THE trend in conducting business in Central Luzon remained in good standing despite the effects of the Covid-19 pandemic, the Department of Trade and Industry (DTI) in Central Luzon reported.
DTI-Central Luzon Industry Development Division said compared to the past year, the total number of business name (BN) registrations in Central Luzon for 2020 were at 66,734.
This was amid the total lockdown implemented in the whole region from March to May 2020, which affected most businesses.
Out of the seven provinces, Bulacan continued to have the most number of business name registrations with 16,127, followed by Pampanga with 14,549, while Nueva Ecija had a total of 10,830.
DTI-Tarlac processed a total of 8,173 BN registrations while Zambales had 8,081 and Bataan had 6,787. Aurora had a total of 2,187 business name registrations for 2020.
DTI-Central Luzon Director Judith P. Angeles said that the significant number of business name registrations in 2020 despite the pandemic and quarantine limitations indicate good business confidence.
She added that the business registrations are expected to add a total of P13.29 billion in local investments in the seven provinces of Central Luzon.
She also emphasized that these investments will translate to more than 116,000 jobs for residents of Central Luzon.