At an eye-opening Public Forum themed ‘Transforming The Entrepreneurial Landscape’ at the SGV Hall of AIM Conference Center in the Philippines , QNET Philippines received a prestigious Certificate of Membership from the Direct Selling Association of the Philippines (DSAP).
The certificate was awarded in recognition of QNET’s compliance with the direct selling industry’s regulations and requirements.
The DSAP Public Forum was attended by direct selling experts, representatives from the Department of Trade and Industry (DTI) and the National Bureau of Investigation (NBI), along with many legitimate Direct Selling Companies including QNET.
The Public Forum discussed at length about a myriad of topics including actions of the NBI to address Ponzi schemes and illegal pyramid schemes, unethical practices in Direct Selling and issues about corruption in government and private sectors.
The highlight
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Direct Sales On The Rise In Philippines
by Ramya Chandrasekaran • • 0 Comments
Direct selling businesses in the country are growing significantly and remain one of the top alternative sources of income especially among women, according to Sophie Paris Philippines.
Jomel Diaz, Sophie Paris sales manager for Northern Luzon and Visayas, said that compared with the previous years, Filipinos are now aware of how a direct selling business works and how the business can help them augment their income.
“Ten years ago, direct selling companies had difficulty engaging people to join but with the expansion of the industry over the years, coupled with the testimonies of successful people in the industry, this business model has gained traction and has attracted more people to get involved,” said Diaz.
A direct selling business, according to the Direct Selling Association of the Philippines (DSAP), is “a business model that offers entrepreneurial
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Philippines Task force Uncovers 43 Suspected Ponzi firms
by Ramya Chandrasekaran • • 0 Comments
The Philippines Anti-Investment Scam Task Force, a multi-agency body composed of representatives from the Securities and Exchange Commission, Department of Trade and Industry, National Bureau of Investigation and the Criminal Investigation and Detection Group, has discovered that at least 43 companies in the Cordillera region have used Ponzi schemes in luring victims to invest millions of pesos over the past several years.
SEC director for Baguio lawyer Annie Gonzales Tesoro said that 12 of the companies were registered with the commission as engaged in trading. The rest are listed with the Department of Trade and Industry; the rest are not registered at all.
The task force has filed 19 multiple estafa charges against Three Angels General Merchandise manager Sukil-ap Pagaduan following complaints that the company collected P2 million from its investors and then closed