The Department of Trade and Industry (DTI) yesterday said entrepreneurs can now renew their business name registration online. “With this initiative, we intend to lower cost of doing business, save time, and avoid the long queues in DTI offices nationwide. Likewise, we promote a paperless environment in government,” DTI Undersecretary Nora Terrado said. Terrado said that to avail of this scheme, sole proprietors may log on to the Business Name Registration System’s (BNRS) website at bnrs.dti.gov.ph, and process the renewal of their business name registration three months before its expiration. Within this period, online updating of business profile is allowed and free of charge.