PHILIPPINE businesses are optimistic about economic prospects amid a continued push to streamline government processes and cut red tape, according to the Anti-Red Tape Authority (ARTA).
鈥淲e鈥檙e seeing a very upbeat business community,鈥 Ernesto V. Perez, ARTA Director General, told a news briefing in mixed English and Filipino on Tuesday, citing recent collaborations with chambers of commerce and visits from foreign diplomats backing regulatory reforms.
Business groups including the Philippine Chamber of Commerce and Industry, Employers Confederation of the Philippines and Philippine Exporters Confederation have vowed to support ARTA鈥檚 initiatives, he pointed out.
The upbeat sentiment reflected growing investor confidence as the government accelerated the rollout of digital systems such as the electronic Business One-Stop Shop (e-BOSS) and enforced compliance across local government units (LGU).
鈥淚n 2028, we want all LGUs to be compliant with e-BOSS… that鈥檚 why we鈥檙e replacing red tape with red carpet, because this is the number one concern among businessmen,鈥 Mr. Perez said. 鈥 Chloe Mari A. Hufana
