Biz Owners In Danao City Will Lose Their Licenses If Caught Overpricing Products
Officials in the city of DANAO have warned traders and business owners that they could have their business licenses withdrawn if caught overvaluing their essentials.
If that happened, they would no longer be able to do business in the city.
The Danao City Government has announced that its Price Coordination Council is monitoring and carrying out surprise inspections at all supermarkets, grocery stores, gas stations, water filling stations and even wet markets in the city to fight against excessive prices following the crisis caused by Typhoon Odette (RaÃ¯).
Members of the board as well as officials from the Department of Trade and Industry (DTI) have visited these establishments to check the prices of the goods they sell.
The group found that some have raised the price of water at water filling stations and that some of those who sell ice have also raised the prices.
Officials in Danao town are also urging residents to report to them if they know of any shops or traders engaging in unscrupulous practices.
âEveryone is encouraged to help the local government punish abusive and abusive sellers by reporting it to the Business Permit and Licensing Office,â local officials said.
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