Push Admin

DTI appeals for funds for 'strike force' vs hoarders, scammers

Article (news)

Sherrie Ann Torres, ABS-CBN News

MANILA - The Department of Trade and Industry said its P300-million program to create a &quot;strike force&quot; to combat hoarders, unscrupulous traders and scammers has yet to get funding for next year.Interviewed on the sidelines of the 2024 budget deliberations, Trade Secretary Alfredo Pascual clarified that they only thought of formally requesting a P300 million budget for consumer protection, given their expanded mandate.“It became clear na maraming requirements na kailangan. Pero meron kaming separate na request for different responsibilities,” Pascual said.Meanwhile, Senator Mark Villar, who chaired the Senate Subcommittee on Finance that scrutinized the DTI budget, said it was important for the DTI to go after price manipulators.“Inflation is the most important issue now. So I think, it’s very relevant that DTI takes a stronger role in monitoring these hoarders and manipulators,” Villar said.“The plan is to centralize the consumer protection activity in the head office and have a quick response task force,” Pascual said.Trade Assistant Secretary Mary Jean Pacheco, OIC of the Consumer Protection Group explained that they intend to use the money to form a “strike force,” which will be tasked to identify and track down unscrupulous traders.“We will mobilize an inter-DTI strike team to go around the country. To really sort of augment or increase our enforcement activities nationwide,” Pacheco said.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/video/business/09/14/23/dti-says-no-price-upticks-recorded-so-far">DTI says no price upticks recorded so far</a></li>	<li><a href="https://news.abs-cbn.com/video/business/09/11/23/lifting-of-rice-price-cap-to-be-decided-within-2-weeks-dti">Lifting of rice price cap to be decided &#x27;within 2 weeks&#x27;: DTI</a></li></ul>

DTI said its P300-million program to create a 'strike force' to combat hoarders, unscrupulous traders and scammers has yet to get funding for next year.

DTI appeals for funds for 'strike force' vs hoarders, scammers

News

Entertainment

Lifestyle

Sports

Metro.Style

More

Sudoku

Word of the Day

Lotto

Horoscope

Business

DTI appeals for funds for 'strike force' vs hoarders, scammers

Sherrie Ann Torres,

ABS-CBN News

Published October 03, 2023 05:42 PM PHT

|

Updated October 04, 2023 09:17 AM PHT

Read More:

DTI

Department of Trade and Industry

2024 budget

budget

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

AI Policy

Terms of Service

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.