President Ferdinand 'Bongbong' Marcos Jr. has called for the creation of green lanes in government offices in order to promote the Philippines as a 'top investment destination.'
President Ferdinand "Bongbong" Marcos Jr. has called for the creation of green lanes in government offices in order to promote the Philippines as a "top investment destination."
The latest order covers all national government agencies and their regional and provincial offices, government-owned and controlled corporations and other government instrumentalities, as well as local government units , involved in the issuance of permits, licenses, certifications or authorizations covering strategic investments.
It also stated that strategic investments are those which are aligned with the Philippine Development Plan or any similar national development plan and can be characterized by the significant capital or investment to the country; consequential economic impact; positive impact on the environment; significant contribution to the country’s balance of payments; with complex technical processes and engineering designs; and will improve the country’s infrastructure capabilities.
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