The Department of Trade and Industry (DTI) Region 12 has issued Notice of Violation (NOV) to 23 unaccredited service and repair enterprises (SREs) on intensified efforts to protect consumers from unscrupulous businesses. According to DTI Region 12 statement, the office conducted a two-day operation...
The government should now focus on addressing supply constraints that caused high inflation, as President Marcos’ chief economic manager pointed out that monetary policy has already done enough to reign in demand. Finance Secretary Benjamin E. Diokno said that slower inflation recorded in March...
The pace of consumer price increases slowed for the second consecutive month in March, an encouraging sign in the government’s effort to tame the most pressing issue hounding the Marcos administration. Data from the Philippine Statistics Authority (PSA) released Wednesday, April 5, showed that the...
Moody’s Analytics sees no respite yet for Filipino consumers reeling from skyrocketing prices in recent months as demand for goods and services continued to outpace supply in the domestic market. In a research note on Monday, Feb. 20, Moody’s Analytics said high inflation will be sticking...
Increase in consumer prices further accelerated in January, defying all expectations that it had peaked last December, as food prices remained elevated coupled with costlier utilities and housing rentals, the Philippine Statistics (PSA) reported. Headline inflation accelerated further to 8.7...
The Securities and Exchange Commission (SEC) has drafted, for public comment, the Implementing Rules and Regulations (IRR) of Republic Act No. 11765, or the Financial Products and Services Consumer Protection Act (FCPA) which also covers digital products and cryptocurrencies. In a statement, the...
Majority (80%) of Filipinos expect their income to increase this year despite a higher number of individuals convinced that the domestic economy would go into recession. Global information and insights company and the Philippines’ first comprehensive private credit reference agency, TransUnion...
Consumer prices quickened even further in December, driven mainly by faster increases in food prices particularly vegetables during the holidays that brought the country’s full-year inflation rate way beyond the government’s target, data from the Philippine Statistics Authority (PSA) showed. In...
The Department of Finance (DOF) said the government can now better manage the skyrocketing consumer prices following President Marcos’ order extending the reduced import duties on key commodities. In a statement, Finance Secretary Benjamin E. Diokno welcomed the extension of the low Most Favoured...
The Department of Trade and Industry (DTI), through its Fair Trade Enforcement Bureau (FTEB), reported the value of confiscated uncertified items it seized in the National Capital Region has reached P67,999,927 as it heightened monitoring and inspection of products to ensure consumer protection as...
Be upfront and transparent with the prices of your products. (John Schnobrich/ Unsplash) This was House Minority Leader and 4Ps Party-list Rep. Marcelino Libanan's warning to online retailers Wednesday, Dec. 21, amid Filipinos' last-minute Christmas shopping. “Online retailers who do not put...
Consumer Care Products Inc. (CCPI), the privately-owned marketing arm of Jadel Holdings, and sister company of D&L Industries Inc. are planning to grow their personal care business by tapping the upscale market which has a growing preference for healthy and all-natural products. In an...
