Southern Leyte is currently blessed with newly opened branches of popular stores from Cebu such as the Metro Hi-Per in Maasin City which is a branch of Gaisano Metro, Gaisano Capital Sogod in the town of Sogod which is a Gaisano Capital store, and the Prince Maasin in Maasin City which is owned by Prince Warehouse.
The coming of these stores here in Southern Leyte proves that the province’s local economy is currently on its incline. Besides, it also means that the province is now out of the hands of those people who monopolized the province and is already opened for business competition.
Previously, I noticed that this province was monopolized by the politicians controlling the province or its municipalities. I even heard of accounts from those businessmen who tried to open a business in a particular town of the province but then their applications for the business permit were denied just because their businesses were in direct competition with the companies of the family members of the politicians controlling that town.
Last April 2011, I also learned that some owners of the old stores in Maasin City talked the officials of the city and aired their complaints against the opening of the Prince Maasin and the Metro Hiper. They said that these stores (Gaisano’s and Prince’s) are threats to their businesses. For them, the coming of these kind of establishments might led to the closure of their businesses because the buyers will not flock to their stores anymore instead they will be going to that newly opened big stores.
A city’s SP member, however, argued that the coming of these stores in the city promotes competition. And business competition is a great advantage to the consumers. However, the competition does not mean that it would kill the locals’ businesses. But it is true that the local businessmen’s income might be affected especially if they will not compete with the new comers in terms of prices and comfortability.
In other words, local businessmen need to upgrade their stores to make them comfortable for the buyers and then they should lower the goods’ prices to compete with the new and big stores.
Besides, they have nothing to worry about because the establishing of these branches of popular stores in Cebu will drive more people to the city. So everyone in the city will benefit the advantages and the positive effects of the establishment of these kinds of stores.