Author Topic: “No Shortchanging Act” is now a LAW  (Read 360 times)

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RichPoorDad

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“No Shortchanging Act” is now a LAW
« on: August 04, 2016, 03:48:37 PM »
Change has finally come to this proud nation of ours in the form of… exact change, “barya”.

The “No Shortchanging Act” ratified by both the Senate and Congress last June has now lapsed into law on July 21. Marked as Republic Act 10909, the law mandates businesses and establishments — yes, that includes your corner sari-sari store — to give exact or even excess change to customers. Gone will be the days of corner stalls providing you candies and knickknacks in place of actual change! Hopefully.

Senator Paolo Benigno “Bam” Aquino, a major proponent of the bill, earlier said that the act aims to “promote a culture of decency, integrity, and professionalism among Filipino businesses.”

“Naniniwala tayo na madadala at mapakikinabangan ng mga negosyanteng Pilipino ang kasanayang ito kapag lumaki at lumago ang kanilang negosyo,” the senator said.

A P500 fine awaits first-time offenders of the “No Shortchanging Act”. The second offense will incur a P15,000 penalty, along with a three-month suspension of the establishment’s license to operate. Three-peat violators will be slam-dunked with a P25,000 fee and a cancellation of the business’ operating license. Ouch.

As always with these newfangled laws and acts, we’re not quite sure how practical and feasible these are for widespread implementation by the government.

Source: CNN Philippines
« Last Edit: August 04, 2016, 03:54:48 PM by RichPoorDad »

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“No Shortchanging Act” is now a LAW
« on: August 04, 2016, 03:48:37 PM »

Mountain View

BusinessManPH

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Re: “No Shortchanging Act” is now a LAW
« Reply #1 on: August 04, 2016, 03:55:34 PM »
bakit kelangan pa yan e magkano nalang ba halaga ng mga centavos dito sa atin?

Applicable yan sa ibang bansa kasi malaki ang value ng pera nila compared sa atin.

MotherTouch

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Re: “No Shortchanging Act” is now a LAW
« Reply #2 on: August 11, 2016, 08:24:22 AM »
actually totoo yung sinabi ni BusinessManPH. I think kahit wag na nga ibigay ang mga centavos. practical lang ha.

PesoRepublic.com | Your smart guide to money matters and entrepreneurship.

Re: “No Shortchanging Act” is now a LAW
« Reply #2 on: August 11, 2016, 08:24:22 AM »

 

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