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News and Events

Your Business Can be SEC-Compliant in One Day with New Registration Process

The Lane for Express Application was launched early this month

Business owners may have one less task to worry about to become government compliant.Early this month, the Securities and Exchange Commission launched a simplified online application process for those registering non-specialized corporations, allowing their applications to be approved in one day.The Lane ...

by Elyssa Christine Lopez for Esquire Philippines and Sasha Lim Uy for  | March 22, 2019 08:00:00
News and Events

Coming Soon: A Single Number for Your Business' SEC, SSS, BIR and Other Registrations

DTI's Project One hopes to promote the ease of doing business in the Philippines by streamlining the registration process

In a panel moderated by RJ Ledesma (left) at DigiCon 2018, Denise Haak (center) and Guillermo Luz (right) discussed the Philippine Business Number, which is part of the DTI's Project One initiativeLast May, President Rodrigo Duterte signed into law Republic Act No. ...

by Lorenzo Kyle Subido  | October 10, 2018 10:00:00
News and Events

Want to Form a Company But Have No Business Partners? Senate OKs Bill Allowing One-Person Corporation

Upper legislative body approves amendments to the 1980 Corporation Code on third and final reading

The Senate approved Senate Bill No. 1280 on third and final reading on August 7, Tuesday that amends Batas Pambansa Bilang 68, the Corporation Code of the Philippines that was passed back in 1980.Authored and sponsored by Senate Minority Leader Franklin M. ...

by Pauline Macaraeg  | August 09, 2018 04:00:00
News and Events

Believe It or Not: New Law Sets 3 to 5 Days for Gov’t to Process Simple Transactions, 7 to 10 Days for Complex Ones

Applications are deemed approved if the government fails to act within the prescribed period

For years, business owners have been complaining of the difficulties of starting and operating a business in the Philippines as they have to hop from one government office to another and endure long wait times to secure the necessary licenses and permits.Not ...

by Cherrie Regalado  | June 06, 2018 09:00:00
News and Events

Coming Soon: An Online Payment Gateway for Gov’t Transactions

The Department of Finance is preparing to roll out PHPay, which aims to improve ease of doing business

The Department of Finance (DOF) has announced that it will soon roll out PHPay, an online payment system that will facilitate digital transactions across various government agencies.“[It] will cover the development of a payment gateway and a payment ledgering management system for ...

by Lorenzo Kyle Subido  | April 04, 2018 04:00:00
News and Events

This App Helps Investors Check the Status of Their Pending Transactions with Gov’t Agencies

Users get email or SMS on what designated account officers are doing to address their concerns

The Board of Investments (BOI), the government’s main investment promotion agency, has launched an online and mobile app that could help local and foreign investors get quick feedback on questions or concerns regarding pending transactions with various government agencies. This is part ...

by Elyssa Christine Lopez  | March 21, 2018 12:00:00
News and Events

PH is 2nd Least Startup-Friendly Country in Asia-Pacific, Says Report

ValuePenguin ranks 12 Asian countries based on how welcoming the market and economic conditions are to startups

The Philippines ranked 11th among the 12 largest economies in Asia-Pacific as the best location for startups, according to a study by financial market analyst ValuePenguin. This made the country the second least appealing for startup companies, next only to communist Vietnam.Using ...

by Lorenzo Kyle Subido  | March 20, 2018 10:00:00
News and Events

You Can Now Get Your Business Permit in One Hour in Quezon City

LGU opens one-stop shops for processing business and construction permits

Entrepreneurs in Quezon City can now register their businesses in just one hour through the one-stop shop launched by the Quezon City government, the National Competitiveness Council (NCC) said on Friday, March 9.Through the Business One-Stop Shop (BOSS), the QC Business Permit ...

by Pauline Macaraeg  | March 16, 2018 09:00:00
News and Events

Free Lunch and Umbrellas: Some Cities are Offering Perks to Business Owners Who Renew Permits and Pay Local Taxes Early

Are the amenities enough to offset the time-consuming process of dealing with city hall?

Along with real property taxes, more commonly known as amilyar in the Philippines, local business taxes and fees for the issuance of business permits are the most important sources of revenue for many cities and towns in the country. Both are usually ...

by Pauline Macaraeg  | January 10, 2018 07:00:00
News and Events

PH Cities Lead the Way in Online Business Registration and Payments

Internet applications for business permits and renewals are now available in a few LGUs

At the 5th Annual Regional Competitiveness Summit and Awards Ceremony last August 16, local government units (LGUs) were urged to take government services online, including issuance of business licenses and permits, as well as payments for these services.The National Competitiveness Council (NCC), ...

by Pauline Macaraeg  | September 04, 2017 10:00:00
News and Events

PH Businesses Waste Over 1 Million Days a Year on Business Registrations

Study recommends government should adopt mobile platform to oversee enterprises

Philippine entrepreneurs frequently complain how hard it is to register their businesses. But the problem is also detrimental to the national economy, according to a recent study.The study conducted by a New Zealand government unit revealed that the Philippines is wasting over ...

by Lorenzo Kyle Subido  | June 30, 2017 11:00:00
News and Events

Aquino admin failed to fight corruption in 2016 ”" SWS business survey

The former president gets low anti-corruption marks, but satisfactory in promoting business

 A business survey that had rated the previous Aquino administration with high marks in the fight against corruption noted a drop in the past administration’s efforts this year.Businessmen who participated in the Social Weather Station‘s recent 2016 Survey of Enterprises on Corruption ...

by Joseph Nacino  | October 07, 2016 05:00:00
News and Events

Set up business in 2 days ”" government promises

All local government units mandated to comply

 Entrepreneurs will soon be able to acquire a business permit in less than two days, in a bid to address the administration’s heed to streamline business processes.The Departments of Trade and Industry (DTI), Interior and Local Government (DILG) and Information and Communication ...

by Elyssa Christine Lopez  | August 30, 2016 06:00:00