DTI 7 Ensures Price Stability and Sufficient Supply in Cebu and Bohol
The Department of Trade and Industry in Central Visayas (DTI 7) has issued a firm assurance to consumers that prices of basic necessities and prime commodities (BNPCs) in Cebu and Bohol remain stable, with ample supply available across major retail outlets. This announcement comes despite recent geopolitical developments in the Middle East that could potentially disrupt global markets.
Price Monitoring and Market Conditions
In an advisory released on Friday, March 6, 2026, DTI 7 detailed that its latest price monitoring activities, conducted through provincial offices, reveal supermarkets, grocery stores, and other retail establishments are maintaining adequate stock levels and stable market conditions. The agency emphasized that retailers are largely complying with the government's suggested retail prices (SRP) for covered commodities, which helps keep essential goods affordable and accessible to all consumers.
DTI 7 strongly advised the public to avoid panic buying and instead practice responsible purchasing habits. The department highlighted that supply chains and distribution channels are fully operational and capable of meeting current consumer demand without interruption.
Ongoing Surveillance and Consumer Protection
To uphold fair trade practices, DTI 7 continues to closely monitor market developments and coordinate with retailers, distributors, and local government units. This collaborative effort aims to ensure the steady availability of essential goods throughout the region. Consumers who encounter unreasonable price increases, hoarding, or other unfair trade practices are encouraged to report such incidents to their nearest DTI provincial office for prompt action.
Launch of the P2 Billion OFW Negosyo Fund
In a related development, DTI announced the allocation of P2 billion through the DTI-Small Business Corp. (DTI-SBCorp) to establish the OFW Negosyo Fund. This initiative is designed to assist overseas Filipino workers (OFWs) in starting businesses and reintegrating into the local economy, particularly those affected by sudden job disruptions abroad, including those linked to ongoing geopolitical tensions in the Middle East.
Trade Secretary Cristina Roque explained that the program addresses a key barrier for returning OFWs: access to capital. "Through DTI-SBCorp, we are providing OFWs the resources they need to build businesses, create jobs, and secure their families' future," Roque stated. The loan facility will become accessible to OFWs starting March 12, 2026.
Program Details and Application Process
Under the OFW Negosyo Fund, eligible borrowers can apply for loans ranging from P30,000 to P20 million. Key features include:
- A one-year grace period on both principal and interest payments.
- Repayment terms extending up to five years.
- Loans of up to P5 million that do not require collateral.
Applications can be submitted through the DTI-SBCorp Money App, available on Google Play and Huawei AppGallery, or via web platforms at app.sbcorp.ph and sbcorp.gov.ph. This digital approach aims to streamline access and support OFWs in their entrepreneurial endeavors.
