Directing Department, Bureaus, Offices and other Agencies in the Executive Branch, Including Government – Owned And Controlled Corporations to Simplify Rules And Regulations and Reduce Reportorial Requirements to Facilitate Doing Business and Encourage More Investments in the Country

MALACAÑANG
Manila

BY THE PRESIDENT OF THE PHILIPPINES

EXECUTIVE ORDER No. 428 May 18, 2005

DIRECTING DEPARTMENT, BUREAUS, OFFICES AND OTHER AGENCIES IN THE EXECUTIVE BRANCH, INCLUDING GOVERNMENT – OWNED AND CONTROLLED CORPORATIONS TO SIMPLIFY RULES AND REGULATIONS AND REDUCE REPORTORIAL REQUIREMENTS TO FACILITATE DOING BUSINESS AND ENCOURAGE MORE INVESTMENTS IN THE COUNTRY

WHEREAS, the elimination of poverty is the overriding goal of the administration, with the private sector serving as the leading engine of development and progress;

WHEREAS, a vigorous and progressive business sector is essential in the attainment of national socio-economic objectives;

WHEREAS, existing government rules, regulations and procedures including reportorial requirements, cause undue difficulty to private businesses and individual citizens alike, thus discouraging investment and business expansion, and hampering the attainment of a vibrant and progressive economy that demands simpler and reduced rules and regulations for business and industry in order to be more competitive with other countries;

NOW, THEREFORE, I, GLORIA MACAPAGAL - ARROYO, President of the Republic of the Philippines, by virtue of the powers vested in me...

Login to see full content

Summary of Executive Order No. 428

Directive to Simplify Rules and Regulations and Reduce Reportorial Requirements

- Departments, bureaus, agencies, offices, and government-owned and controlled corporations (GOCCs) in the Executive Branch are directed to:
    - Simplify rules, regulations, procedures, and reduce reportorial requirements imposed on businesses and industries. (Section 1)
    - Eliminate duplication and unnecessary requirements. (Section 1)
    - The aim is to attract and encourage more investments and allow businesses to focus on operations and expansion rather than compliance with excessive bureaucratic requirements. (Section 1)
- Local Government Units are encouraged to adopt similar measures. (Section 1)
- The Executive Secretary shall ensure the effective implementation of this Order. (Section 2)
- This Executive Order takes effect immediately. (Section 3)