See - https://www.philstar.com/headlines/2000/03/09/95267/economic-sabotage-dead-law
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Economic sabotage a 'dead law'
By Delon Porcalla
March 9, 2000 - 12:00amThe Philippien Star
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Based on a number of statutes, some of which were obtained by The STAR, economic sabotage can emanate from the usual offenses like price manipulation, smuggling, hoarding and profiteering, most especially if the amount involved reaches more than P50 million.
On the other hand, it also includes large-scale illegal recruitment, infringement of internationally known trade names and trademarks, unfair trade practices, dollar-salting, dollar black-marketing and even mere "possession and manufacture" of documents, stickers and plates of the Land Transportation Office (LTO).
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On the other hand, it also includes large-scale illegal recruitment, infringement of internationally known trade names and trademarks, unfair trade practices, dollar-salting, dollar black-marketing and even mere "possession and manufacture" of documents, stickers and plates of the Land Transportation Office (LTO).
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Among the laws which call for the prosecution of those responsible for economic sabotage are Presidential Decree 1730 (LTO), Letter of Instruction 1359 (hoarding and other crimes), PD 1689 (swindling), PD 2018 (illegal recruitment) and Executive Order 913, which gives the DTI "adjudicatory powers" in further protecting consumers.
All of these statutes were issued by the late President Ferdinand Marcos. LOI 1359 and EO 913 were both issued in October 1983, PD 1730 in October 1980, PD 1689 in April 1980 and PD 2018 in January 1986.
The last one, Executive Order 436, was issued by former President Corazon Aquino in November 1990. This was the offshoot of the escalation of prices of basic commodities after typhoon Ruping.
Aquino had authorized the DTI chief to "take measures" to ensure that all prices of basic commodities remain "reasonable," give him the go-signal to "review, adjust or revise the price ceilings on the prime commodities as may be warranted" and even gave the Cabinet member the power to "mobilize and deputize all government agencies and instrumentalities including local governments, and other law enforcement agencies" to enforce the order.
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Read more at https://www.philstar.com/headlines/2000/03/09/95267/economic-sabotage-dead-law#C47JlZSYo2p7d57d.99
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