By Manila Standard
The Department of Trade and Industry (DTI) said over the weekend it will launch an improved E-Bulletin and E-Presyo platform to better serve consumers through retail price monitoring.
Among the improvements to the platforms are a new feature in the suggested retail prices (SRP) bulletin that will indicate unit cost per sack keeping unit (SKU) and the use of artificial intelligence [AI] in the E-Presyo app, said DTI assistant secretary for consumer protection group Amanda Nograles.
“As soon as manufacturers inform us that the new price updates are already effective in retail outlets, we will launch the release the new SRP bulletin and E-Presyo,” Nograles said.
The DTI and the CPG met with manufacturers on Friday to urge them to be more open to the agency about their concerns and consumer issues and discuss a better way to deal with price adjustments.
The SRP Bulletin will display information on prevailing market prices to allow consumers access to more informed options.
Meanwhile, the E-Presyo app will crowdsource information from manufacturers, retailers and consumers, triggering price monitors to input the prices of the products through AI-powered tech.
Nograles said while the app remains active, the CPG ordered a data clean-up to purge out old data.
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