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Sari-Sari stores dominate new business-name registrations in 2022 - BusinessWorld Online

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The Department of Trade and Industry (DTI) said Wednesday that it registered 827,491 new business names this year, accounting for 88.8% of new registrations. READ:

A vendor sits in a stall selling products in sachet packaging at a public market in Manila, Philippines, Aug. 1, 2019. — REUTERS

“The business activity of most of the BN registrations, based on the Philippine Standard Industrial Classification, is retail selling inThis was followed by restaurants and mobile food services and real estate with 75,391 and 32,764 registrations, respectively. Trade Secretary Alfredo E. Pascual noted that the rising number of sole proprietors registering their business names is “a positive sign” of recovery from the pandemic.

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Business registrations hit 10-year-high in ’22, SAYS DTIThe Department of Trade and Industry said the number of businesses which registered with them this year is at its highest in a decade, 7.4 percent more than last year’s level and nearing the one million mark. | AldenMonzonINQ /PDI
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