Only El Corte Inglés and the consortium Imcard-Mediafone submitted bids for $2.3 million and $1.7 million, respectively, in the competition for awarding number portability in the country.
Although initially more companies had shown interest in the tender, the General Superintendence of Electricity and Telecommunications received only the two aforementioned offers. It is expected that during this month the contract for administration of number portability will be awarded.
Of the 703 products surveyed by the Consumer Ombudsman in El Salvador 75% do not meet the standards set by the law.
This was announced by the chief of the institution, Yanci Urbina, during the first national Codex Alimentarius congress. Some 3,123 products were submitted to analysis, 457 were submitted for safety and 69% breached at least one technical standard or standard under the Consumer Protection Act. Furthermore, with regards to net content, 85% of the 1,963 did not complying with the standards.
The Salvadoran Superintendence of Competition has fined the company $75 thousand for not giving complete information and not including VAT on the unit selling price of gas cylinders.
"... TROPIGAS committed an administrative offense defined in article 38 paragraph 6 of the Competition Act, having provided in an inexact manner the information required in the process of preliminary proceedings initiated in May 2011 in the gas market," reported Elsalvador.com article.
A study by a Salvadoran consumer rights organization found that most store cards charge annual interest rates of between 36% and 91%.
El Salvador's Credit Card Law, approved last November by the Legislative Assembly, regulates transactions made using credit cards. However, cards offered by shops and stores that use a contract as confirmation of the agreement fall outside this law.
The Consumer Advocate will publish a list of recipients of bank refunds next week.
HSBC Bank had charged interest to users who made their loan payments in advance. In the face of this situation, the Office of the Public Defender sanctioned the bank with the sum of $900 thousand, $451,357.78 of which will be returned to 202 users, and the rest must be paid as a fine.
At least six products in the basic food basket have the highest prices in Central America.
This was revealed by a study presented today by the Consumer Protection agency.
According to a survey of prices carried out in Central America, the agency detected that basic goods such as milk, chicken, beans, flour, white rice, sugar, etc. and others sold at supermarkets, have the highest prices in Honduras and El Salvador compared to the rest of the countries in the region.
El Salvador's Defender of Consumers announced that banks and credit card issuers that have been charging unfair rates have promised to correct their irregularities.
Evelyn Jacir de Lovo, who was commissioned by the Defender of Consumers, said, "The reply we received was very positive. We are pleased to say that their position has been to tell us that, beyond the legal battle, they want to respond to the people if they have committed an error and make reimbursements if necessary."
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