In­crease in new busi­nesses noted

Sun.Star Baguio - - TOPSTORIES -

THE NUM­BER of busi­nesses set­ting up shop in the City of Pines con­tin­u­ous to grow.

City Plan­ning and De­vel­op­ment Of­fice head Eve­lyn Cayat re­ported that in 2015, the city gov­ern­ment ap­proved a to­tal of 18,518 busi­ness per­mits where 11.5 per­cent of these were new reg­is­trants. Over­all, the to­tal num­ber of firms grew by 3.0 per­cent.

Last year, the num­ber of new busi­ness en­trants grew by 40.8 per­cent while that of re­newed busi­ness reg­is­trants de­clined by 1.8 per­cent.

“These sta­tis­tics demon­strate strong busi­ness con­fi­dence as more busi­nesses are es­tab­lished within the city. More busi­nesses mean more in­vest­ments and em­ploy­ment,” she stressed.

Cayat re­vealed new busi­ness es­tab­lish­ments re­lated to real es­tate al­most tripled in 2016 and real prop­erty tax col­lec­tion in­creased by 7.6 per­cent in the same year. Gaby Keith/ Baguio City PIO

Newspapers in English

Newspapers from Philippines

© PressReader. All rights reserved.