Over 22,000 business names approved and renewed in Western Visayas in 2015

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ILOILO CITY, Jan. 29 (PNA) -- The rapid infrastructure developments in Region 6 have spurred a conducive economic environment and opportunity to entrepreneurs as manifested by last year’s data on business name renewal and registration.

Data from Trade Development Division (TDD) of the Department of Trade and Industry (DTI)-6 disclosed 19,267 new applications for business name registration in 2015.

Aside from this, renewal of business name registration increased from 2,786 in 2014 to 2,968 in 2015, or an increase of roughly seven percent.

DTI-6 TDD Chief Felisa Judith Degala said that the result could be perceived that the public is confident of the economic condition in the region and the continuous effort to provide an enabling environment for entrepreneurs “that is why many engaged and ventured into business.”

Other contributing factors considered for the vibrant economic environment in the region are the establishment of Negosyo Centers, and the conduct of business consultations and entrepreneurship seminars conducted by the DTI, she added.

DTI-6 OIC-Regional Director Rebecca M. Rascon said that a DTI-registered business entity could easily avail of the services and programs of the government and is protected by law because it has a legal identity and ensures that consumers are protected, among others.