Connect with us

Hi, what are you looking for?


DTI backs passage of proposed Internet Transactions Act

THE Department of Trade and Industry (DTI) endorsed the immediate passage of the proposed Internet Transactions Act, saying that it will help protect online consumers.

“We need the Internet Transactions Act passed. We hope its enactment can be fast tracked,” Trade Undersecretary Ruth B. Castelo said in a statement on Wednesday.

According to the DTI, the proposed law seeks to establish an online business registry and promote the use of the e-commerce Philippine trustmark, both designed to inspire confidence in e-commerce transactions.

“The trustmark will be given to merchants that uphold the rights of consumers and practice responsible business,” the DTI said.

The measure is contained in House Bill No. 4, which hurdled the House of Representatives on third reading in December. Senate Bill No. 1846, its equivalent in the other chamber, is awaiting sponsorship and debate.

In June, President Ferdinand R. Marcos, Jr. certified Senate Bill No. 1846 as urgent, citing the need to better regulate e-commerce transactions and upgrade consumer protections.

The proposed law will also classify persons involved in e-commerce serving the Philippine market as conducting business within the country, making them subject to applicable laws and regulations.

Aside from expanded coverage, the proposed Internet Transactions Act will also authorize the Trade Secretary to order the takedown of any website, online application, social media account, or other platforms for a maximum of 30 days if found guilty of violating the law.

“With the increase in inquiries and concerns about online transactions, the DTI reminds businesses and online sellers that consumer protection laws apply to brick-and-mortar and online stores,” it said.

Last year, the DTI’s Fair Trade Enforcement Bureau (FTEB) logged 27,947 complaints, of which 44% of 12,170 involved online transactions. Of these, 2,484 were resolved while 9,093 were referred to other agencies, 394 were withdrawn, and 199 were endorsed for further action.

The FTEB also fielded complaints involving online scams like the use of fake identities to impersonate legitimate merchants, unregistered sales promotions, malicious online shopping sites, and pyramid schemes. — Revin Mikhael D. Ochave

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Your email address will not be published.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!



AIRCRAFT pilots, software developers, and mathematicians were among the top-paying jobs in 2022, data from the Philippine Statistics Authority (PSA) showed. In the 2022...


By Miguel Hanz L. Antivola, Reporter MANY FILIPINOS have fallen victim to the fanfare of play-to-earn games enabled by cryptocurrency due to a lack of...


Top 5 cybersecurity mistakes endangering your startup and how to resolve them Simon Hughes – VP and General Manager for the UK arm of...


The government’s borrowing bill was lower than expected last month as falling inflation and bumper tax revenues helped improve public finances. Figures from the...


Watford is to become the unlikely new home for Batman and Superman after Warner Bros confirmed that it is to go ahead with a...


The First Atkins Group continues its commitment to promoting food sufficiency as it unveils plans for its 8th cold storage facility. First Atkins Holdings...

You May Also Like

Top News

As the world seeks sustainable and energy-efficient solutions for heating and cooling, the heat pump market is experiencing a significant surge. According to the...


The Toto site’s user-friendly interface makes it easy for both beginners and experienced gamblers to navigate through the various features. “¸ÔÆ¢Æú¸®½º site is a...


Almost 100 jobs are thought to be under threat at smart home energy technology manufacturer myenergi. The Grimsby firm, named one of the UK’s...


The number of small businesses planning to increase prices to their customers is set to rise dramatically this quarter, further fuelling inflationary pressures. A new quarterly analysis of...

Disclaimer:, 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.