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

PHILIPPINE STAR/EHDA M. DAGOOC CEBU-BASED fuel retailer Top Line Business Development Corp. (Topline) has set its initial public offering (IPO) price at 31 centavos...

Stock Markets

DE LA SALLE Lady Spikers vs Ateneo Blue Eagles — UAAP/JOAQUI FLORES Games on Wednesday(Filoil EcoOil Centre)9 a.m. – La Salle vs Ateneo (men)11...

Stock Markets

BW FILE PHOTO THE GOVERNMENT made a full award of the Treasury bonds (T-bonds) it offered on Tuesday at a higher average rate amid...

Stock Markets

Fishermen took advantage of the warm weather on Sunday in Noveleta Cavite to dry fish for sale in the market. — PHILIPPINE STAR/RYAN BALDEMOR...

Exit mobile version