Planning and Management of Traditional Markets, Shopping Centers, and Modern Shops

The much-awaited Presidential Regulation on traditional markets, shopping centers, and modern shops has finally been issued. The Regulation, No. 112 of 2007, was issued on27 December 2007and came into immediate force. The Regulation recognizes the explosive growth of small, medium, and large scale retail operations and the likelihood that this growth will overwhelm the competitiveness of traditional markets sooner rather than later and significantly reduce the shopping choices currently enjoyed by consumers.