AMID renewed observations that the Philippines is one of the countries where it's hardest—and costliest—to do business in, the Department of Trade and Industry (DTI) has stepped up its drive to cut down on bureaucratic red tape and business start-up costs. The applicant's picture in the application for business name became the first casualty of the campaign.
Trade Secretary Peter B. Favila announced Monday that effective next month, all DTI offices nationwide will no longer require the submission of the applicant's picture.
Favila said this was a result of the review he ordered on transactions within the department to determine which processes and requirements can be done away with.
"We need to speed up the transaction time in the department and lessen the cost of doing business," Favila, who also heads the Anti-Red Tape Task Force, said.
As small as it may seem, Favila said it is a signal that the government is moving to reduce the time and money spent by businessmen in government transactions.
Through this initiative, Favila said the government hopes to increase the competitiveness of the country and convince more entrepreneurs to engage in small business.
Also, Favila said the DTI extended the transaction time for business name (BN) registration applications and put up more registration venues to accommodate more applicants. Transaction time at the BN section of the DTI office in Makati will henceforth be from 7:30 a.m. to 5 p.m. without noon breaks.
BN applications for Metro Manila-based firms may also be filed at SM Megamall, North Edsa and Southmall and at the city halls of Manila, Quezon City and Valenzuela Mondays to Fridays.
Trade Undersecretary for Consumer Welfare Zenaida Cuison Maglaya said faster processing time for BN applications can encourage more entrepreneurs to register, thus limiting the proliferation of fly-by-night businesses while providing better protection to consumers against unfair trade practices. M. V. de Leon
Business World
October 24, 2006
http://www.businessmirror.com.ph/sfp04.php
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