DTI expects sustained economic growth

BALANGA CITY, Bataan – The Department of Trade and Industry (DTI) provincial office here has registered 4,080 business name registrants with P 844.6 million investments and creating 6,062 job opportunities for the residents from January to November, this year.

Ms. Thess E. Magtanong, DTI Bataan Information Officer, said the remarkable rise of 12 percent in business name registrations compared to last year of the same period of 3,652 with P839.8 million capital are in the areas of trading, service, manufacturing and agri-business in the province.


Out of the total 4,080 new and renewal establishments registered, Ms. Magtanong stated  that the trading sector copped 2,157 entrepreneurs garnering the highest rating of 53 percent followed by services  with 1855 of 45 percent and food manufacturing with 68 or 2 percent.


The excellent business atmosphere and good governance are the major contributors which encourage micro, small and medium entrepreneurs from other Central Luzon provinces and from Metro Manila to invest here as the growing market demands for goods and services with favorable economic condition prevailing in the province with the expansion of the Freeport Area of Bataan and Hermosa Ecozone, Ms. Magtanong added.


In a related development Ms. Connie B. Sanico, DTI Bataan consumer protection division chief, stressed the extensive awareness campaign and continuously holding of mobile business name registration in the rural communities reportedly hasten the agro-development in the countryside.


According to Ms. Sanico the mobile business registration scheme is one of the principal thrusts of DTI of bringing the government services to the people without having to go to their provincial office and incurring transport expenses and spending long hours of processing procedure.


The mobile business name registration has created a break for prospective investors to know more about the feasible industries they can engage in with the solid business posture of safe investment, Ms. Sanico added.

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