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PIA Press Release
2009/06/30

DTI simplifies business registry

By Venus May H. Sarmiento

Dagupan City (30 June) -- The Department of Trade and Industry continues to exert its efforts to simplify business registration for Filipino entrepreneurs.

DTI Consumer Welfare Division Chief Marjury Lorezco, speaking Tuesday at the 'Pantongtongan Tayo' radio program of the Philippine Information over DZMQ Radyo ng Bayan, said the agency is in the process of simplifying all transactions pertaining to businesses.

"We are in the process of reviewing transaction costs and simplifying procedures like securing business permits, looking for signatories and paying the necessary fees," Lorezco said.

Lorezco noted that different municipalities have various requirements from business permit applicants, causing confusion to investors.

"It is our aim to have a standard procedure, requirements and fees in all municipalities according to their income classification. We have started this in some towns and in time, we can achieve this for the entire province," Lorezco explained.

Meanwhile, Business Development Officer-in-Charge Noel Gapuz said that in Pangasinan alone, there are more than 40,000 registered business names in the province. Seventy - percent of these businesses fall under personal business categories like parlors and body hygiene while a big number accounts for sari-sari stores.

Gapuz noted that more Pangasinenses venture into self-employment to combat the global crisis. (PIA-Pangasinan) [top]

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