Zamboanga Del Sur’s Business Name Registration Raise To 64%

Jan 10, 2018 Social Services

The Department of Trade and Industry (DTI) announced that there was a keen increase in new businesses in 2017 in the province of Zamboanga del Sur.

A remarkable 64% increase on business registration has been recorded in the province of Zamboanga del Sur by the Department of Trade and Industry (DTI) in 2017. This is according to a report made by Philippine News Agency on January 5. According to DTI Provincial Director Maria Socorro Atay, the Business Name Registration (BNR) in 2017 reached 2,962, which is 64 percent higher compared to the 1,812 registered in 2016. 

The factors that contributed to the increase in the BNR of this province last year are the greater economic potential seen in the province; heightened entrepreneurial awareness; full implementation of the Barangay Micro Business Enterprise (BMBE) Law, which grants tax exemption to businesses with less than PhP3 million annual income; implementation of Pondo sa Pagbabago at Pag-asenso or P3 program; and, ease in acquiring permits through the implementation of the Business Permits Licensing System (BPLS) coupled with the accessibility of the Negosyo Centers in growth areas outside in this city.

“A comparative analysis on the number of BNRs processed and issued by the agency clearly shows the economic improvement of the province, further emphasizing its potential as a regional growth center,” Atay said.

This is also a clear manifestation that various businessmen would love to venture their business considering the peace and order of the province since we are declared by the Department of Interior and Local Government as Peaceful and Ready for Further Development last August 12, 2015.

The Provincial Peace and Order Council (PPOC) chaired by Governor Tony Cerilles are also functioning effectively in line with the implementation of security measures, law and order all throughout the province.

Governor Cerilles gave emphasis on the significant improvement in terms of peace and order situation in the province that is one of the priority measures under the Seven Point Agenda of the present administration.