Consumer group pushes transparent oil pricing

Consumer advocacy group Laban Konsyumer Inc. is pushing for transparency in retail prices of petroleum products and the regular maintenance of power plants as part of end-users’ right to information and to provide them access to fair pricing of petroleum products and electricity......»»

Category: financeSource: philstar philstarApr 16th, 2018

Firms see robust sales despite TRAIN

By Krista Angela M. Montealegre National Correspondent FILIPINOS did not hold back on spending despite higher prices of goods in the first quarter of the year, but elevated input costs would continue to put pressure on the profitability of consumer companies. COL Financial Group, Inc. Vice-President and Head of Research April Lynn L. Tan said […] The post Firms see robust sales despite TRAIN appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 15th, 2018

Double-digit growth for 3 retail firms

Three of the country's leading retailers posted double-digit profit growth in 2017, riding on strong consumer spending in the country. Leading home improvement/construction supply retailer Wilcon Depot Inc. last year recorded a 56-percent growth in net profit to P1.38 billion on higher sales from its growing store network and improving margins. Gaisano-led Metro Retail Stores Group Inc. (MRSGI) grew its net profit last year by 23.7 percent to P977 million, attributed to a robust retail landscape and operational enhancement programs. Leading fashion and specialty retailer SSI Group saw last year's net profit rise by 19 percent to P275 million on increased store productivity. Excl...Keep on reading: Double-digit growth for 3 retail firms.....»»

Category: newsSource:  inquirerRelated NewsApr 13th, 2018

Did Grab illegally charge its riders higher fare?

MANILA, Philippines – Amid allegations of charging illegal fares, Grab Philippines maintained that it has always been "transparent" about its fare scheme. In a statement on Wednesday, April 11, Grab spokesperson Leo Gonzales said that the P2-per-minute charge was initiated "when Grab reviewed its pricing structure in June 2017." According to Gonzales, ........»»

Category: newsSource:  rapplerRelated NewsApr 11th, 2018

Marañon hat-trick pushes Ceres to eliminate Boeung Ket

MANILA, Philippines – Still a domination, but it was just 5 goals less.  After shutting them out 9-0 in the AFC Cup opener , Ceres-Negros FC repeated its victory over Boeung Ket FC, 4-0, on Wednesday, April 11 at the Olympic Stadium in Phnom Penh, Cambodia.   Ceres remains on top of Group F with 13 points off ........»»

Category: newsSource:  rapplerRelated NewsApr 11th, 2018

Child protection groups accuse YouTube of collecting children s data

MANILA, Philippines - Popular video-sharing platform, YouTube, is being accused of illegally collecting children’s data by a coalition of 23 child advocacy, consumer, and privacy protection groups. According to The Guardian , the group – comprised of the Campaign for a Commercial-Free Childhood (CCFC), the Center for ........»»

Category: newsSource:  rapplerRelated NewsApr 10th, 2018

Consumer group calls for LTFRB to stop meddling in review of Uber-Grab deal

Consumer group Laban Konsyumer Inc. on Tuesday told the Land Transportation Franchising and Regulatory Board (LTFRB) to stop meddling in the ongoing review of the Philippine Competition Commission to the Uber-Grab deal, instead focus in fast-tracking the accreditation of prospective ride-hailing companies. In a statement on Tuesday, Laban Konsyumer President Atty. Vic Dimagiba said that […] The post Consumer group calls for LTFRB to stop meddling in review of Uber-Grab deal appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 10th, 2018

Consumer group tells LTFRB: Hands off Uber-Grab review by PCC

CONSUMER GROUP Laban Konsyumer Inc. on Tuesday told the Land Transportation Franchising and Regulatory Board (LTFRB) to stop meddling in the Philippine Competition Commission’s (PCC) ongoing review on the Uber-Grab deal, and instead focus on fast-tracking the accreditation of prospective ride-hailing companies. In a statement, Laban Konsyumer President Victorio Mario A. Dimagiba said the LTFRB […] The post Consumer group tells LTFRB: Hands off Uber-Grab review by PCC appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 10th, 2018

Sans election windfall, ABS-CBN profit down 10%

ABS-CBN Corp., the media holding company of the Lopez family, said net income last year hit P3.16 billion, lower than in 2016 but in line with internal forecasts. The decline of about 10 percent was attributed to the absence of an election advertising windfall seen the previous year. In 2017, however, revenues rose 9 percent to P40.7 billion, driven by consumer sales. "Overall, we are pleased with our performance for 2017 and we are particularly happy to have exceeded our guidance for net income," ABS-CBN chief financial officer Aldrin Cerrado said on Friday. ABS-CBN adopted the cost per individual rating point pricing (CPIRP) scheme in 2015, which rewards the company for an inc...Keep on reading: Sans election windfall, ABS-CBN profit down 10%.....»»

Category: newsSource:  inquirerRelated NewsMar 23rd, 2018

Corporate tax reform to level playing field

The Duterte administration is pushing income tax reforms in the corporate sector to level the playing field of business and make our system equitable, transparent and more accountable by, among others, removing perpetual tax holidays enjoyed by only a select group of investors, which is unfair especially to smaller enterprises….....»»

Category: newsSource:  journalRelated NewsMar 20th, 2018

DTI asked to investigate substandard rebar on sale in Central Luzon

AN industry group has urged the Department of Trade and Industry (DTI) to conduct an investigation after finding substandard rebar being sold in Central Luzon. In a statement sent to reporters over the weekend, the Philippine Iron and Steel Institute (PISI) recommended that the agency’s Consumer Protection Group conduct an “immediate” audit in the region […] The post DTI asked to investigate substandard rebar on sale in Central Luzon appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 18th, 2018

Meralco rates highest in asia

AN enraged consumer group has slammed the new power rate hike of the Manila Electric Company (Meralco) for March and April. Alyansa Para sa Bagong Pilipinas Secretary General Aya Jallorina said Meralco could not hide its abuse and opportunism anymore since its power rate is the highest in Asia. Meralco….....»»

Category: newsSource:  journalRelated NewsMar 17th, 2018

Pesticide traces in three-quarters of French fruit

Almost three- quarters of fruit and more than two-fifths of non-organic vegetables contain traces of pesticide in France, with grapes and celery the most affected, a report said Tuesday. Samples of 19 fruits and 33 vegetables were studied in the report by Generations Futures, a French environmental group that campaigns against pesticide and GMOs, using 2012-2016 data from consumer protection agency DGCCRF. "For fruit we found that on average pesticide residue was present in 72.6 percent of the samples analyzed," the group said in a statement, with 2.7 percent of those cases exceeding the authorized limit. Eighty-nine percent of the grapes sampled contained traces of pesticid...Keep on reading: Pesticide traces in three-quarters of French fruit.....»»

Category: newsSource:  inquirerRelated NewsFeb 26th, 2018

Upbeat consumer outlook

MALACAÑANG hailed recent news that consumer outlook of the Philippines under the leadership of President Rodrigo Duterte remains upbeat. Secretary Roque cited a recent report by BMI Research, the research unit of the Fitch Group Company, which showed a sustained positive outlook by consumers in the country. He said this….....»»

Category: newsSource:  journalRelated NewsFeb 20th, 2018

The Mindanao Trust Fund: Supporting Reconstruction and Development in Conflict-affected areas in Mindanao

MAGUINDANAO – Conflict-affected communities in Mindanao are among the poorest in the Philippines suffering from poor infrastructure and lack of basic services, including education and health, weak local governance, and minimal private sector investment, according to a report by the World Bank. It said insecurity has been a major challenge. Frequent armed clashes driven by multiple and inter-related forms of conflict—insurgent groups, clan disputes, and quasi-ideological criminal banditry—have created severe economic dislocation and displacement of people. Armed conflict and poverty are inextricably linked. The Autonomous Region in Muslim Mindanao (ARMM), one of the most heavily conflict-affected regions, has poverty incidence of 52.9 percent, almost double the national average. Based on the peace deal with the Philippine government in 2012, the Moro Islamic Liberation Front (MILF) is expected to transition into a social and political movement. One of the key challenges for a successful transition is to help the MILF build development planning, budgeting, and public administration skills within its ranks. The Mindanao Trust Fund or MTF works to enhance access to services and economic opportunities and build social cohesion while enhancing the capacity of local institutions in conflict-affected areas. It supports the Bangsamoro Development Agency (BDA), the development arm of the MILF. Based on a 2001 agreement between the Government of the Philippines and the MILF, the BDA is tasked to determine, lead, and manage relief, rehabilitation, and development projects in the conflict-affected areas. It’s a unique project that enables various stakeholders—government, the World Bank, and other development partners—to work with a revolutionary movement in delivering development results even before the signing of a final peace agreement. With an enhanced role of women, the program helps the BDA to deliver community development and income-generating subprojects in communities. This enhances access to basic services such as clean water, roads and day care centers. BDA also works to strengthen community enterprises for employment and income generation. The community-based approach brings people from different groups—Muslims, Christians, and Indigenous Peoples—together for the common good, building social cohesion and trust. Over time the program has expanded beyond community development to assist the BDA to develop skills in macro-development planning. A broad package of engagement complements the MTF promoting inclusive growth across Mindanao. For example, US$121 million for farm-to-market roads in Mindanao is included in the nation-wide PRDP while the National Community Driven Development Project is financing US$190 million for CDD activities in Mindanao. Over a decade, 650,000 people (52% of whom are women) in 284 villages have benefitted from 641 subprojects financed by the MTF. The subprojects have included water systems, community centers, sanitation facilities, access roads, post-harvest facilities, and farming and fishing equipment. Eighty-six percent of the beneficiaries say that the project reflected their needs. The subprojects have reduced travel time to market, increased agricultural productivity, reduced post-harvest costs, and increased access to basic services such as clean water. Beneficiaries of income-generating subprojects reported a 10 to 20 percent increase in incomes. About 330,383 women beneficiaries learned skills in community planning and implementation. And 42 community enterprises in 11 villages have been trained in business development to generate sustainable employment and income. The Bangsamoro Development Agency has evolved from a small group of volunteers with no development experience to a leading development agency in Mindanao with 300 staff across seven regional management offices. BDA cooperates with multiple national and international partners, including JICA, WFP, and UNICEF. Bangsamoro Development Plan: the MTF provided technical assistance to help the BDA formulate the first comprehensive economic development blueprint prepared by a non-state armed group. Under the Alternative Learning System project, about 1,832 former combatants, housewives and out-of-school youth reported increased confidence because of improved reading, writing and numeracy abilities. These contributed to their more active participation in community meetings, stronger support for their children’s schoolwork, and better fair farm pricing transactions in city markets. The MTF has remained an important mechanism for consolidating peace and development in Mindanao. Beyond the impact of subprojects at the community level, the program’s ability to converge government and international support to empower Bangsamoro people and institutions to lead in community development seeks to lay the foundation for future sustainable and inclusive development in the Bangsamoro. The program fostered social cohesion by creating spaces for dialogue between Muslims, Christians, and Indigenous Peoples, as well as a diverse mix of local, regional, and national institutional actors. In many remote locations, the project provided the only opportunity for different groups to interact. The increased familiarity built mutual understanding—the basis of trust. Project policies also ensured active and meaningful participation of indigenous peoples and women, who are often otherwise marginalized from decision-making processes at the village level. The participative approach fostered social unity and built trust among stakeholders. In tri-people communities, minority groups shared better understanding and more harmonious relations with Muslims due to the consensus-building nature of CDD/CDR. While residents of remote communities—who had had little to no government access—disclosed growing trust towards government institutions at the end of the project due to the assistance provided by officials. The Bank’s technical and analytical support through the MTF and other engagements supporting peace and development in Mindanao have produced a significant body of literature that helps inform policy dialogues among various stakeholders. For instance, the Land Conflict study prepared for the Transitional Justice and Reconciliation Commission provides short- and medium-term recommendations that can help address land conflict in Mindanao. Also, the Public Expenditure Review in […].....»»

Category: newsSource:  mindanaoexaminerRelated NewsJan 26th, 2018

2nd petition asks high court to stop TRAIN

A SECOND petition has been filed by a consumer advocacy group before the Supreme Court (SC) seeking to halt the implementation of Republic Act 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) Act. Laban Konsyumer Inc. and its president, former Trade Undersecretary Victor Dimagiba, said the petition specifically….....»»

Category: newsSource:  journalRelated NewsJan 23rd, 2018

High court asked to issue TRO versus Train

A consumer group has asked the Supreme Court (SC) to halt the implementation of the Tax Reform for Acceleration and Inclusion (Train) Act, claiming that the law was causing “irremediable injury” to consumers. Laban Konsyumer, Inc. filed a petition for certiorari with an application for a temporary restraining order against Republic Act 10963, which it [...] The post High court asked to issue TRO versus Train appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 23rd, 2018

PH competition body to tap independent group to study telcos’ impact

The Philippine Competition Commission (PCC) may soon find out the impact of the controversial telco deal that ate up what could have been the country's third telco player, following an independent market study to be conducted this year.   In a press briefingon Wednesday, PCC Commissioners said they would tap an independent body to conduct the market study in the telecommunications industry, along with other similar studies in industries that also impact consumer welfare.   The market study would offer a broad look into the entire value chain, including the aftermath of the P69 billion deal made by PLDT Inc. and Globe Telecom, Inc. of San Miguel Corp.'s telco assets ...Keep on reading: PH competition body to tap independent group to study telcos’ impact.....»»

Category: newsSource:  inquirerRelated NewsJan 17th, 2018

AME pushes oldtimer for Marina OIC post

THE Alliance of Marina Employees has written President Rodrigo Duterte anew, this time to endorse their most senior, longest-serving and most skilled employee in the agency. In a one page letter sent to Malacanang, the group pushed for the appointment of Director Roberto Arceo as officer-in-charge of the agency. Arceo….....»»

Category: newsSource:  journalRelated NewsJan 12th, 2018

Bills reverse tank talk by ending 17-year playoff drought

By John Wawrow, Associated Press ORCHARD PARK, N.Y. (AP) — It took four months and a dramatic turn of events on one of the final plays of the NFL's regular season for coach Sean McDermott and the Buffalo Bills to finally — and succinctly — put to rest any suggestion the team had any intention of tanking last summer. "I'll let you guys handle that," McDermott said, referring to reporters on Monday. "We're moving on after today to the first round of the playoffs." And that's all that matters to the first-year coach, who took the high road rather than an "I told you so" approach some 18 hours after the Bills clinched the AFC's sixth and final playoff berth and ended a 17-year postseason drought — the longest in North America's four major professional sports. McDermott never gave into the doubters and instead preached a simple "Trust The Process" message that resonated with his players. "Every season's a little bit different. Every season you go through tests and challenges," McDermott said. "It's going to try to pull you apart. It's going to test you, and it's going to test your mental toughness," he added. "And our players hung in there." Rather than packing up, as 17 of Buffalo's preceding teams did on the day after the regular-season finale, these Bills returned home to a jubilant reception early Monday. They were greeted at Buffalo Niagara International Airport by some 400 chanting fans, who braved 2-degree temperatures after Buffalo beat Miami 22-16 and clinched its playoff berth once Baltimore gave up a last-minute touchdown in a 31-27 loss to Cincinnati. McDermott is even considering sending the Bengals a gift — chicken wings, perhaps — as a thank you for Andy Dalton hitting Tyler Boyd for a 49-yard touchdown pass on fourth-and-12 with 44 seconds left. And now, Buffalo (9-7) is moving on in preparing to play at AFC South champion Jacksonville (10-6) on Sunday. McDermott rewarded his players by giving them the next two days off, before the team returns to practice Wednesday. They earned it. Buffalo overcame exceedingly low expectations following a major yearlong roster overhaul which led to the departures of numerous high-priced stars. Among the players traded were receiver Sammy Watkins (to the Los Angeles Rams) and defensive tackle Marcell Dareus (Jacksonville). The Bills' secondary was retooled as was their group of receivers, leaving the team to open the season with 24 holdovers from 2016. On the field, the Bills overcame the elements by beating Indianapolis 13-7 in overtime amid white-out conditions on Dec. 10. And the team failed to unravel when McDermott's decision to start Nathan Peterman backfired after the rookie quarterback threw five interceptions in the first half of a 54-24 loss to the Los Angeles Chargers on Nov. 19. Buffalo could face even more adversity with running back LeSean McCoy's status uncertain after hurting his right ankle against Miami. What stood out to McDermott was how the Bills responded to the loss to the Chargers the following week by snapping a three-game skid with a 16-10 win at Kansas City. "If you're going to put a landmark moment for this first year, that was probably one of them," he said of a win that improved Buffalo's record to 6-5. "That goes back to the resiliency of this football team and really what this city is all about ... that no matter what people say about us, we're going to compete like crazy." McDermott needed no more validation of how his team has captured the imagination of its supporters than witnessing the scene at the airport. Fans waved Bills flags and placards, sang the team's "Shout!" song and chanted "Let's Go Buffalo." "I've been around a couple of playoffs or two in my 20 years around the NFL, and that was unmatched," he said. "This type of welcome home just speaks volumes about our city and our fans." Defensive coordinator Leslie Frazier said the staff and players couldn't initially see the fans while de-boarding the plane, but could hear them. "We were like, 'This is incredible.' It just kind of brings home what this means to Buffalo, to western New York," Frazier said. "It just pushes you on to want to keep it going and just show them how much we appreciate their support." Rookie tackle Dion Dawkins was stunned by the reception, "It's 2 degrees out here and they're screaming their tails off," Dawkins said. "This is just flat-out unbelievable." Funny, some were saying the same about the Bills' playoff chances four months ago, too......»»

Category: sportsSource:  abscbnRelated NewsJan 2nd, 2018

DTI taps consumer volunteers as monitors

SAN JOSE, Antique – The Department of Trade and Industry organized a group of consumers to act as volunteers in monitoring the compliance with Fair Trade Laws. Engr. Lynna Joy Cardinal, a senior trade and industry development specialist, said the group is comprised of 25 members from various sectors. The volunteers are from Advance Central […] The post DTI taps consumer volunteers as monitors appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsDec 20th, 2017