LETTER OF INSTRUCTION NO. 834

: The main purpose is to adjust the price ceiling of cement to P20.00 per 40 kilo bag, ex-factory, to address the increased costs of production and encourage continued supply of cement.
: The new price ceiling for cement is P20.00 per 40 kilo bag, ex-factory.
: Factors include increases in the cost of production, oil price hikes, water and power rate adjustments, and minimum wage increases.
: The NEDA Board and the Cabinet approved the adjustment.
: Ex-factory means the price is set at the factory gate, excluding additional costs like transportation, taxes, or retail markup.
: Recommendations came from the Ministry of Industry (MI), Philippine Cement Industry Authority (PCIA), Price Stabilization Council (PSC), and a private firm named Sycip Gorres and Velayo.
: The Price Stabilization Council is addressed to enforce or monitor the directive.
: No, the Letter of Instruction No. 834 does not mention penalties for non-compliance.
: It is intended to encourage the production of cement by allowing a higher price ceiling reflecting increased production costs.
: It was signed on March 23, 1979, in the City of Manila.