DTI to announce SRP on cement next week

  MANILA, Philippines--Trade and Industry Secretary Ramon Lopez said that a suggested retail price (SRP) on cement might be announced on local cement manufacturers next week. Lopez told reporters earlier this week that the SRP will apply on a per-brand basis, the same way SRPs are assigned for other basic goods and prime commodities. In cement's case, he said this will be based on their prices last December. He also said this will only apply to local cement manufacturers, and not to pure cement importers. "Next week," he said, when asked for a timeline for the SRP. Given the big number of importers, their products are already affordable. SRP is no longer needed fo...

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