Philippine Standard Time
Thursday, February 25, 2021 5:29 AM

Philippine Standard Time
Thursday, February 25, 2021 5:29 AM


For BusinessES

  • Improve the ease of doing business by recommending strategies to reduce the steps, time, and costs of transacting with government. 
  • Improve competitiveness of Philippine enterprises in the global market through the creation of conditions conducive to improved productivity, quality and speed.
  • Attract investments in priority industries creating jobs in those industries and multiplier effects in related upstream and downstream industries.

For the Economy

  • Sustain competitiveness through the creation of regulatory frameworks that would steer future regulations relevant to the industries identified.
  • Potentially increase efficiency of markets through the greater number of suppliers and better access for buyers to goods and services.
  • Shift businesses from the informal to the formal economy through the reduction of complexity and cost of complying with regulations.

For Government

  • Enhance the capability of regulating agencies to develop smart regulations through capacity building on good regulatory practices.
  • Prevent regulatory failure through risk-based approaches such as Regulatory Impact Assessments (RIA).
  • Improve effectiveness of regulations by crafting a Regulatory Management System (RMS).
  • Reduce costs of administration and enforcement of regulations by developing regulatory and non-regulatory alternatives to improving market efficiency.

Last updated on 05/31/2018