DTI eyes higher fines for violators of Consumer Act

Comment: Off
President Benigno S. Aquino III heads the Globe Southeast Asia-Japan (SJC) Submarine Cable System launching ceremony at  The Globe Tower, 7th Avenue corner 32nd Street in Taguig City on Friday (September 27). With the President during the ceremony are DTI Secretary Gregory Domingo; Jaime Augusto Zobel de Ayala; Gil Genio head of Globe Business; Yukido Oda, President of KDDI from Japan; Ooi Seng Keat, Vice President of Carrier Services/Singtel; and Song Dai of Brunei International Gateway.  One of the main beneficiaries of the Globe-SJC interconnection will be the local business process outsourcing and the outsourcing-off shore sectors, currently regarded as the “sunshine industries” in the country. (MNS photo)

President Benigno S. Aquino III heads the Globe Southeast Asia-Japan (SJC) Submarine Cable System launching ceremony at The Globe Tower, 7th Avenue corner 32nd Street in Taguig City on Friday (September 27). With the President during the ceremony are DTI Secretary Gregory Domingo; Jaime Augusto Zobel de Ayala; Gil Genio head of Globe Business; Yukido Oda, President of KDDI from Japan; Ooi Seng Keat, Vice President of Carrier Services/Singtel; and Song Dai of Brunei International Gateway. One of the main beneficiaries of the Globe-SJC interconnection will be the local business process outsourcing and the outsourcing-off shore sectors, currently regarded as the “sunshine industries” in the country. (MNS photo)

MANILA (Mabuhay) -– The Department of Trade and Industry (DTI) is looking to amend provisions in the Consumer Protection Law to protect consumers from fraud, and price and standard irregularities.

DTI Undersecretary Victorio Dimagiba said the agency will propose higher fines for violators of the Consumer Act.

He said the proposal seeks to raise the minimum fine to P50,000 from P500 and the maximum fine to P1 million from P300,000.

He added that the DTI will also push to increase imprisonment to two years from six months.

The proposed amendments will also seek to strengthen regulations on online sales or e-commerce in wake of complaints of non-full disclosure on products and other acts of deceptive sales.

The 22-year-old Consumer Protection Law protects consumers from illegal practices involving prices, standards, false or misleading information, deception, and product warranties. (MNS)

About the Author

Related Posts