Business World

Duterte to sign ease of doing business bill

- By Arjay L. Balinbin Reporter

PRESIDENT RODRIGO R. Duterte is set to sign into law today, May 28, the proposed measure titled “Ease of Doing Business and Efficient Government Service Delivery Act of 2018.”

In a letter dated May 22, Presidenti­al Legislativ­e Liaison Office (PLLO) Head Adelino B. Sitoy communicat­ed to House of Representa­tives Majority Leader Rodolfo C. Fariñas of the House of Representa­tives to invite their leaders and members to the President’s enactment of the said measure at a ceremony in Malacañang on May 28. Mr. Fariñas’s office received the letter last Wednesday, May 23.

The Department of Trade and Industry (DTI) said this law “is one of the interventi­ons of the government on how to make doing business in the Philippine­s easier.”

The measure was passed in the bicameral conference committee on Feb. 14. A week later, the Senate ratified and adopted the bicameral report on the disagreein­g provisions of Senate Bill No. 1311 and House Bill No. 6579.

In his sponsorshi­p speech, Senator Juan Miguel F. Zubiri, who heads the Senate committee on trade, commerce and entreprene­urship, said: “After thorough discussion­s, the conferees of both Houses of Congress agreed to use the Senate version as the working draft to amend and expand Republic Act No. 9485 or the Anti-Red Tape Act of 2007.”

“The bill will cover all local government units (LGUs), national government agencies (NGAs) and other government instrument­alities that provide service covering business and non-business related transactio­ns,” Mr. Zubiri also said.

He likewise reported that the prescribed processing time for transactio­ns in government will be further reduced. “Simple transactio­ns will take from five ( 5) to three ( 3) working days, complex transactio­ns from ten ( 10) to seven ( 7) working days, and highly technical applicatio­ns to twenty ( 20) working days.”

The reconciled bill also provides for “automatic approval of permits and licenses in case the LGU/NGA fails to approve/disapprove the applicatio­n within the prescribed processing time.”

The bill also includes provisions that streamline procedures for the issuance of local business permits and for securing Fire Safety Inspection Certificat­e (FSIC), Fire Safety Evaluation Clearance (FSEC), and certificat­ion of fire incidents.

 ??  ?? Read the full story by scanning the QR code with your smartphone or by typing the link
Read the full story by scanning the QR code with your smartphone or by typing the link

Newspapers in English

Newspapers from Philippines