Several business entrepreneurs on Tuesday (July 16) have joined the National Micro, Small and Medium Enterprise (MSME) Summit conducted by the Department of Trade and Industry (DTI)
The summit aims to help small entrepreneurs on their businesses and to be “Smarter Entrepreneurs”.
The latest record of the DTI shows that the country has produced more than 900,000 MSMEs which have provided jobs to up to five million Filipinos.
President Rodrigo Duterte’s common-law wife Cielito “Honeylet” Avanceña graced the event and reminisced the time when she was still a struggling businesswoman.
“I’ve been with a donut company — franchisee of a donut company for almost 22 years. Kahit na ho pakonti-konti ‘yan [Even though it was just small], 22 years (have) provided you of, you know, a decent living. Mabili mo ‘yung gusto ng anak mo. Makapaglagay ka ng pagkain sa lamesa sa pamilya mo [You can buy what your child wants. You can put food on the table for your family],” Avanceña recalled.
“I don’t have to call my husband: ‘OK, can I buy this?’,” she added.
Meanwhile, the DTI hopes that the implementation of Republic Act 11032 or the Ease of Doing Business Act will help boost the small entrepreneurs in the country.
The President signed the law last year with the aim of curbing red tape in the bureaucracy.
Under the law, simple business applications must be processed within three days. A complex business application must be completed in seven days, while applications which are rather technical should only take 20-days processing time.
The law’s Implementing Rules and Regulations (IRR) is expected to be signed in the very near future.
DTI chief, Sec. Ramon Lopez, has also urged the public to report to the anti-red tape authority any government personnel who will violate the said law.
“Assured ‘yung mga kababayan natin na matatakbuhan sila kapag nade-delay ‘yung mga application nila. So, pwede silang mag-complain [Our countrymen are assured that they have someone to go to when there is a delay on their application. They can file a complaint],” said Lopez.
The agency is also mulling over coming up with a “One Step” Business Registration to ease the processing of applications for a license to operate. (with reports from Harlene Delgado) /mbmf
The Department of Trade and Industry (DTI) warned establishments manipulating face mask prices amid high demand due to the high activity in Taal Volcano.
DTI Usec. Ruth Castelo said that if proven guilty of price manipulation, the establishment would have to pay a penalty up to P2 million.
This is aside from a possible suspension or revocation of their business permit.
“Profiteering is an illegal act of price manipulation under the price act, ranging from 5,000 pesos to 2 million pesos. When found to really committed profiteering, we can impose the highest penalty of 2 million,” she said.
There are 12 medical supplies stores out of the 17 inspected establishments in Bambang, Manila that are facing complaints for violating the Price Act.
The complaint is for selling overpriced surgical face masks and N95 masks.
MANILA, Philippines – The Department of Trade and Industry (DTI) on Monday threatened to slap charges against traders who are found to have unreasonably increased their prices of N95 and other face masks amid the rising demand for these items following the eruption of Taal Volcano.
Trade Undersecretary Ruth Castelo issued the warning following reports of some retailers taking advantage of the surge in demand of face masks amid the Taal ash fall that has affected many parts of Metro Manila, Central Luzon and Calabarzon.
In Bambang, Manila, a known destination for medical supplies and equipment, prices of N95 masks and other similar items have shot up amid the rising public demand.
From P25 to P40, a piece of N95 mask now reportedly costs P150 to P300.
Castelo said they have dispatched teams to monitor and observe the movement of retail prices of face masks in the market.
“Those found to have unreasonably increased their prices for gas masks, face masks and other similar items, which act is tantamount to profiteering, shall be dealt with to the fullest extent of the law,” she said.
“DTI will not hesitate to file administrative and criminal charges against unscrupulous business entities and individuals who capitalize on the consumers’ urgent need for their own profit,” she added.
Castelo also said that prices of manufactured basic necessities and prime commodities shall remain unchanged as of the latest DTI Suggested Retail Price Bulletin published last September 31, 2019.
The Department of Trade and Industry (DTI) assures consumers that there will be no price increase on holiday goods until holiday season.
“We give the assurance sa consumers natin na kung ano iyong nasa suggested retail price bulletin na released on October 30, 2019 ito na iyong magiging presyo until after the holidays (We give the assurance to our customers that the prices listed in the suggested retail price bulletin, released on October 30, 2019, will remain until after the holidays),” DTI Consumer Protection Group Usec. Ruth Castelo said.
Earlier on Thursday (December 12), several officials of the DTI monitored prices in several markets in Quezon City. They monitored the prices of several holiday goods including ham, pasta, tomato sauce, fruit cocktail, and queso de bola.
According to Castelo, they monitored several supermarkets that have lower prices compared to the suggest retail price.
“Na-monitor natin na mayroong mga products that are lower by 10 pesos, mayroong four pesos, six pesos at hanggang piso. So malaking benefit para sa mga consumer (We have monitored several products that are lower by 10 pesos, four pesos, six pesos and even one peso. So it is a huge benefit for our consumers),” she said.
However, the DTI admitted that there are markets they can no longer monitor.
Castelo advises consumers to buy from supermarkets that the DTI have monitored.
“We encourage the consumers na doon sila bumili sa supermarkets na sigurado silang binabantayan ng DTI (We encourage the consumers to buy from supermarkets that have surely been monitored by the DTI),” she said.—AAC
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