The Department of Trade and Industry (DTI) reported an all-time high business name (BN) registration in 2022 at 932,097, surpassing the previous record at 916,164 in 2020. According to the DTI, there were 827,491 new BNs registered this year accounting for 88.8 percent of overall registrations....
Trade and Industry Secretary Ramon M. Lopez has called for a review of processes in closing down a business, saying the difficulty of closing down a business has long been an issue among businesses in the country. Trade and Industry Secretary Ramon M. Lopez “We need to change the process of...
Business name registrations in the first quarter this year already reached 432,962 almost half of the entire 2020 that registered with the Department of Trade and Industry (DTI) as economic challenges forced Filipinos to find innovative ways to earn a living during the pandemic. Trade and...
Business name registration in pandemic year 2020 rose 48.69 percent as economic difficulties drove Filipinos to think of ways to augment income. Data from the Department of Trade and Industry (DTI) showed that business name registration, the first step in starting a single proprietorship business,...