in two (2) national newspapers of general circulation.
- It shall remain in force and effect until otherwise revoked.