ABOUT three more months before 2016 ends, the Department of Trade and Industry (DTI) Cebu has exceeded its annual target in the number of business name registrations by 18 percent.
Official data from the local trade agency obtained yesterday showed that there were 11,838 business name registrations from January to September. The figures have overachieved this year’s 10,000 target.
DTI Cebu Business Welfare Division Chief Zaide Bation said most of the single proprietorship enterprises in Cebu are engaged in food and general mechandise.
Out of the 11,838 business name registrations, new businesses account for 10,199 or 86.2 percent, while renewals are at 1,639.
Total capitalization of these businesses stands at P3.39 billion and generates 19,912 jobs.
The same data also showed that there were more female business owners, 6,230 of them, while the remaining 5,608 were male entrepreneurs.
In another development, DTI Cebu has already started monitoring retailers’ compliance on Christmas lights bearing Import Commodity Clearance (ICC) stickers.
ICC stickers are mandatory for importers to ensure customers that their products passed the inspection and test requirements based on Philippine National Standards (PNS).
Bation said DTI employees surveyed four malls in Cebu City last month and have found no violation. In the coming days, the local trade regulation chief said that they will go around malls in the south for another round of inspections.
Bation claimed it is likely that Christmas lights sold in the malls bear ICC stickers, as mall owners have a reputation to protect.
She said those who are found selling substandard Christmas lights will face penalties of P25,000 to P300,000.
“We can also recommend closure and confiscation of uncertifed products after due process,” Bation added.
It was in 2014 when DTI Cebu last confiscated substandard Christmas lights from a few retailers in Cebu City. Over the years, the public has been repeatedly warned of Christmas lights without ICC stickers, which are possibly substandard, that may cause fires due to electrical malfunctions.
Bation said regular Christmas lights are normally priced P150 or higher.
“If barato kay posible it did not undergo tests (and are substandard),” the DTI official warned.
By November and December, Bation said DTI Cebu will begin closely monitoring small-scale retailers to make sure they are not selling substandard Christmas lights.