The administration of President Ferdinand “Bongbong” Marcos Jr. has ordered the establishment of “green lanes” for strategic investments in concerned government agencies and local government units. | DYGalvezINQ
The President also noted that EO 18 covers all national government agencies and their regional and provincial offices, government-owned and controlled corporations and other government instrumentalities, as well as local government units , involved in the issuance of permits, licenses, certifications or authorizations covering strategic investments.
The PCO said that within six months from the issuance of the EO, the Department of Trade and Industry-Board of Investments shall establish a One-Stop-Action-Center for Strategic Investments , which will serve as the single point of entry for all projects qualified as strategic investments. According to the PCO, the DTI-BOI, within three months from the issuance of the order, shall produce and regularly update an investor manual or guidebook or its equivalent, containing the list of government requirements for the establishment of strategic investments per sector, as well as the concerned NGAs, LGUs or quasi-judicial bodies issuing relevant permits and licenses.
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