Senate panel OKs DTI’s P10.6-B budget for 2025 in under an hour | ABS-CBN
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Senate panel OKs DTI’s P10.6-B budget for 2025 in under an hour
Senate panel OKs DTI’s P10.6-B budget for 2025 in under an hour
MANILA — The Department of Trade and Industry’s proposed P10.6-billion budget for 2025 has been approved on the committee level in the Senate in under hour on Tuesday.
MANILA — The Department of Trade and Industry’s proposed P10.6-billion budget for 2025 has been approved on the committee level in the Senate in under hour on Tuesday.
Of the DTI’s P10.6-billion proposed fund, P6.4 billion is allocated to sustain the operations and programs of the Office of the Secretary, Assistant Secretary Kristian Ablan told the Senate Finance Committee.
Of the DTI’s P10.6-billion proposed fund, P6.4 billion is allocated to sustain the operations and programs of the Office of the Secretary, Assistant Secretary Kristian Ablan told the Senate Finance Committee.
Nearly P2 billion will be used for its attached corporations particularly the Aurora Pacific and Economic Zone Authority (APECO), the Center for International Trade Expositions and Missions (CITEM), and the Small Business Corporation (SBC), he said.
Nearly P2 billion will be used for its attached corporations particularly the Aurora Pacific and Economic Zone Authority (APECO), the Center for International Trade Expositions and Missions (CITEM), and the Small Business Corporation (SBC), he said.
“The DTI has a 91 percent budget utilization for 2023… and as of June 30 [2024], we are already at 79 percent [utilization],” he said.
“The DTI has a 91 percent budget utilization for 2023… and as of June 30 [2024], we are already at 79 percent [utilization],” he said.
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“With our catch up plans, we will be able to utilize the budget that the Senate and the House has given us first the fiscal year 2024,” he said.
“With our catch up plans, we will be able to utilize the budget that the Senate and the House has given us first the fiscal year 2024,” he said.
The DTI hopes to secure funding for the implementation of the Internet Transactions Act, said Mary Jean Pacheco, DTI’s undersecretary for e-commerce.
The DTI hopes to secure funding for the implementation of the Internet Transactions Act, said Mary Jean Pacheco, DTI’s undersecretary for e-commerce.
FUNDING FOR E-COMMERCE BUREAU
The agency has requested for a P347.4 million budget to establish the E-Commerce Bureau, she said.
The agency has requested for a P347.4 million budget to establish the E-Commerce Bureau, she said.
“This would fund specific provisions in the law necessarily relative to the development of systems, and for the consumer complaints this would be very helpful,” she said.
“This would fund specific provisions in the law necessarily relative to the development of systems, and for the consumer complaints this would be very helpful,” she said.
The fund will also be used to hire 80 staff members for the E-Commerce Bureau, she said.
The fund will also be used to hire 80 staff members for the E-Commerce Bureau, she said.
Sen. Mark Villar, who authored the Internet Transactions Act (ITA), said he would help the DTI’s secure funding for its E-Commerce Bureau.
Sen. Mark Villar, who authored the Internet Transactions Act (ITA), said he would help the DTI’s secure funding for its E-Commerce Bureau.
“Alam naman natin na napakahalaga ng ITA dahil halos lahat ng transactions ngayon ay ginagawa online,” Villar said.
“Alam naman natin na napakahalaga ng ITA dahil halos lahat ng transactions ngayon ay ginagawa online,” Villar said.
(We all know how important the ITA is because virtually all transactions now are done online)
(We all know how important the ITA is because virtually all transactions now are done online)
“Tutulong kami sa budget pero sana i-fast track ninyo yung implementation para ma-protreksyunan natin ang consumers,” he said,
“Tutulong kami sa budget pero sana i-fast track ninyo yung implementation para ma-protreksyunan natin ang consumers,” he said,
(We will help with the budget to fast-track implementation so you can protect consumers)
(We will help with the budget to fast-track implementation so you can protect consumers)
Villar also urged the DTI to require online platforms to disclose the information of sellers, saying that would be "critical" to making the internet economy safer for consumers.
Villar also urged the DTI to require online platforms to disclose the information of sellers, saying that would be "critical" to making the internet economy safer for consumers.
“Kailangan talaga natin protektahan yung mga consumers na bumibili online… Kailangan natin magkaroon ng database ng mga sellers,” he said.
“Kailangan talaga natin protektahan yung mga consumers na bumibili online… Kailangan natin magkaroon ng database ng mga sellers,” he said.
(We really need to protect consumers who are buying things online... We need a database of sellers)
(We really need to protect consumers who are buying things online... We need a database of sellers)
The DTI said it is working to “populate” its current system through a “data mining project.”
The DTI said it is working to “populate” its current system through a “data mining project.”
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