Rebuilding materials eyed as prime commodities

Rebuilding materials eyed as prime commodities

/ 04:45 AM February 26, 2024

PHOTO: Interior of a warehouse with building materials STORY: Rebuilding materials eyed as prime commodities stock images

MANILA, Philippines — Surigao del Norte Rep. Robert Ace Barbers has proposed a measure that would include construction materials in the list of basic necessities and other essential goods subject to price control in times of emergency and calamity.

Barbers filed House Bill No. 9958 to stabilize the prices of basic necessities and prime commodities and prescribe measures against undue price increases during emergencies.


Barbers aims to include among “basic necessities” and “prime commodities” defined in Republic Act No. 10623 selected construction materials, such as galvanized iron sheets, construction nails, steel bars, hollow blocks, plywood, and cement.


READ: Palace OKs zero tariff on key inputs for construction materials production

According to Barbers, if construction materials were considered basic necessities, their prices would be automatically frozen during a state of calamity, thus protecting consumers affected by any fortuitous event.

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TAGS: basic necessities, building materials, prime commodities, Robert Ace Barbers

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