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New registrations show continued progress in NorMin: SEC

TANGUB CITY, Misamis Occidental - The Securities and Exchange Commission (SEC) on Tuesday said the increase of new incorporations and registrations in Northern Mindanao is an indication that business remains promising in the region in the last two years despite the pandemic. In a statement, lawyer Frederick A. Enopia, officer-in-charge of the SEC-Cagayan de Oro (CDO) extension office, said for 2021, their office received a total of 1,505 registrations from 726 stock corporations; 67 partnerships; and 712 non-stock corporations. The total number constitutes a 27.56-percent increase from its 2020 figure, which the DTI said was an indicator of a higher filing of new incorporations and applications for expansion in capital. "This is truly evident to what we are seeing today as business starts to operate once again. We have indeed loosened up our precautionary measures, which allow these establishments to recover from the long period of economic loss," he said. An increase in capi ....

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