Showing posts with label expenses. Show all posts
Showing posts with label expenses. Show all posts

Friday, June 14, 2024

Ease of doing business in the country - will it ever happen?

Every generation needs a revolution - an entrepreneurial revolution










The country's think tank and top govt officials at looking at the amendment of the basic law to change how things will go, especially business in the years to come to achieve superior economic growth and provide jobs and employment

But the convoluted laws and system  of government at the lower level will not make this happen.

Let us say you are a developer and you want to put up a land development project:

You have to navigate the following and this requires a lot of time and expenses:
    
        Tasks                                                   Agencies Involved                                Time required

1.  Incorporating the business                      DTI SEC


2.  Getting permits

                                                                         1.  LGU
                                                                         2.  BIR
                                                                         3.  DTI

3.  Land acquisition                                         1.  Assessors Office
                                                                         2.  BIR
                                                                         3.   Register of Deeds

4.  Project Approval                                         1.  Barangay clearance
                                                                         2.  LGU  City, Mun Council
                                                                              MPDC, Mayor
                                                                         3.  DA:   Burea of of Soils
                                                                                        NIA 
                                                                        4  DAR
                                                                        5.  DOH
                                                                        6.  DHSUD
                                                                        7.  Bureau of Lands
                                                                        8.  DENR

In Singapore you can register your business in 1 hour.  How about in PHL?

This post did not put the timelines.  But easily, optimistic is 3 years, pessimistic is 5 years.  This is for a local business.  How much more if this is an offshore/foreign business.  The more grease money is needed to expedite the process.

Staff of government agencies would seem to enjoy the idea that the liaison officer of the proponent  keep of returning to get the approval

Improve the local laws and processes.  Streamline.  Then maybe ease of doing business can improve. So with our competitiveness. 

I just saw that an App makes you start a business in one hour in Singapore

Amending the Charter?   They are wasting their time.  Thats the easy way out.  Perhaps they should look internally and look the other way.