MANILA, Philippines - The Philippine Chamber of Commerce and Industry (PCCI) submitted on Monday a resolution addressed to Metro Manila mayors, urging local government units to speed up steps in establishing businesses in the National Capital Region.
â€Metro Manila should take the lead in streamlining and standardizing business permits and licensing system to make it easier for start-up businesses, especially small and medium enterprises (SMEs) and create a business environment for inclusive economic growth,†noted PCCI, the country's largest business organization.
In the Doing Business 2013 report by the World Bank and the International Finance Corp., the Philippines ranked 138th out of 185 countries surveyed, showing little progress in improving global competitiveness.
PCCI President Miguel Varela said easier business registration will allow SMEs to compete in the market without worrying about closure.
He said currently, small businesses face a number of licensing procedures before starting operations.
"In starting a business in Quezon City, the survey showed that a businessman needs 36 days, 16 procedures and pay fees the equivalent of 21.4 per cent of income per capita; in Caloocan, the record was 28 days and 16 procedures. The cost was equivalent to 33 per cent of income per capita; in San Juan, the survey showed 39 days, 21 procedures and 26.3 per cent of income per capita; in Pasig, it would take 36 days, 22 procedures and 26.2 per cent of income per capita; Pasay has 17 procedures but it would take 32 days and would cost 22.2 per cent; Marikina has 16 procedures and 9 days; (and) Manila has the most of days: 38 days for only 15 procedures,†PCCI noted.
The group added that more SMEs means more employment opportunities for the people.