New law expected to attract investors

PRESIDENT Rodrigo Duterte’s singing of the Ease of Doing Business Act (EODB) was welcomed yesterday by the Trade department and business chambers, which said that streamlined government processes would improve the country’s attractiveness to investors.

“Under the EODB/Efficient Government Act, businesses can expect streamlined processes, reduced processing times from all government agencies, including government-owned and controlled corporations (GOCCs),” Trade Secretary Ramon Lopez said in a statement.