The Philippines on Tuesday unveiled reforms simplifying the process of starting a business to 6 steps and 8 days, down from the existing set-up requiring 16 steps and 34 days. The government also announced e-government initiatives for accessible and convenient online transactions for payroll-related payments to Philhealth and Pag-IBIG, reducing the number of payments from 36 to 13 per year.
In a press conference today, the Department of Finance, Department of Trade and Industry, the National Competitiveness Council (NCC), the Department of the Interior and Local Government, and 9 other institutions announced the launch of the reforms—a product of continuing work under the NCC’s Gameplan 3.0 synergizing government processes related to easing the conduct of business in the Philippines. Gameplan 3.0 streamlines and simplifies government processes across 10 transactions related to the “Ease of Doing Business” as measured annually by the World Bank and International Finance Corporation (IFC).