Mindanao Times » davao city chamber of commerce http://mindanaotimes.net Sun, 23 Sep 2018 16:00:23 +0000 en-US hourly 1 https://wordpress.org/?v=3.9.25 Biz renewal collection up 36% this year: mayor http://mindanaotimes.net/biz-renewal-collection-up-36-this-year-mayor/ http://mindanaotimes.net/biz-renewal-collection-up-36-this-year-mayor/#comments Sun, 28 Jan 2018 11:03:03 +0000 http://mindanaotimes.net/?p=53470 ]]> The City Treasurer’s Office collected P1.2 billion during the business permit renewal period that ended on Jan. 20.

Mayor Sara Duterte said during the 50th Annual Installation of Officers and Trustees of Davao City Chamber of Commerce and Industry Inc. (DCCCII) on Friday at SMX Davao Convention Center that the collection was 36% higher than what was collected during the business permit renewal period last year.

“We thank you, the business community, for diligently paying your local taxes. We assure you that your city government will allocate these funds to more meaningful projects and programs for the development of the city,” Duterte said.

The business permit renewal period was conducted on Jan. 2-20.

As of last year, the Business Bureau registered 40,499 businesses with combined capitalization of P272 billion. This increased from 39,000 businesses, which had total capitalization of P230 billion in 2016.

Duterte said the increasing trend in the number of businesses showed heightened business confidence despite the Martial Law declaration in Mindanao, which took effect on May 23 last year. She said the declaration only “took a temporary dip” for the local economy as the city’s economy bounced back beginning in August.

“The feats that we have achieved last year are a challenge for us to reach a higher peak in business and investments for 2018. I assure you that the city government of Davao will equally support the advocacies of the Chamber, as you have continuously supported the directions of the city government,” Duterte said.

Arturo M. Milan, newly installed president of DCCCII, said they vowed to continue in supporting the city government. In line with this, he said there is a need for the businesses to pay the correct levies as way to help the government.

“We have to encourage businesses for the payment of correct taxes to the government while helping government enhance the ease in doing business,” Milan said. (KMF)

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