The suspension of pass-through fees will not only bring down logistics costs but also ensure faster delivery of products, according to the Department of Trade and Industry.

A majority of chief executive officers expect their companies’ revenues to be higher than pre-pandemic levels, a survey of the Management Association of the Philippines and PwC Philippines showed.

The government is hoping that the imposition of the price ceiling on rice will not go beyond one month as it expects prices of the staple food to stabilize in three weeks, according to an official of the Department of Trade and Industry.