GMA Tells Officials: Make It Easier for Business, Industry

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President Gloria Macapagal Arroyo has ordered government regulators to simplify investment rules and procedures to make it easier and more attractive for both foreign and local businessmen to do business in the Philippines.

The President issued her directive in response to the Chinese business communitys call for government to reduce red tape at the closing program Monday night of the 25th Biennial Convention of the Federation of Filipino-Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) at the Fiesta Pavilion of the Manila Hotel.

In her speech, the President declared:

I hear you when you call on your members to do their share by paying the correct taxes. I hear you when you call on your members to help stabilize the peso at all times. And I also hear you when you call on the government to reduce red tape that stifles business initiative. I am once again instructing our government regulators, some of whom are here tonight, to simplify and reduce the rules and regulations imposed on business and industry instead of multiplying them. I am instructing the government regulators to make it easier rather than more difficult to do business in the Philippines. I am instructing them to encourage instead of discouraging investors.

President Arroyo assured the Chinese businessmen led by incoming FFCCCII President Francis Chua that she is aware of their concerns and the government would resolve these concerns to your federations satisfaction.

Besides reducing red tape, the President said cutting waste and ending corruption are also part of her response to the commitment of the FFCCCII to support her governments 10-point legacy agenda.

What I can contribute to our partnership is a government that will serve the legitimate needs of business, reduce red tape, cut waste and corruption, and level the playing field for every enterprise that comes out clean in terms of its duties and tax payments, she added.

The event was attended by more than 500 officers and members of the FFCCCII. …