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.

Search This Blog

Friday, August 05, 2011

Coins scarcity no excuse For “candies as change”

TAGBILARAN CITY, Bohol, Aug 5, (PIA) –Candies for a change, anyone?

Coins may be admittedly getting scarcely circulated, but that is no reason for department stores to give candies instead of coins for a change, says Department of Trade and Industry (DTI) information Officer Lucille Autentico.

Consumer Act of the Philippines or Republic Act 7394 was enacted to protect the interests of the  consumer,  promote  his general,  welfare  and to  establish  standards  of conduct for business and industry. The same law protects the rights of consumers and to plugs abusive practices of business establishments in the country.

According to DTI, they have been warning department stores and other business establishments for not giving exact change, or worse, giving candies instead.

This is despite the fact that, Bangko Sentral ng Pilipinas (BSP) Central Visayas Regional Director Ma. Lux Berciles has admitted that the problem of lack of coins in circulation seems to be widespread.

“The problem of loose change getting scarce from stores and business establishments is not just a common problem in Bohol,” Berciles said.

In fact she added that the government has been campaigning to re-circulate these coins that may have been tucked somewhere in wallets, drawers or piggy banks.

One such campaign focuses on schools that could get computer units as incentive for depositing coins back to the banks, according to Berciles.

But, that does not spare the businessmen from the responsibility to give nothing else but the exact change in the same manner that consumers must demand the exact change when they buy, DTI said.

Senate Bill 1329 which seeks to put up a policy on exact change said the practice of  giving insufficient change or giving  no change at all to consumers by product  sellers  or  service  providers  is  something  that  is  often  taken  for  granted, author Manuel Villlar stated. 

This is usually because the change involves only a matter of five, ten, fifteen or twenty centavos, or small bills, which, when added up at the end of the day, amounts to thousands of pesos.

The  failure  to  give  the  change  or the  exact  change  constitutes  a trade  malpractice  that must be stopped, Villar pressed.   

In Bohol, DTI admits having warned several department stores over violations of the Consumer Act, especially on giving candies instead of coins for change.

Bohol Chamber of Commerce and Industry president Marietta Gasatan has asked the BSP to help solve the problem by elucidating on the matter in as much as businessmen and DTI have been at odd ends over this. (Rey Anthony Chiu)

No comments:

Contact Us

Philippine Information Agency
Bohol Information Center
LMP Building, K of C Drive, Poblacion II, Tagbilaran City
Telephone Numbers (038) 412-2292, 501-8554