PNoy, DTI unveil quick business name online registration

President Benigno Aquino III and Trade and Industry Secretary Gregory L. Domingo on Tuesday unveiled the quick Electronic Business Name Registration System (eBNRS) at the DTI- National Capital Region Area 3 office on Highway 54. The quick online registration is one of the Aquino administration’s commitments to hasten and simplify the process of doing business in the Philippines, Domingo said. “The new system in effect gives businessmen less hassle in doing business in the country," according to him. “Our aim in automation is to lessen people handling the process and allow technology to hasten transaction. In a way it makes government transaction transparent and prevent corruption in the workplace," the trade and industry chief added. Government is constantly improving its services and breaking down barriers to business to ensure that there will be unhampered flow of services to the public especially to entrepreneurs in the country, he said. Ongoing work at the Philippine Business Registry aims to consolidate business registration into one system including mayor’s permit, Securities and Exchange Commission, Department of Trade and Industry, and other government permits and licenses, according to Domingo. Also, the National Economic Research and Business Assistance Center places under one roof all government agencies giving permit and licenses. “Businessmen need not go around the city in getting licenses. This way they save on time and transport expenses," Domingo said. “This is a concrete example of lessening the cost of doing business in the country," he added. Making the environment friendly to business attracts more capital to local communities, Domingo said. “When businesses are established, the government eventually addresses the employment concerns of its constituents and brings develop to communities," according to him. Present at the unveiling of the enhanced eBNRS were Trade Undersecretary Merly M. Cruz, Trade Assistant Secretary Angel Pelayo-Ty, Trade Management Information Service director-in-charge Ireneo Vizmonte, National Competitive Council head Ambassador Cesar Bautista, Philippine Chamber of Commerce and Industry president Francis Chua, Federation of Chinese Chamber of Commerce and Industry president Alfonso Uy, Makati Business Club president Rizalino Navarro, and International Finance Corp. country director Jesse Ang. — VS, GMANews.TV