Government Regulates Basic Goods Prices
Quoting Solomon Times on Line – 25 March 2020
“The Government has regulated the prices of basic essential goods to control the price in the country through the “Price Control (Product Substitute Goods) Order 2020” issued by the Minister for Commerce, Industry, Labour and Immigration.
“The ‘Price Control (Product Substitute Goods) Order 2020’ was gazetted yesterday.
“The order effectively ensures the Price Control Act (Cap 64) is administered effectively and efficiently by placing restrictions on pricing of controlled goods.
“Rice products, Beef, Pork luncheon meat, Steak Onion, Soltuna Products, other fisheries canned products, Chicken and other Poultry products, Flour, Biscuits, Noodles, and Sugar are among products whose prices are being regulated.
“This is necessary to avoid the commercial sector taking advantage of the current situation to increase the price of goods and services in and around the country.”
Copyright @ 2020, Solomon Times on Line.