The President of Fiji Retailers Association said that the Association is greatly concerned that some business houses are imposing high mark ups on goods and services.
Himmat Lodhia said that a lot of business houses do follow the rules however because of one or two unscrupulous businesses practices, other businesses are also blamed.
He added that there are a lot of competitive businesses around in the market now.
Commodore Voreqe Bainimarama had raised concern last week about some business houses in Fiji choosing to impose excessive mark-ups in the price of some goods and services.
He said the practice becomes even more unconscionable when Government has reduced or zero-rated duty to make goods more affordable for ordinary Fijians and certain business houses that import these goods do not reduce prices accordingly.
He said such businesses reap huge profits at the expense of Government and the consumers.
Bainimarama said that the government is watching these businesses closely and will take the necessary action to remedy this greed.
Story by: Sneh Chaudhry
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Concerns raised over high mark up prices
