Another provision in the Bill is the establishment of an Internal Regulatory Management Unit (IRMU) for each government agency. The IRMU will be in close coordination with the GEO for regulatory management and review of proposed and existing regulations.
This proposed measure affirms Strategy 2 of the Philippine Export Development Plan (PEDP) 2015-2017 which pertinently implements one of the 10 Point socio-economic agenda of President Duterte, i.e. increasing competitiveness and ease of doing business. This measure will be beneficial as the Philippines is aiming to be part of the top third in the World Bank: Doing Business rankings by year end□.