Connect with us

Hi, what are you looking for?


Fair trade complaints down 10% in 2022

THE Department of Trade and Industry (DTI) said fair trade complaints declined 10% in 2022 to 27,947 cases due to the deterrent effect of more frequent inspections.

In a statement on Tuesday, the DTI said its Fair Trade Enforcement Bureau (FTEB) “processed 5,687 cases deemed to be under its jurisdiction, of which 5,070 were resolved.”

The FTEB also issued 40,855 licenses, permits, authorities, and accreditations last year.  

The FTEB inspected 750 supermarkets and groceries in Metro Manila last year to gauge the supply of basic necessities and prime commodities as well as the compliance of establishments with the suggested retail price bulletin.

“The FTEB also tightened market surveillance to ensure compliance with the Consumer Act of the Philippines (Republic Act [RA] No. 7394), the Price Act (RA No. 7581 as amended by RA No. 10623), and the Law on Products Standards (RA No. 4109),” the DTI said.  

Meanwhile, FTEB monitoring and enforcement teams also inspected 19,680 establishments last year, resulting in the confiscation of P68.54 million worth of uncertified products, up 839%. — Revin Mikhael D. Ochave

Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

You May Also Like

World News

Toronto’s school board has become the first in Canada to recognize that caste discrimination exists in the city’s schools and has asked a provincial...


A PROPOSAL to reduce tariffs to zero for imports of natural gypsum will stimulate domestic production of gypsum board, a construction material used in...


Tomorrow is Ash Wednesday. For Catholics around the world, it is the beginning of Lent, a period for reflection and contemplation. Speaking of reflection,...


THE Bureau of Internal Revenue (BIR) is studying the establishment of an international tax division specializing in deterring transfer pricing abuses. “We are trying...

Dislaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2023 All Rights Reserved. Spirit