President Ferdinand 'Bongbong' Marcos Jr. is optimistic that the reforms made in the bureaucratic processes in the country will lead to more foreign partnerships and investments. ManilaBulletin READ:
President Ferdinand "Bongbong" Marcos Jr. is optimistic that the reforms made in the bureaucratic processes in the country will lead to more foreign partnerships and investments.
He assured that by implementing the Ease of Doing Business Law, no additional burdens will be put to stakeholders' and the people's shoulders. "First and foremost, ARTA's dedication to streamlining regulations and processes, particularly those in the telecommunications sector, has paved the way for smoother operations and has enhanced connectivity in our country by reducing the required permits from 13 to 8, streamlining documentary requirements from 86 to 35, and drastically cutting down the turnaround time from 241 working days to just 16 working days," Marcos said.
In mobile internet speed, the country climbed from 93rd to 79th place, while in fixed broadband, it went to 60th to 41st place. This simplification of procedures, he said, has reduced the time required for registering a business, and has encouraged entrepreneurs to establish and grow their enterprises.
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