8 Bohol towns streamline licensing process

[ Manila Bulletin Online ] December 1, 2008

TAGBILARAN CITY (PIA) — Streamlining business process to make them investor friendly, Bohol Micro, Small and Medium Enterprise Development (MSMED) Council has accomplished with a partner the forging of agreements in training for eight towns here, a highlight in the first Bohol MSME Xperience held at the Island City Mall recently.

Early surveys pointed out that cumbersome business processes here have become turn-offs for investors wanting to sow capital in the country.

Cumbersome process here comes in lengthy registration and in unreasonable licensing steps.

These have been identified as major discouraging factors of investors’ while the country loses capital that could have been important in perking up local economies.

Here, the province of Bohol tapped the support of the German Development Foundation (GTZ) through its Small and Medium Enterprise Development for Sustainable Enterprise Promotion (GTZ-SMEDSEP) program.

Now, at least eight towns have undergone two training workshop modules, sources at the Department of Trade and Industry (DTI) pointed out.

The GTZ, in their belief in the promise of putting up the needed vigor in small and medium enterprises in the countryside would jumpstart local developments has been kind enough to fund the pioneering activity, DTI said.

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