Published March 2, 2021, 5:30 AM
Price of motorcycles sold on installment payment is 25 percent higher than the cash price of the unit, according to Trade and Industry Secretary Ramon M. Lopez.
Lopez said this was found out by the DTI as it conducts public hearings on the draft Memorandum Circular that will promote payment options in consumer transactions and prohibit the selling of goods and services on installment basis only.
According to Lopez, the difference in price for motorcycles on installment payment is 25 percent higher than the price for cash payment. The higher prices of the unit for installment payment is due to the high interest rate, he said.
The “Go Lokal!” program of the Duterte administration since 2016 has brought over a thousand micro, small and medium enterprises (MSMEs) into the mainstream markets.
Trade and Industry Secretary Ramon M. Lopez said that through the “Go Lokal” program, 275 MSMEs were given the opportunity to main
Published February 26, 2021, 11:50 AM
Trade and Industry Secretary Ramon M. Lopez today called for transformational leaders in government with crucial traits in integrity, competence and energy (ICE) specially in this pandemic period where the country continued to wallow in hunger and unemployment on prolonged strict quarantine restrictions.
In a speech at the 2021 Career Executive Service Leadership Conclave of the Career Executive Service Board (CESB) of the Civil Service Commission, the DTI Secretary stressed, “As we deal with the unforeseen health and economic crisis brought about by COVID-19, the Philippines needs to rely on its leaders more than ever in seeking solutions to manage and solve the many challenges that our country faces.”
Trade and Industry Secretary Ramon M. Lopez on Monday, (Feb. 22) urged the Bangko Sentral ng Pilipinas (BSP) to craft rules to encourage banks to lend more for auto loans stressing that banks have huge liquidity that they can use to help businesses recover.
Trade and Industry Secretary Ramon
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