DTI Iloilo to assist LGUs in reducing red tape
by ES Subong
Iloilo (6 November) -- Trade and Industry Provincial Director of Iloilo Wilhelm Malones said the agency is now focusing on creating an environment that is business-friendly by encouraging the local government units to review their licensing system and procedures.
Malones said that this effort is in support of Preisdent Arroyo's call for the LGUs to do away with red tape and reduce transaction costs as well as formulate uniform rules and regulations for business sector.
The DTI chief also said that they are holding seminars and dialogues with LGUs to help them review their transaction processes, how they can reduce procedures and number of signatures required in every transaction.
"The LGUs need not worry that reduced procedures will reduce incomes, for easier procedure and facilitative licensing system will redound to more transactions, hence, more income," Malones said.
It could be recalled that a survey by the World Bank's private financial firm, a business permit alone in the Philippines carries too many signatures before the document could be released.
It can also be recalled that as a senator in 1992, President Arroyo authored RA 7470 which provides for the establishment of the necessary and strategic economic and business information and research assistance, thereby expediting the process of business formation.
He same law also provides for the setting up by the LGUs of their own National Economic Research and Business Assistance Center or the NERBAC, which is a one-stop shop that should assist investors interested in investing in their localities. (PIA 6) [top]