They will also be profiling rice retailers and looking into their registration, business permit, purchase order, and official receipts. This is for retailers who have already bought their stocks at a higher price and will suffer significant losses because of the sudden price drop.
Once they compute everything and confirm that the retailer will indeed be suffering losses, the DTI proposed that they offer them financial assistance equivalent to the amount lost in order to help the retailer break even.
There were also discussions surrounding forgoing this month’s rent on their space in public markets in order to take one thing off retailers’ minds as they go through this transition. However, this course of action is yet to be discussed with the Dapitan LGU.
Nearing the end of the meeting, a motion was raised to include the City Social Welfare and Development Office in the LPCC which was immediately approved by the body.
The council is also set to have a meeting with the rice millers and retailers in the following week along with the Local Government Unit of Dapitan City after the highly anticipated International Ironman 5150 Triathlon to be held on September 10 this year.
In the meantime, the city has committed to disseminating the information regarding the executive order in order to ensure its compliance before strict enforcements are held. (RVC/PJF/PIA9-Zamboanga del Norte)