3,000 commercial establishments renew licenses
City Mayor Jerry Treņas estimated that some 3,000 business establishments in the city have renewed their business permits at the Licensing and Permits Division of the Iloilo City Hall.
Treņas said he does not have the exact figure of the number of permits that were already renewed but the processing of the licenses are made easy with the creation of an express link. There are some 10,000 business establishments in the city. The renewal of business licenses ended last January 20, 2006.
He said business establishments which posted an increase of 20 percent sales in last year's sale can transact in the express link. Those business establishments that failed to renew their licenses will be meted penalties. He did not say how many percent of gross sales of the establishment will be computed as their penalty.
The chief executive could not ascertain yet on whether there is an increase or decrease of business establishments in the city. While there is no figure yet on how many establishments closed shop last year.