Articles
Article 1 (Amended By Law 5/2013) (Amended By Law 14/2001) Amended under Law 5 of 2013) 1. The Ministry of Business and Trade is the sole competent authority (the competent department at the Ministry) to fix prices, to set profit limits, and to monitor the same as indicated by the provisions of this Law. 2. The Minister of Business and Trade may, by its own decision, set the limit for the following: a. Prices of goods manufactured locally or imported from abroad. b. The amount of the permissible profit limit for owners of factories, importers and retailers with respect to any commodity manufactured locally or imported from abroad, where the Ministry deems such net profit exceeds the ordinary limit. c. Prices of meals, food and beverages in cafes, restaurants, hotels, buffets and other public shops that sell meals, food and beverages. d. Rates of rooms in hotels and similar places intended to accommodate the public. e. Rates and prices of businesses and services provided by craftsmen and the like. Article 2 (Amended By Law 5/2013) (Amended By Law 14/2001)
Article 1 (Amended By Law 5/2013) (Amended By Law 14/2001)
Amended under Law 5 of 2013)