Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

DENR seizes P3.6-M counterfeit chainsaws

DENR seizes P3.6-M counterfeit chainsaws – BusinessWorld Online


      
      
      
      
      








DENR.GOV.PH

The Department of Environment and Natural Resources (DENR) on Tuesday seized 241 pieces of illegally imported counterfeit chainsaws worth P3.6 million in a buy-bust operation in Valenzuela City. 

The industrial firm, which sells construction materials, violated a 2002 law prohibiting the sale, distribution, or possession of chainsaws without the necessary permits, the DENR said in a statement on Wednesday. 

“The operation took place at a Valenzuela warehouse where the chainsaws were being unloaded in preparation for sale,” the agency said. 

The haul included 154 large chainsaws priced at P 16,000 each and 87 medium chainsaws priced at P 13,000 each. 

“This operation sends a strong signal that this administration is serious about enforcement of environmental laws.” — Kyle Aristophere T. Atienza

CEDTyClea





    You May Also Like

    Stock Markets

    BW FILE PHOTO By Revin Mikhael D. Ochave, Reporter THE RECENTLY ANNOUNCED move of the Philippine Stock Exchange (PSE) to lower the minimum public...

    Finance

    The Hollywood owners of Wrexham AFC, Ryan Reynolds and Rob McElhenney, are on the hunt for new investors as they continue their ambitious push...

    Finance

    The UK’s life sciences sector is falling behind international competitors, missing out on an estimated £15 billion a year over the past decade due...

    Finance

    Uber has announced the nationwide expansion of its pioneering childcare support scheme, offering more than 100,000 drivers across the UK access to free, flexible...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.