Connect with us

Hi, what are you looking for?

Economy

Gov’t looks at wider net for fake products

THE GOVERNMENT may expand the raids of areas selling counterfeit goods, including two commercial centers in San Juan and Manila that authorities failed to monitor amid a coronavirus pandemic.

The Intellectual Property Office of the Philippines is targeting Greenhills Shopping Complex in San Juan Divisoria in the capital, Rowel S. Barba, director general of the Intellectual Property Office of the Philippines (IPOPHL), said in an online interview.

“Enforcement agencies had problems as far as raids are concerned because of limited physical movements,” he said in mixed English and Filipino. “Hopefully we can do something about Divisoria and Greenhills.”

This year’s raids by police and agents of the National Bureau of Investigation (NBI) would depend on information and complaints from brand owners, Mr. Barba said.

The National Committee on Intellectual Property Rights (NCIPR), which includes IPOPHL, seized fake products worth P13.7 billion in the seven months through July 2019. The products included mostly fake brands of cigarette, alcohol, pharmaceutical and personal products. There were also a handful of handbags and wallets.

Greenhills Shopping Center in San Juan was in the United States Trade Representative’s (USTR) 2019 Notorious Markets list. It said vendors in the area sell large volumes of counterfeit goods such as handbags, shoes, clothing, jewelry, electronics and toys.

“The market has been the subject of raids and monitoring by enforcement officials,” it said. “However, sellers have reportedly been able to evade enforcement by moving to new stalls or by discreetly selling illicit goods behind counters and underneath tables.”

“USTR urges the Philippines to enhance and sustain enforcement actions to deter sales of counterfeit goods at this market.”

IPOPHL said online sales of counterfeit and pirated goods surged during the lockdown. — Jenina P. Ibañez

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

Last Tuesday, I moderated the BusinessWorld insights panel entitled, “Saving, Spending, Investing: Achieving Financial Goals even amid a Crisis” with top financial advisors in the country –...

Economy

PearlPay, an all Filipino-led fintech company, took home the third prize during the global finals of the Visa Everywhere Initiative (VEI) last Sept. 15. Started in...

Economy

Follow us on Spotify BusinessWorld B-Side Despite saying that the pandemic response is a top priority, the executive department of the Duterte administration slashed the P50.4...

Economy

Wilcon Depot celebrates the successful opening of its newest retail store in Pila, Laguna, as part of its ongoing #FlyingHighTo100 store expansion campaign. Opened...

Economy

As climate change takes center stage as one of the world’s most pressing challenges, and countries race to transition from fossil fuels to clean energy...

Economy

Willis Towers Watson shares the secret to its successful 40 years of providing world-class advisory, broking services and business solutions The COVID-19 pandemic has...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Economy

Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Economy

US President Joseph R. Biden, Jr., will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.



Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!