Finance Secretary Carlos Dominguez, along with Securities and Exchange Commission (SEC) Chairman Emilio Aquino, Bureau of Internal Revenue (BIR) Commissioner Caesar Dulay, Bureau of Customs (BOC) Commissioner Rey Leonardo Guerrero, and Bureau of Local Government Finance (BLGF) Executive Director Niño Alvina signed Wednesday (August 7) the new and enhanced Investment Promotions Unit (IPU) Network (Net) memorandum of agreement (MOA).
The MOA is aimed at improving the ease of doing business in the country by committing 36 government agencies to efficiently and swiftly resolve issues raised by investors to avoid delays in the processing of business registrations, permits and licenses, among other concerns. This is in line with the Duterte administration’s goal to cut red tape and make the Philippines more attractive to investors.
Trade Secretary Ramon Lopez witnessed the signing of the IPU Net MOA, which was earlier signed by the heads of the other concerned government agencies.