Business registrations increase in 2023
The Philippine Star|January 22, 2024
Driven by new business name registrations, businesses registered with the Department of Trade and Industry (DTI) increased by five percent in 2023.
CATHERINE TALAVERA

According to the DTI, it recorded a total of 984,332 business name registrations in 2023, five percent higher than the previous year’s 937,431.

New business registrations at 864,200 accounted for 88 percent of the total. The remaining 12 percent or 120,132 registrations represent business name renewals.

“The majority of the applicants have processed and completed their applications online based on the payment collections received,” the DTI said.

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