By EJ Dominic Fernandez
The Davao Business Bureau expects 8,000 new business registrations by the end of 2013.
As of today, there were 1,720 new business applications for the first quarter of 2013, of which 1,293 have been approved, according to Business Bureau chief, lawyer Dwight Domingo in the iSpeak forum at the city hall yesterday.
“Usually, there are only 4,000 to 6,000 new business registrations by the enf of every year, but if the trend continues, hopefully, we will hit 8,000 new business registrations at the end of this year,” he said.
Curiously, there were more new business applications in the first quarter of 2012 compared to this year.
“Last year, if a person inquired about business permits and the office was able to entertain that person, we considered it as an application,” Domingo said.
“However, since July of last year, all requirements must be complied with before we consider it as an application, which is why there are fewer applications accounted for in the first quarter of this year,” he said.
He was not able to give the exact number of new business registrations for the first quarter of last year, but according to Domingo’s own observation, considering the changes in the guidelines, there are more new official business registrations this year.
The bulk of the new businesses registered are stores capitalized at less than P2 million while property development and housing development are most of the new businesses registered by big players, according to Domingo.
