Manila, July 28 -- Business registrations and renewals reached 1.9 million as of Tuesday, Department of Trade and Industry (DTI) Secretary Ramon Lopez said.
He said the number has increased from 900,000 business registrations and renewals in 2015.
"While there are business(es) that closed down, the number of new businesses that registered and those that renewed their businesses actually increased," Lopez said in a television interview Tuesday evening.
The trade chief said as long as there will be no extreme lockdowns that will happen, many sectors will remain open.
He added this would help the country to further reduce the unemployment rate close to the pre-pandemic level of 5 percent.
Unemployment rate in May 2021 settled at 7.7 perce...