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Valenzuela praised for protecting consumers - Vimarsana News

Valenzuela praised for protecting consumers

THE Department of Trade and Industry (DTI) has commended Valenzuela City for setting up nine 'Timbangan ng Bayan' as part of a nationwide approach to protect consumers.

Duterte inks Timbangan ng Bayan law - Vimarsana News

Duterte inks Timbangan ng Bayan law

MANILA - President Rodrigo Duterte has signed a law establishing Timbangan ng Bayan centers in public and private markets to protect consumers from deceptive and unfair sales acts and practices. RA 11706, signed by Duterte on April 13, amends Chapter II, Title III of RA 7394 otherwise known as the Consumer Act of the Philippines. Under the new law, Article 62-A directs all provincial, city, and municipal governments to establish accessible Timbangan ng Bayan Centers in all public and private markets, including supermarkets, and when practicable, in flea markets or tiangges and grocery stores, ...

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The PhilippinesRodrigo DuterteDepartment Of TheBayan CentersUnion Of Local Authorities The PhilippinesConsumer ActLocal GovernmentLocal AuthoritiesManila President Rodrigo Duterte Has Signeda Law Establishing Timbangan Ng Bayan Centers In Public And Private Markets To Protect Consumers From Deceptive Unfair Sales Acts Practices Ra 11706Igned By Duterte On April 13Mends Chapter IiItle Iii Of Ra 7394 Otherwise Known As The Consumer Act Philippines Under New LawRticle 62a Directs All ProvincialNd Municipal Governments To Establish Accessible Timbangan Ng Bayan Centers In All Public And Private MarketsNcluding SupermarketsNd When PracticableN Flea Markets Or Tiangges And Grocery StoresIthin Their Respective Localities Timbangan Ng Bayan Centers Will Provide Consumers With An Effective Means Of Checking The Accuracy Weight And Quantity Goods That They Are Buying Quot These Must Have Necessary Instruments For Determining Weights MeasuresHich Shall Be AvailableFree Of ChargeO All Persons Who Need To Confirm The Accuracy Of Quantity Or Measurements Products Purchased About BeUot The Law Read States That Market Supervisor Will Be In Charge Of Safekeeping And Routine Maintenance Timbangan Ng Bayan Instruments Shall Responsible For Maintaininga Record Every Product Found To Deficient Quantity Or Is Substandard DimensionS Well As The Establishment Where Same Was Bought Including Names Of Proprietors Or Manager Sa Certificate Duly Issued By Market Supervisor His Her Authorized Representative Reflecting Contents Such Record Will Be Prima Facie Evidence Ofa Violation Article 64 This Act Ra 11706 Includes Among Prohibited Acts Fraudulently AlteringAndalizing Or Destroying Any ScaleImbangan Ng Bayan Instrument
House OKs harsher penalties for vendors - Vimarsana News

House OKs harsher penalties for vendors

Congress has ratified a measure that imposes stiffer penalties on fraudulent and abusive vendors in markets.

House ratifies amendments to Public Service Act - Vimarsana News

House ratifies amendments to Public Service Act

House of Representatives (Contributed photo) MANILA - The House of Representatives on Wednesday night ratified the bicameral conference committee report on the measure proposing amendments to the Public Service Act (PSA) in a bid to attract more foreign investments. During the plenary session, the chamber approved the final version of the proposed amendments to the PSA, which seek to ease the restriction on foreign investments in public services. The bill effectively opens up to 100 percent foreign equity on all economic sectors in the country except the transmission and distribution of electr...

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Sangguniang KabataanJoey SalcedaPublic Service ActBayan CentersTax Incentives For EnterprisesAssociation Of Southeast Asian Nations AseanPhilippine Deposit Insurance CorporationMeans ChairCorporate RecoveryTax IncentivesSoutheast Asian NationsLower HouseHouse BillSenate BillHouse Of Representatives Contributed Photo Manila The On Wednesday Night Ratified Bicameral Conference Committee Report Measure Proposing Amendments To Public Service Act Psa Ina Bid Attract More Foreign Investments During Plenary SessionHe Chamber Approved The Final Version Of Proposed Amendments To PsaHich Seek To Ease The Restriction On Foreign Investments In Public Services Bill Effectively Opens Up 100 Percent Equity All Economic Sectors Country Except Transmission And Distribution Of ElectricityAter Pipeline And SeweragePetroleum PipelineNd Public Utility Vehicles House Ways And Means Chair Rep Joey Salceda Described The Proposal As Quot Most Important Economic Reform Since Corporate Recovery Tax Incentives For Enterprises Create Act Added That Measure Is Closest Country Has Been To Overcome Growth Overhang Caused By 1987 Constitution 39s Foreign Equity Restrictions It 39 Sa Massive Because Opens Us Capital We Needa Lot Of Have Plenty Domestic TalentUt They Leave For Abroad Because The Capital Required To Hire Them Is InvestedUot He Said Noted That The Philippine Economy Is Most Restrictive Among Association Of Southeast Asian Nations Asean Countries Final Version No Longer Requires Burdensome Reviews By Entire National Security Council For So Called Critical Infrastructure ProposalShe SaidOuld Yield Quot Massive Impacts On Job Creation And Investments We Expect An Increase In Fdis Foreign Direct By Around Php299 Billion Over The Next Five Years From Final Version Of Sectors That Will Be Opened Up Asa Result Psa Amendments Also Gross Value Added Gva Growth These Areas To Causea Gdp Domestic Product Rate Is 0 47 Percentage Points Higher Than BaselineUot Salceda Said He The Main Economic Benefit Of Psa Amendments Is That It Provides Local And Oligopolistic Players In Key Sectors Witha Credible Threat External Competition Quot Seen Asa Pro Competitive Measure Reduces Monopoly Or Oligopoly Power To Set Prices Provide Services At Low Quality Encourages Improve Efficiency
Senate OKs bill creating 'Timbangan ng Bayan Centers' in public, private markets - Vimarsana News

Senate OKs bill creating 'Timbangan ng Bayan Centers' in public, private markets

Senate OKs bill creating ‘Timbangan ng Bayan Centers’ in public, private markets