Ease of Doing Business Summit set on June 7
In the past four (4) years, efforts of the EODB Task Force focused on efficient business regulatory procedures and the progress of reforms instituted in each agency. The inter-agency task force was created in 2012 by Administrative Order 38 issued by President Benigno Aquino III to implement the “Gameplan for Competitiveness,” a strategy to improve the Philippines’ performance in the Doing Business Report, an annual publication of the World Bank-International Finance Corp (WB-IFC).
In 2010, the country’s ranking in the Doing Business Report was 148th place. Since then, we have improved by 45 notches. Right now, the Philippines is ranked 103rd among 189 economies.
The Doing Business Report measures the ease of doing business across ten processes which a business must undertake with several government agencies over its typical life cycle: Starting a Business, Dealing with Construction Permits, Getting Electricity, Registering Property, Getting Credit, Protecting Investors, Paying Taxes, Trading across Borders, Enforcing Contracts, and Resolving Insolvency.
The EODB task force identified bottlenecks, redundant steps and unnecessary requirements in government transactions. Significant reforms included streamlining processes, reducing the time to complete a procedure, and eliminating constraints in processes from start to end of a business life cycle. Every year thereafter, the EODB monitored the developments in each of the frontline agencies.
At the local level, DTI and the Department of Interior and Local Government (DILG) jointly issued a directive to all local government units to reduce the time to process new business registrations. As a result, compared to 15 steps in 52 days in 2011, starting a business in the county today can be completed in six (6) steps and eight (8) days.
The EODB Task Force include Departments of Trade Industry (DTI), Finance (DOF), Interior and the Local Government (DILG), Justice (DOJ), Bureau of Internal Revenue (BIR), Land Registration Authority (LRA), Bureau of Customs (BOC), Credit Information Corporation (CIC), Securities and Exchange Commission (SEC), Social Security System (SSS), Home Development Mutual Fund (PagIBIG Fund), Philippine Health Insurance Corporation (Philhealth), National Competitiveness Council (NCC), and the Quezon City Government as the subject city of the DB Report.