Govt Watchdog Tells Consumer Watchdog To Shape Up
"); jQuery("#212 h3").html("

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "http://newsstatic.rthk.hk/audios/mfile_1393023_1_20180425125750.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'http://news.rthk.hk/rthk/en/component/k2/1393023-20180425.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','http://news.rthk.hk/rthk/en/component/k2/1393023-20180425.htm', 'DCS.dcsqry', '' ); } } }); }); });
2018-04-25 HKT 13:18
The Director of Audit on Wednesday called on officials in the city to step up their efforts to combat unfair trade practices, demanding better enforcement from customs, and a quicker response by the Consumer Council to complaints.
A report by the Audit Director said the Customs and Excise Department is not doing enough to enforce consumer protection laws such as the Trade Descriptions Ordinance, and it needs to speed up its investigations.
The report notes that more than half of the 2,900 or so investigations carried out by the department's Intellectual Property Investigation Bureau between July 2013 and November last year took more than a year to complete.
That was drastically longer than an internal protocol stipulation that urgent cases need to be handled within 24 hours, and low-priority cases within 12 working days.
The report says in one case, the file was only closed after almost four years, warning that such prolonged investigations could lead to more consumers being preyed upon by unscrupulous firms.
The government-spending watchdog also urged the Consumer Council to speed up its follow-up work on complaint cases. It said 16 percent of the body's complaint cases had been left unresolved for three years or more, and the delays severely undermine the interests of the complainants.
SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion
SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more
4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA
The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more
Ripple Launches RLUSD Stablecoin In Japan Through SBI Group
Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more
SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan
SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more
Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences
Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more
European And South Korean Banks Form Project Pangea For FX Settlement
Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more
