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Facebook : Laban Konsyumer Inc.
Website : www.labankonsyumer.com
September 30, 2019
Senate Committee on Trade, Commerce and Entrepreneurship
email : firstname.lastname@example.org
Attn.: Ms. Jinglee Concon-Allam
Re: SB no. 14 and 921
The Laban Konsyumer Inc. , a non stock and non profit consumer advocacy group is a registered entity, a recognized consumer organization of the Department of Trade and Industry and a full term member of the Consumers International .
On SB s 14 and 921, the opening of the retail market opens up more choices for consumers in buying goods and services. The capital threshold of the Retail Trade Law had been overtaken by online commerce that cut across borders and countries .
Our existing retail industry are well entrenched and competitive . There are abundance of foreign brands sold in the retail market thru licensing , franchising and other contractual arrangements. The proposed USD 200,000 minimum paid up capital stock or more than Php 10. 5 million qualifies the foreign retailers under the Medium Category , and thus will not impact or affect the business of micro and small entrepreneurs, the latter are in a totally different market segment .
For the record , the Laban Konsyumer Inc. served as Co Chair of the TWG of the House of Representatives on similar Bills heard and taken up in the 17th Congress. We learned that the counterpart House committee had approved the Bills in the 18th Congress.
In fine, we support the enactment of the Bills.
Thank you for the opportunity to submit our comments.
Very truly yours,
Atty. Victorio Mario A. Dimagiba, AB, LLB, LLM
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