EDITORIAL - Still, red tape

Business groups and foreign missions continue to complain about the difficulty of transacting with the government. This week German Ambassador Andreas Michael Pfaffernoschke, in a talk with journalists, said red tape is “definitely a key concern” not just of investors from his country, but also of the entire business community.

They complain not only of too many and often overlapping steps and permits required, from national agencies all the way down to the barangay. They point to inconsistent and confusing rules and requirements between national and local government units, and from one LGU to the next. Red tape is also among the reasons cited by business groups for favoring other countries in the region for their investments. If the Marcos administration wants to draw those investors, the campaign against red tape needs more resolute action.SB19 to headline Xiaomi Fan Festival 2024 happening on April 20D-Link partners with VST ECS to drive innovation, network solutionsFerdinand Romualdez Marcos Jr.

Source: News Formal (newsformal.com)

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