Trade Secretary to launch Philippine Business Registry in Cebu

By Juju Manubag-Empuerto

Thursday 15th of March 2012

CEBU CITY, March 15 (PIA) -- The Department of Trade & Industry (DTI) in Central Visayas will launch on March 20 the Philippine Business Registry (PBR), a web-based business registration system that will allow entrepreneurs to start their businesses fast and more cost-friendly for them.

The launching will be at the National Economic Research and Business Assistance Center (NERBAC) at 12:30 p.m and will be witnessed by Trade Secretary Gregory Dominggo.

DTI-7 Director Asteria Caberte announced the PBR launch during the Kapihan sa PIA held recently at its Tindahang Pinoy in Bridges Town Square, Mandaue City.

Caberte said PBR is one of the government’s priority projects under the auspices of DTI that focuses on streamlining business registration process and eliminating red tape.

Caberte added that DTI-7 will start with the PBR system. Other government agencies like Securities Exchange Commission (SEC), Bureau of Internal Revenue (BIR), Home Development Mutual Fund (HDMF), Philippine Health Insurance Corp (PHIC), Social Security System (SSS) will follow suit in the linking.

PBR serves as a one-stop-shop for entrepreneurs who want to start operating a business.They need no longer go to several agencies physically as they will now be interlinked through the PBR.

Caberte also bared that the PBR has a business registration facility where clients can search if the business name they will use has been registered or not so as to avoid legal problems in the future.

Entreprenuers may apply from the auspices of their homes and offices through their computers.

Caberte advised those who don’t have any access to the internet may use the PBR kiosk located at the nearest DTI provincial office and/ or may ask the assistance of DTI personnel at these offices in the filling-up of the information in their behalf.

Application through a DTI teller will involve submission of a filled up application form which can be downloaded from the website.

With fewer steps and faster process, PBR will be able to strengthen the government’s effort of providing quality service to the people and realize its commitment to curb corruption and reduce red tape in the bureaucracy.

Through the PBR, the country will become more attractive to investors and improve the Philippines’ overall ranking in global competitiveness. (FCR/JSME/PIA-Cebu)