Apart from the SEC, it also supports the Bureau of Internal Revenue, Social Security System, Philippine Health Insurance Corp. and the Home Development Mutual Fund .
DICT Secretary Gregorio Honasan II said in a statement the NBOSS would save time and eliminate fixers. The NBOSS is an initiative provided under Republic Act No. 11032, or the Ease of Doing Business and Efficient Government Service Delivery Act of 2018. Moves to streamline business registration would help the country become more competitive versus its regional peers. The Philippines jumped 29 notches in the World Bank’s annual Doing Business Report as it ranked 95th in the 2020 edition.
The report noted the Philippines improved in the areas of starting a business, dealing with construction permits and protecting minority investors. The report also revealed the Philippines was amongADVERTISEMENT