regulatory issues (retail of consumer goods)
Do you agree with the following issues? Do you think there are issues and concerns of the industry that we have not identified yet? Please share your opinions and/or personal experience in the comments section provided.
- Suggested Retail Price (SRP) and small profit margin are killing the small supermarkets/convenience stores. (There are a lot of factors to consider in pricing an item. For example, carrot from Benguet versus from another place should be the same)
- Zoning is not implemented in the country unlike in the United States where certain stores and retailers are not allowed open in a specific area. (On the issue that in every some distance there is the same store/retailer.)
- It is more difficult to close a business than to start one. (Everyone is suspicious of your business and why you want to close it down. It is because everybody thinks everyone is cheating.)
- Standards and good practices on regulation are not incorporated in the management system of regulatory agencies.
- Majority of laws are not properly codified. The University of the Philippines (UP) Law Center serves only as a repository of laws but there is no analysis, cross-referencing or indexation of the laws.
- There are differences in the rules being implemented by the Local Government Units versus the Labor Code or the Trade Act.
- Burdensome process on applying for sales promotions or raffles. Retail businesses do not have an option to apply for blanket permits.
- The approval of the mechanism for Bureau of Internal Revenue’s (BIR) Point of Sales (POS) system takes a very long time. Required type of printers will cost businesses about PHP200 million to replace.