Tuesday July 17, 2018

Food biz, laundry shops booming in city

FOOD businesses and laundry shops are the current trends in new business registration in Davao City this year, much different compared to the previous years when the trend was on new business process outsourcing (BPO) company registration.

Department of Trade and Industry (DTI) Davao Region Section Chief for Business Registration, Licensing, and Accreditation engineer Ruel Braña said this increase in food business ventures in the city can be attributed to the tourism promotional efforts of the city, specifically the tagline "Davao Life is Here", the current security, and the leadership of the city officials. He added more and more people find it more convenient to just dine out before heading home from work.

As their office is into business name registration only, they still suggest to the applicants to make sure that their restaurants or food establishments have enough parking spaces as this is one of the things customers are looking into aside from the food itself.

Aside from the food businesses, laundry shops are also becoming a hit in the city especially the do-it-yourself laundry shops with much more affordable per-kilo prices.

"The patronage of people (of laundry shops) was not as strong as before compared to the patronage now. It could be because of how the owners had leveled up their business as well. Others put it in malls," Braña said.

He added their office had observed how there was decline in new business name registration applications for BPO companies. He suggested this could be because of stricter policies for online BPO business registrations now.

Braña also said they observed decline in manpower services-related business. This could probably be because of stricter provisions of the Department of Labor and Employment (Dole), he said.

Lending company busines name registration has also declined. Braña said this could be caused by the released memorandum circular by the Securities and Exchange Commission (SEC) wherein lending companies should have at least P1 million worth of capitalization, not anymore a single proprietorship, and to be SEC-registered already.