Flores Named Investment Ombudswoman
Lawyer Florecita Flores has been appointed by Malacanang to head the revived Investment Ombudsman office that Flores used to head during the term of former President Joseph Estrada but which was discontinued when the current administration took over.
Trade and Industry Secretary Peter B. Favila said that Flores has been informed of her appointment and accepted the offer.
"We are still arranging for her oath-taking," Favila said. For the time being, the Office of the Investment Ombudsman would be hosted by the DTI.
Favila said the functions of the Investment Ombudsman would be basically patterned after the Executive Order No. 180, which was created by President Estrada in November 1999.
Based on EO 180, the Investment One-Stop Action of the Board of Investments, created pursuant to EO 136, s. 1987 re-named as Quick Response One-Stop Action Center for Investments (QROSACI) and placed under the Office of the Investment Ombudsman with the following functions:
Provide advise, guidance and information on various laws, rules and regulations governing investments and the conduct of business in the Philippines, including incentives that can be availed of;
Facilitate the processing of all investment-related requirements by concerned agencies including local government units (e.g., licenses and permits, importation, taxation, etc., by ensuring that all frontline agencies perform their tasks within prescribed standards and parameters);
Coordinate closely with the Investment Facilitation Specialists which shall be part of a network providing current and prospective investors with answers to technical and legal inquiries and fast action on the approval of investment-related permits and licenses. …