January 19, 2018: *** The local economy of Tagbilaran City was infused with almost P5-B in 2017. New business went up from 602 to 1,017 which amounts to an almost P1.2-B worth of capitalization or a 160% increase from last year, while business renewals also went up from 4231 to 4693 which posted gross receipts amounting to almost P3.4-B or a 21% from 2016. ***Gov. Edgar Chatto turns over today the P1.9-M first tranche of the P9.8-M assistance to the Bohol Dairy Producers Association for the Bohol Dairy Milk Processing and Marketing Enterprise as Bohol is poised to be the Dairy Capital of the country.

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Friday, March 04, 2011

Amid possible trade abuses…
DTI enjoins LGUs, LPMC
In protecting consumers

CITING consumer protection against unscrupulous traders and retailers, the Department of Trade and Industry urges local government intervention in making sure trade malpractice does not happen in their localities.

In a letter sent to local government units, Trade Secretary Gregory L. Domingo calls local government units increased visibility and intensified monitoring of prices.

This is in the light of increasing prices of basic necessities and prime commodities which may be caused by increases in prices of imported raw materials.  

The recent crisis in Western Africa and on several countries in the Middle East has also pushed several economies on a bind that the repercussions are felt even on oil consuming countries, including the Philippines.

Domingo then asks the Local Price Monitoring Councils (LPMC), which are tasked to monitor price irregular fluctuations and trade malpractice to conduct regular updating of price billboards installed in wet markets, or installation of such when there is none.

These price billboards give consumers price data at a glance and this facilitates more informed decisions as well as stops price manipulation by individual businessmen with interests, explained authorities at the local trade office.

Aside from price billboards, the DTI asks the LPCC, with the coordination of the LGU to set up Timbangan ng Bayan so consumers can compare the weights and measures used by individual businesses in the wetmarket.

The DTI Secretary, who is also the Chair for the National Price Coordinating Council also asks for regular inspection of weighing scales as well as price tags in al retail outlets including wet markets.  

According to Joe Hibaya, local DTI consumer protection division chief, fair trade laws demand that retailers put up visible price tags on every piece of goods, tags that show no erasures.

He even went on to say that the price tag law rules that upon payment, the consumers must insist the price tag value as it prevails when there is a discrepancy over price scanners and price tags.

At the recent Kapihan sa PIA which tackled on Fair Trade Laws in the real threat of unwarranted price increases in basic goods, Hibaya added that most major stores department stores and supermarkets have set up Consumer Welfare Desks to attend to consumer complaints.

Moreover, Domingo, in his letter sent to local government unit heads enjoined on continued joining of forces in keeping the commitment of protecting the welfare of consumers against any form of trade abuse. (racPIABohol)

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