MENU

Global competitiveness surveys have pointed out that the presence of regulatory uncertainty and  red  tape,  aside  from  poor  infrastructure  and  unfriendly investment  environment  (i.e., restrictions  on  foreign  investments  in  the Constitution  and  certain  laws  and  government policies),  explains  the  weakness of the  Philippine  economy‚Äôs  overall  competitiveness  in comparison with our ASEAN neighbours.  It has also been noted that the business enabling environment is costly and overregulated with wide variations observed in the implementation of national level regulations among local government units due to questions of jurisdictions and the lack of holistic approach to regulation.

It is recommended that a formal Regulatory Management System (RMS) be institutionalized to subject existing or proposed regulation to regulatory impact analysis. It should affirm the Regulatory Impact Analysis as a whole-of-government policy. It should highlight the need for a coherent, coordinated and responsive RMS to upgrade the quality of existing regulations since national regulatory systems require periodic maintenance to ensure that outcomes are assessed, that unnecessary or inefficient rules are weeded out, and that needed rules are adapted to address new economic and social conditions. >>read complete document

pdf download icon

.
finffacts in figures

Panel Bot Budgetg Brieferbudget Briefer

 

 

.
finffacts in figures

Panel Bot Budgetg Brieferbudget Briefer

 

 

.
finffacts in figures

Panel Bot Budgetg Brieferbudget Briefer