DTI prepared to support businesses affected by severe tropical storm Kristine | Department of Trade and Industry Philippines

Makati City, Philippines—Department of Trade and Industry (DTI) is prepared to assist local businesses impacted by Severe Tropical Storm Kristine through joint efforts with the private sector and various stakeholders.

In line with President Ferdinand R. Marcos Jr.’s directive for all government offices to take a proactive approach in addressing the impacts of Typhoon Kristine, DTI Secretary Cristina A. Roque emphasized the DTI’s commitment to aiding businesses in their recovery and rebuilding efforts.

“We have been actively discussing with our partners in the private sector, including industry associations, to mobilize resources and provide immediate assistance to affected businesses,” said Secretary Roque.

The DTI chief also highlighted that the Department is working closely with all concerned agencies and organizations to ensure that local businesses will be able to recover from the effects of the severe tropical storm.

“Through these partnerships, we can efficiently deploy resources such as financial assistance, business advisory services, and market access to help businesses navigate the challenges brought by the storm,” the trade chief stated.
“Our top priority is to facilitate the rapid recovery of businesses, as they are essential to supporting the livelihoods of countless Filipinos,” she added.

In addition to these measures, the DTI has implemented a price freeze on basic necessities in areas under a state of calamity declaration.

“A price freeze on essential goods is automatically in effect for all areas under a state of calamity. Consumers can stay informed about price freeze bulletins by following DTI Philippines on social media,” said the trade chief.

The DTI encourages affected businesses to reach out to their nearest Negosyo Centers or DTI regional offices for information on available assistance programs. ♦

Date of release: 24 October 2024