Business bureau registers hike in permit renewals-A A +A
Wednesday, March 21, 2012
THE Business Bureau in Davao City issued a total of 22,474 business permits with logos for micro, small, and medium enterprises as of January this year.
Business Bureau head lawyer Tristan Dwight Domingo, speaking at Wednesday's Club 888 forum at Marco Polo Hotel Davao, also said they noted an increase in the number of new business applications and permit renewals issued, although he couldn't give the exact figures yet.
He said of the 31, 278 registered business establishments last year, 29,120 filed for the renewal of the business permits. Of the total, only 77.11 percent were already issued with business permits with a logo.
Domingo said only 32 percent has not yet received the logos, adding that establishments without permit cannot be allowed to operate.
"Naay uban nga nag-file og renewal pero wala na namalik (Some filed for the renewal but did not return," he said.
Domingo also clarified that four of its printers amounting to P300,000 were damaged, causing the delay of the issuance of the business permits.
The Business Bureau had to buy another six to regain its normal daily operation.
"Dako gyud og factor ang pagkaguba sa mga printers sa delay (The damaged printers were really a factor for the delay)," Domingo said, adding that those also who failed to complete the necessary documents upon the renewal were said to have contributed to the delay.
However, he said the owners of the businesses had longer duration to file for the renewal even before the printers crashed in the middle of February.
Domingo also said the renewal period was extended until the month of April.
As of Wednesday, the bureau's records showed a total of 2,474 new business establishments, of which 1,514 business permits were already issued.
Meanwhile, for 2011, the bureau recorded a total 32,562 micro businesses with a total capitalization of P10.8 billion, 1,585 small businesses with a total capitalization of P10.5 billion, and 340 medium businesses with a total capitalization of P11.3 billion and 79 large businesses with a total capitalization of P155.4 billion.
He said they recorded a total capitalization of P184 billion for 2011, with an increase of P1 billion from 2010's P183 billion.
Published in the Sun.Star Davao newspaper on March 22, 2012.