CALAMBA CITY, Laguna, March 3 (PNA) –- The Department of Trade and Industry (DTI) office in Calabarzon reported to have the highest number in new business name registrations, overtaking the National Capital Region (NCR), according to Management Services Group Undersecretary Nora K. Terrado of the Department of Trade and Industry (DTI).
This year, DTI-Calabarzon (Region 4A) already recorded the highest number in business name registrations with 8,728 new and 1,392 renewal transactions, or 18 percent and 16 percent respectively of the total registrations.
NCR placed second with 5,453 new registration (12 percent), and 771 renewals (9 percent) while Central Luzon (Region 3) ranked third with 4,175 new registrations (9 percent) and 963 renewal transactions (11 percent).
Terrado noted that this is the first time in the history of DTI’s online business name registration system (BNRS) that the largest number of registration was recorded outside of NCR.
DTI Calabarzon Regional Director Marilou Quinco-Toledo said that Cavite posted the most number of business name registrations (25 percent), followed by Laguna (21 percent), Batangas (19 percent), Rizal (12 percent) and Quezon (8 percent).
Toledo added that the Calabarzon Regional Office through its National Economic Research and Business Action Center (NERBAC-Calabarzon) in Calamba contributed 15 percent of the regional registrations.
On the national scale, there were 29,854 business registrations by females or 54 percent of the total sole proprietorship business name registrations.
Female empowerment was largely felt in Calabarzon with 6,332 registrations (21 percent of total registrations), followed by the National Capital Region with 3,530 registrations (12 percent), and Region 3, with 2,782 or 9 percent.
Terrado noted a more optimistic outlook by women entrepreneurs about the business environment in the countryside as denoted by the increase in number of female business registrants for January this year.
“We are pleased that our goal to equally drive business opportunities in the country’s regions is now being realized,” Terrado said.
DTI will rollout more online initiatives that would integrate “business registration-related processes” across “business registration agencies” to facilitate ease of doing business, promote transparency, curb corruption, and reduce red tape in the bureaucracy, in line with its steadfast drive to promote inclusive growth and boost economic activities in the countryside. (PNA)