PRESIDENT Ferdinand “Bongbong” Marcos Jr. will sign an executive order that is aimed at promoting ease of doing business in the country in order to attract more investment amid economic recovery from the Covid-19 pandemic, Malacañang said on Tuesday, November 29, 2022.
The DTI said it has identified the barrier across multiple regulatory agencies that hamper the smooth entry of Foreign Direct Investments in the country. “Until we get to change the procedures... and to say that... baka ito hindi na kailangan, baka ito extraneous na ito, ito obsolete na ito, ganyan. You cut it down as much as we can,” he added.
Among the strategic investments identified by the DTI were projects of national significance, highly desirable projects endorsed by the Fiscal Incentives Review Board and FDIs endorsed by the Inter-Agency Investments Promotion Coordination Committee or priority projects or activities under the Strategic Investment Priority Plan , which are considered projects of national significance or highly desirable that may be endorsed by the Board of Investments of the concerned Investment Promotion...
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