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The Department of Trade and Industry (DTI), through its Consumer Protection Group (CPG), has planned activities for the month-long celebration of Consumer Welfare Month (CWM). The DTI will carry the theme, Sustainable Consumerism in the Digital Age with the goal of increasing advocacy for sustainability and encouraging a mindful shift in consumption, particularly when it […]
As he renewed his call to institutionalize the needed measures ensuring consumer protection, Senator Win Gatchalian pressed for enhanced redress mechanisms and information security measures of telecommunications companies and banking institutions in the light of recent cyber heists through subscriber identity module (SIM) swap scam. With the holiday season just a few weeks away, Gatchalian […]
The Senate ratified the bicameral conference committee report for the amendments to the Retail Trade Liberalization Act. The bill seeks to lower the capitalization requirement for foreign retailers from $2.5 million to $500,000, or roughly from P125 million to P25 million. This is in order to attract more foreign direct investments into the country, thereby […]
Senator Grace Poe asked the Bangko Sentral ng Pilipinas (BSP) to exert its persuasive powers on banks to provide relief to consumers during the enhanced community quarantine (ECQ). “The BSP has lowered interest rates and provided banks regulatory relief. In the same way, it can encourage banks to provide their clients relief during these difficult […]
“The poor should not be powerless.” This, said Cabinet Secretary Karlo Nograles on Sunday, is the rationale behind the President’s approval of Department of Energy (DOE) recommendations that seek to ease the financial burden of power consumers with little or no income. Nograles had earlier announced that the President had ordered the extension of the […]
The Department of Trade and Industry (DTI)—together with the Department of Agriculture (DA), private sector partners, farmer cooperatives, and the United States Agency for International Development (USAID)—officially launched DELIVER-e alongside a multi-stakeholder commitment pledge signing to upscale agriculture value chain and improve overall food security in the country even beyond the COVID-19 crisis. “This initiative […]
Electricity consumers and providers should expect more inexpensive and more efficient services as over one thousand delegates representing 121 electric cooperatives will meet from April 27 to 28 for the first National Summit of Electric Consumers in Davao City and the 2017 National Electrification Administration (NEA)-Electric Cooperatives (EC) Consultative Conference and Lumens Awards Ceremonies. […]