Filipino businessmen make Christmas non-profiteering vow

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Filipino businessmen make Christmas non-profiteering vow
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Herald Malaysia - daily news source with Malaysian and Global coverage of the Catholic Churches. Catholic News,World Christian News, Malaysia Church News

Catholic devotees attend a Christmas Eve Mass maintaining social distancing to prevent the spread of the coronavirus outside Quiapo Church in Manila on Dec. 24, 2020. A group of Catholic businessmen in the Philippines have forged an agreement to implement a cap on the prices of goods and commodities during the Christmas holiday season.

People in the Catholic-majority nation are expected to begin partying from the beginning of December, which tempts businessmen to raise the prices of commodities due to high demand. “The purpose of putting a price cap on goods and commodities is, in fact, a gentle reminder to each member of the association that although we are in business for profit, we still have a moral obligation to our fellow men,” said the association’s president Larry Valdez.

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