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In the recent years, Filipinos has been victims of fake companies offering secured
and low-risk investment that induces investors to make purchase through the basis
of false description leading these people lose billions of pesos. This kind of business
has been widespread in the country making Filipinos prone to these scams and
fraudulent investment schemes. But how come despite the effort of the authority to
warn its people against the risk of being involved to this issue, there is still a lot of
Filipinos fall to believe in this deceptive practice.
With the promise of low risk, high returns policy, the dream of these people came to
ruin as they enter such investment where they surrender certain amount of money
they worked hard for just to lose it in a blink of an eye. One of the major factors of
how this practice came to life is the lack of investment literacy among the people
involved. Numbers of financial advisers and financial literacy advocates consider
this as their mortal enemy in their effort to spread knowledge about financial
awareness.
With these companies famous lines ang 1k mo gagawin nating 10k,ask me how,
and pictures showing rags to riches stories flame the desire and confidence of
these people that their money will give way to bigger amount after a night. Its too
making money in bed. But with these companies promising yet deceitful remarks
dont kill people, they kill dreams and future.
In the effort of the authority and the government to protect its people and to fight
for their right, as written in the Consumer Act of the Philippines (Republic Act No.
7394) where it tackles on how the state could protect the interests of the
consumer, promote his general welfare and to establish standards of conduct for
business and industry. The title 3, Chapter 1 under the Republic Act No.
7394,DECEPTIVE, UNFAIR AND UNCONSCIONABLE SALES ACTS
Sino pa bang di nakakikilala kay Sen. Miriam Santiago? Ang tinaguriang The Iron
Lady ng Pilipinas. Nakatutuwang isipin na ang isang matapang na mambabatas, isa
sa pinakamakapangyarihan at maimpluwensyang babae sa bansa, na isa ring ina at
guro ay siyang pinakakinagigiliwan ng lahat sa Senado. Kilalang matapang,
matalino at walang kinikilingan sa pagpapatupad ng kanyang tungkulin bilang isang
senador, subalit sa kabila ng mga ito ay hindi lingid sa ating kabatiran na si Sen.
Santiago ay isa sa pinakamalapit sa ating puso. Sa kabila ng pagiging isang strikto
at matapang na mambabatas,si Sen.Miriam ay isang manunulat na naglalayong
iparating sa kanyang mambabasa na there is such a thing as FOREVER .. Sa mga
nawawalan ng pag-asa at nalulungkot sa isiping walang forever, wag kayong magaalala sapagkat pinatutunayan ng senador na may forever, STUPID IS FOREVER!
sa kanya: Those who like me, raise your hands,for those who dont, RAISE YOUR
STANDARDS