A senior lawmaker has called on local government unit executives to put up their own “green lanes” meant to streamline and expedite the processing of business permits in their respective localities.
“The President’s July 13 launch of green lanes to clear the way to fast-track processing of strategic investments couldn’t have come at a better time, as he has just signed the law establishing the MIF [Maharlika Investment Fund or Republic Act 11954] as an alternative stream for investment funds amid government expectations of at least $88 million or almost P5 billion in investment inflows for the rest of this year, representing our initial windfall from the President’s 12 official trips...
“Hence, our LGUs need to set up at the soonest their respective green lanes for investments not only to support Malacañang Palace’s agenda to level up our EODB image, but also for them to seize upon this splendid opportunity for their localities to cash in on this projected pipeline of $70 billion worth of FDI inflows resulting from our country’s post-Covid status as one of Asia’s fastest-growing economies on the Marcos watch,” he said.