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January 17, 2018
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BACOLOD City – Negros Occidental’s robust economy spurred the creation of more businesses in the province in the past year, according to the Department of Trade and Industry (DTI).
Out of the 10,607 businesses registered in 2017, a total of 9,599 were new registrations while only 1,008 were renewals.
In 2016, listed were 7,562 enterprises, 6,762 of which were newly-registered businesses and 764 were renewals.
Figures showed business registrations increased by about 41 percent in 2017 compared to those listed in 2016.
Engiemar Tupas, senior trade and industry development specialist of DTI-Negros Occidental, noted that as of Friday, the province’s robust economy has led to the creation of more enterprises that has also resulted in more employment.
The economy of Negros Occidental is really doing good as manifested in the many developments, including the construction boom, Tupas added.
He also attributed the increase in enterprises to the establishment of Negosyo Centers, which provide business name registration services.
As of December 2017, the DTI has opened 16 Negosyo Centers in Negros Occidental.
Tupas said registration has been made easier for business owners wherein they can get listed with the nearest Negosyo Center instead of going to Bacolod to register with the provincial DTI office.
He added that the DTI campaign on mobile registration has led to increased awareness among enterprises on the importance of having legal personality in operating their businesses. (PNA)
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