MANILA, Philippines – In his first State of the Nation Address in 2010, President Benigno Aquino III made a promise to businessmen and entrepreneurs that he will make investment in the Philippines easier by streamlining the process of business registration. Aquino said the creation of jobs is his administration’s foremost agenda, and employment generation will come from the growth of the country’s industries. Click here to visit our special SONA page Three years into his administration, several processes have been improved and shortened, but some remain cumbersome for most entrepreneurs. Aquino said in his speech then that “the never-ending horror story of registering business names, which used to take a minimum of four to eight hours depending on the day, will be cut down drastically to 15 minutes.” He promised that the checklist of 36 documents needed to register a business will be shortened to a list of six, while the old eight-page application form will be whittled down to one page. He also urged local government units to review their own procedures. For social entrepreneur Pacita “Chit” Juan, owner of ECHOstore and ECHOcafé, there remains a need to set up a one-stop shop in government offices. “I think hindi… Read full this story
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