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More businesses thrive in Iloilo City

ILOILO CITY (PIA) -- Businesses in Iloilo City are booming as evidenced by the increasing number of business permits issued by the city government here through the Investment Services, Business Permit and Licensing Division (ISBPLD).

Records from the Local Economic Development and Investment Promotions Office (LEDIPO) indicated a total of 18,033 businesses in the metro were issued with business permits as of August 31 this year.

The figure is composed of 2,000 permits for new businesses and 16,033 business permit renewals.

The Investment Services, Business Permit and Licensing Division (ISBPLD) Monitoring Team inspects establishments around the metro as part of the city's campaign against illegal and unregistered businesses operating. (Photo by: ISBPLD)

Further, this exceeded the 17,379 total number of business permits issued for the whole year of 2022 consisting of 2,590 new business permits and 14,789 renewed business permits.

LEDIPO head Velma Lao shared there are 239 more applications for new businesses pending for payment and issuance of business permits this year.

Lao likewise mentioned the factor that led to the increase of businesses here such as the city's good business climate which attracts more investors.

"There are new opportunities to do business in our city. Other factors include the city's mobility and business friendliness. We have also accessible and responsive services and business permitting," Lao added.

Mayor Jerry P. Treñas, for his part, said the surge of businesses in the metro indicates that the local economy is improving amid the challenges brought by COVID-19 since 2020.

The mayor is also optimistic about an even better economy next year, with more jobs available.

Treñas noted  that the off-site payment centers established by the City Government in malls such as in The Atrium, Marymart Mall, Festive Walk and SM City Iloilo also helped a lot as it provided easy, fast and convenient access for those who are applying for renewal and payment of business permits and other payment-related transactions. (AAL/LMLE/PIA Iloilo/Iloilo City PIO)

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Liez'l Marie Lamasan-Ejeda


Region 6

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