Duterte Signs ‘Ease of Doing Business Act’ in Move to Boost the Economy and Crush Corruption
Trade Undersecretary Rowel Barba has described the Act in the following way:
“This will have a big impact for the delivery of services as far as businessmen are concerned. One, it provides for periods where permit or license should be issued. Three days for simple transaction, seven days for complex transactions, and 20 days for highly technical, subject to another special 20 working days.
Second it provides for a two-strike policy where erring government officials who failed to issue such permits within the said periods. First offence is suspension for six months, second offence is termination with criminal liability and penalty of P500,000 to P2 million so that will be a landmark legislation and it will be signed by the President this week”.
kudos, Mr. President!!!