New business applications in Manila up by 42%

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Applications for new businesses in the City of Manila went up by 42 percent despite the economic impact of the COVID-19 pandemic, the city government reported on Thursday, Feb. 11.

Bureau of Permits Director Levi Facundo said 911 new businesses were logged for 2021 during the period of application and renewal of business permits from Jan. 1 to Feb. 7.

He also noted a slight decline in business permit renewals, saying that only 44,526 processed their business permit renewal. Facundo attributed the increase to the city government’s programs that were launched to support local businesses amid the pandemic. “It is very important to keep the wheel moving—economic cycle or business cycle. That’s why we, in the Bureau of Permits, are engaged in programs supporting local businesses to keep the economic cycle moving,” he added.

 

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