DELAYED renewal of business permits will be imposed with 25 percent surcharge and 2 percent fine every month, said an official from the city treasurer’s office (CTO).

City Treasurer Katherine Tingzon said that on January 21, Thursday the CTO will be imposing surcharges and penalties on late renewal of business permits.

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The city treasurer's office is calling the attention of all businessmen to renew their permits and licenses before the January 20 deadline.

More than 9,000 businesses are set to renew their permits and licenses while issuance of new business permits is ongoing throughout the year. (Lydia C. Pendon)