DOF to tap digital tech for ease of doing biz

THE Department of Finance (DOF) is harnessing the power of digital technology to implement three major initiatives in improving the ease of doing business in the country.

According to Dr. Dennis Reyes the DOF’s technology modernization architect, these three programs are the TradeNet platform for traders, the establishment of the Philippine Business Data Bank (PBDB) down to the local government level, and a parallel modernization initiative in the DOF, the Bureaus of Internal Revenue (BIR) and of Customs (BOC).

“Under the Anti-Red Tape Program or ARTA, we have these multiple initiatives that are now ongoing,” Reyes said at a recent forum.

Reyes said the TradeNet platform, which will also serve as the Philippines link to the ASEAN Single Window gateway, will eventually place onboard a total of 66 government agencies “progressively over the course of the next two to three years.”

The PBDB will involve the Department of Trade and Industry (DTI), which chairs the National Competitive Council (NCC), the Securities and Exchange Commission (SEC), the country’s economic zones and over 1,600 local government units (LGUs), Reyes said.

This Data Bank will allow the online processing of business permits by LGUs as part of the Duterte administration’s continuing initiatives to improve the ease of doing business in the country.

“We're also working internally in DOF to harmonize and modernize the Department, and working closely right now with BOC and BIR in facilitating the modernization initiatives,” he added.

The NSW, which will later on be interconnected to the Association of Southeast Asian Nations (Asean) Single Window, is a regional initiative that aims to speed up cargo clearances and promote economic integration by enabling the electronic exchange of border documents among the organization’s 10 memberstates.

Beltran said that as the vehicle for the NSW, TradeNet is expected “to shorten the processing time of import/export clearances, reduce the number of transactions and required documents to be submitted, and remove bureaucratic redtape that has plagued businesses and citizens when dealing with the government.”

TradeNet.gov.ph is being developed by the Department of Information and Communications Technology (DICT), while the onboarding of agencies to the system is being initiated by the DOF through its Inter-Agency Business Process Interoperability (IABPI) Project. DOF