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Monday, June 25, 2018

DTI Offers P5K To P200K Loan To Small Business Owners

Department of Trade and Industry (DTI) monitoring shows that the prices of basic commodities have rises. These includes several brands of canned meat products, condiments, soap, and batteries.
Without extra funds, small businesses are suffering losses as they cannot compete against bigger retailers especially if they count on their profits to cover their expenses such as paying rents, mortgages, loans, monthly bills etc.
Through the P3 Program, DTI is offering low-interest loans to small businesses who are affected by the price hike.
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Department of Trade and Industry (DTI) monitoring shows that the prices of basic commodities rise like some brands of canned meat products, condiments, soap, and batteries.  Without extra funds, small businesses are suffering losses as they cannot go parallel with the prices of those bigger competitors especially if they count on their business sales for all expenses such as paying rents, mortgages, loans, monthly bills etc.  Through P3, DTI is offering low-interest loans to small businesses who are affected by the price hike.  Advertisement         Sponsored Links       A group of supermarket owners believes that the price hikes for basic commodities will continue until the latter parts of the year.      Steve Cua, president of Philippine Amalgamated Supermarkets Association said it it also a chance for the manufacturers to have a price increase. He also said that if the manufacturers increase their prices, there will be no choice for the retailers but to follow.   If this price hike happens, the small businesses will hardly break even with their expenses against profit. DTI, however, continues keen monitoring of the prices. They have already found some products which exceed the suggested retail price (SRP) and the agency demanded an explanation from the manufacturer.  DTI Undersecretary Zenaida Maglaya said that although SRP's are only "suggested" the manufacturers also have a duty to explain why they needed to put P1 or P2 increase on their products.  Maglaya also mentioned that they are offering low-interest loans to small businesses who will be affected by the price hike amounting from P5,000 up to P200,000 which only earns 2.5% which translates to P25/month for every P1,000 borrowed.  READ MORE: Can A Family Of Five Survive With P10K Income In A Month?    How Filipinos Can Get Free Oman Visa?    Do You Know The Effects Of Too Much Bad News To Your Body?    Authorized Travel Agency To Process Temporary Visa Bound to South Korea    Who Can Skip Online Appointment And Use The DFA Courtesy Lane For Passport Processing?


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A group of supermarket owners believe that the price hikes for basic commodities will continue until the latter parts of the year.
Department of Trade and Industry (DTI) monitoring shows that the prices of basic commodities rise like some brands of canned meat products, condiments, soap, and batteries.  Without extra funds, small businesses are suffering losses as they cannot go parallel with the prices of those bigger competitors especially if they count on their business sales for all expenses such as paying rents, mortgages, loans, monthly bills etc.  Through P3, DTI is offering low-interest loans to small businesses who are affected by the price hike.  Advertisement         Sponsored Links       A group of supermarket owners believes that the price hikes for basic commodities will continue until the latter parts of the year.      Steve Cua, president of Philippine Amalgamated Supermarkets Association said it it also a chance for the manufacturers to have a price increase. He also said that if the manufacturers increase their prices, there will be no choice for the retailers but to follow.   If this price hike happens, the small businesses will hardly break even with their expenses against profit. DTI, however, continues keen monitoring of the prices. They have already found some products which exceed the suggested retail price (SRP) and the agency demanded an explanation from the manufacturer.  DTI Undersecretary Zenaida Maglaya said that although SRP's are only "suggested" the manufacturers also have a duty to explain why they needed to put P1 or P2 increase on their products.  Maglaya also mentioned that they are offering low-interest loans to small businesses who will be affected by the price hike amounting from P5,000 up to P200,000 which only earns 2.5% which translates to P25/month for every P1,000 borrowed.  READ MORE: Can A Family Of Five Survive With P10K Income In A Month?    How Filipinos Can Get Free Oman Visa?    Do You Know The Effects Of Too Much Bad News To Your Body?    Authorized Travel Agency To Process Temporary Visa Bound to South Korea    Who Can Skip Online Appointment And Use The DFA Courtesy Lane For Passport Processing?

Steve Cua, president of Philippine Amalgamated Supermarkets Association said it it also a chance for the manufacturers to have a price increase. He also said that if the manufacturers increase their prices, there will be no choice for the retailers but to follow.

If this price hike continues, small businesses will hardly break even with their expenses against profit.
DTI, however, continues keen monitoring of the prices.
They have already found products which exceed the suggested retail price (SRP) and the agency is demanding an explanation from manufacturers.
Department of Trade and Industry (DTI) monitoring shows that the prices of basic commodities rise like some brands of canned meat products, condiments, soap, and batteries.  Without extra funds, small businesses are suffering losses as they cannot go parallel with the prices of those bigger competitors especially if they count on their business sales for all expenses such as paying rents, mortgages, loans, monthly bills etc.  Through P3, DTI is offering low-interest loans to small businesses who are affected by the price hike.  Advertisement         Sponsored Links       A group of supermarket owners believes that the price hikes for basic commodities will continue until the latter parts of the year.      Steve Cua, president of Philippine Amalgamated Supermarkets Association said it it also a chance for the manufacturers to have a price increase. He also said that if the manufacturers increase their prices, there will be no choice for the retailers but to follow.   If this price hike happens, the small businesses will hardly break even with their expenses against profit. DTI, however, continues keen monitoring of the prices. They have already found some products which exceed the suggested retail price (SRP) and the agency demanded an explanation from the manufacturer.  DTI Undersecretary Zenaida Maglaya said that although SRP's are only "suggested" the manufacturers also have a duty to explain why they needed to put P1 or P2 increase on their products.  Maglaya also mentioned that they are offering low-interest loans to small businesses who will be affected by the price hike amounting from P5,000 up to P200,000 which only earns 2.5% which translates to P25/month for every P1,000 borrowed.  READ MORE: Can A Family Of Five Survive With P10K Income In A Month?    How Filipinos Can Get Free Oman Visa?    Do You Know The Effects Of Too Much Bad News To Your Body?    Authorized Travel Agency To Process Temporary Visa Bound to South Korea    Who Can Skip Online Appointment And Use The DFA Courtesy Lane For Passport Processing?
DTI Undersecretary Zenaida Maglaya said that although SRP's are only "suggested" the manufacturers also have a duty to explain why they needed to put P1 or P2 increase on their products.

Maglaya also mentioned that they are offering low-interest loans to small businesses who will be affected by the price hike amounting from P5,000 up to P200,000 which only earns 2.5% which translates to P25/month for every P1,000 borrowed.


To learn how to avail a low-interest loan from DTI click here.