THE Department of Trade and Industry (DTI) has noted an increase in the number of residents who are going into business.
Carmen Iturralde, DTI acting Aklan head, said this was based on the data they gathered from April to June this year.
People who wanted to open a business are mandated to register their business name at the DTI. This is a prerequisite in getting a business permit with the local government and the Bureau of Internal Revenue.
"Based on our record. Last April, we registered only one new application of business name and three renewal. The month of April is where we experienced lockdown due to Covid-19 pandemic," she said.
In May, the DTI noted 140 new applicants for business name and 32 renewals.
In June, the number soared to 329 new applicants and 63 renewals.
"We believe the numbers may still be higher as we encouraged online applications for business name. We have yet to be notified by the Central Office how many Aklan residents have applied via online system," she said.
Most of those who have applied are into food business, Iturralde said. (SunStar Philippines)