The Department of Public Works and Highways (DPWH) has signed with 35 other agencies a memorandum of agreement that will hasten government processes by cutting bureaucratic red tape to attract more investors.
In a news statement, the agency said Public Works Secretary Mark A. Villar signed a newly enhanced investment promotions unit network agreement that increased the collaboration among government offices that are directly involved in investments.
“[T]he strengthened cooperation among 36 offices will facilitate resolution of issues and concerns of local and foreign investors, such as in the processing of business registrations, permits and licenses,” the statement read.
While the government signed a similar agreement in 2007, the new agreement is in support of Republic Act 11032 or the Ease of Doing Business and Efficient Government Service Delivery Act.
The new agreement requires all agencies to “act on investment issues and concerns within 72 hours from the receipt of the complaint or query, but not later than 15 days, as prescribed under the Code of Conduct and Ethical Standards for Public Officials and Employees.”
It likewise promotes the use of the One Window Network (OWN) of the Board of Investments and other online facilitation systems available in other government agencies in fast-tracking the submission of investment-related issues, concerns and queries.
Image credits: DPWH