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ALLIANZ PARTNERS WINS A RECORD TWENTY-SEVEN TROPHIES IN 2022 MAGELLAN AWARDS

Bill on internet transactions hurdles House panel

MANILA - A measure seeking to protect consumers and merchants engaged in Internet transactions has hurdled committee level at the House of Representatives. During its virtual hearing on Wednesday, the House committee on trade and industry approved a consolidated version of the proposed Internet Transaction Act or E-Commerce Law, which is a priority legislation mentioned by President Ferdinand Marcos Jr. in his first State of the Nation Address. The bill proposes to create an E-Commerce Bureau to regulate internet commercial activities and protect consumers who engage in online transactions. The panel expedited the approval of the proposal, citing Rule 10, Section 48 of the House Rules, which authorizes the committees to dispose of priority measures already filed and approved on the third reading in the previous 18th Congress. Batangas Representative Mario Vittorio Marino said the growth of e-commerce transactions has resulted in an apparent need for government regulation. "The exp

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