The Anti-Red Tape Authority (ARTA) is calling on investors to pinpoint particular local government units (LGU) or government agencies that are giving them a hard time to do business in the country. Secretary Ernesto V. Perez bared ARTA’s tack said as he revealed that Texas Instruments Inc., which he described…
The Anti-Red Tape Authority is calling on investors to pinpoint particular local government units or government agencies that are giving them a hard time to do business in the country.
Perez said after ARTA conducted successive consultation meetings, that government agency, which he did not identify, decided to suspend the implementation and even “relax” the implementation. With this, the ARTA chief stressed, “We are in close collaboration with Texas, assuring them that ARTA is ready, hand in hand with them, and face those agencies or LGUs that are giving them a hard time.”
During President Ferdinand R. Marcos Jr.’s meetings with the United States-Association of Southeast Asian Business Council last month, US officials announced that Texas Instruments will submit its investment proposal to avail of perks under the Corporate Recovery and Tax Incentives for Enterprises Act.
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