Tue, 18 May 2021

Business confidence in CL continues to surge in 2021

Philippine Information Agency
19 Apr 2021, 22:38 GMT+10

CITY OF SAN FERNANDO, Pampanga, April 19 (PIA) -- Business confidence in Central Luzon continues to surge as Department of Trade and Industry (DTI) reported a total of 29,619 Business Name Registrations (BNRs) from January to March 2021.

"Despite the ongoing pandemic, businesses and investors in the region continue to show optimism and dynamism with this upward trend. The figure we have now is 6.6 percent higher compared to the 27,773 BNR processes in the same quarter last year," DTI OIC-Regional Director Leonila Baluyut said.

Of the 29,619 BNRs tallied, 26,012 are new business name registrations while only 3,607 are renewals.

Among the provinces in the region, Bulacan registered the most number of business names with 6,832. This was followed by Pampanga with 5,051 registrations; Nueva Ecija- 4,662; Bataan- 4,235 ; Tarlac- 3,972; Zambales- 3,614; and Aurora- 1,253.

These BNRs, according to DTI, are expected to generate a total of PhP5.75 billion in local investments and translates to 49,638 new jobs in Central Luzon.

"The sound economic fundamentals of the regional economy have helped it cope with the limitations brought by the COVID-19 pandemic," Baluyut said.

Meanwhile, to ensure their safety against the virus, she urged entrepreneurs to register their businesses through DTI's Online BNR System. This can be accessed online thru https://bnrs.dti.gov.ph.

Baluyut added that a helpdesk is also available for inquiries at https://bnrshelpdesk@dti.gov.ph.

Payment of registration can also be done online through GCash, Paymaya, LandBank's LinkBizPortal for those with LandBank accounts, and through credit or debit cards. (CLJD/MJSC-PIA 3)

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