During the official launch and signing of Executive Order No. 18 in Pasay City, Mr. Marcos remarked that to create a conducive business environment, the government should fix its bureaucratic processes. READ MORE:
President Ferdinand Marcos Jr. on Thursday stressed the need for reforms to streamline the process of investing in the country and launched “green lanes” for investors to make that happen.
EO No. 18 creates “green lanes” in government offices to facilitate and expedite the processing of investments. According to the EO, the Board of Investments should establish a One-Stop-Action-Center for Strategic Investments which will serve as a single point of entry for all projects qualified as Strategic Investments.
“We understand that time is of the essence for our investors and our entrepreneurs. Thus, a streamlined bureaucracy will ensure that our processes are efficient, transparent, and responsive to the needs of these potential investors,” Mr. Marcos said. “We envision a future where the Philippines becomes an attractive and competitive hub for business ventures, where enterprises flourish and thrive, and where opportunities await every investor for every Filipino,” Mr. Marcos said.
“It is a continuing application of the principle of whole-of-government response to the continuing challenge of dismantling the obstacles faced by investors whenever they decide to do business here in our country,” he added.
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