CITY OF MALOLOS – The province of Bulacan has registered the highest number of business name registration in Central Luzon in the first six months of this year.
Records at the Department of Trade and Industry (DTI) in Region III shows that Bulacan has 10,022 new business name registrations; Nueva Ecija 6,320; Zambales 3,972; DTI Central Luzon office 3,680; Tarlac 3,650; Pampanga 3,490; Bataan 2,872 and Aurora 734.
The increase in new business name registrations is an indicator of the optimism in establishing new enterprises in the growing economy of Central Luzon, DTI officials noted..
On the other hand, Malolos City Mayor Christian Natividad told the RONDA Balita online that investors and business locators have been eyeing to locate in Bulacan because of its proximity to Metro Manila in the south and Diosdado Macapagal Airport in Clark Pampanga.
The first phase of the Manila –Clark railway system that will run from Manila to Malolos will fast movement of commuters from Manila to Bulacan when completed and with the intensified promotion of Business Process Outsourcing (BPO) to locate in Bulacan, allied economic industries are sure to follow, Natividad noted.
Meanwhile, Warren Serrano, information officer of DTI Region III, said a significant increase in new business name registrations was recorded in Central Luzon in the past six months of 2017.
From January to June 2017, a total of 34,740 new business names were registered throughout the region, as compared to 24,440 new business name registrations in the first semester of 2016 that shows a 42 percent increase in the number of potential business start-ups in Central Luzon, Serrano said.
He added that aside from the new business registrations, there were also 5,384 renewal of business registration in the region from January to June, 2017 while a total of 40,124 business name transactions were processed for the first half of 2017, as compared to a total of 49,982 business name transactions for the year 2016.