Showing posts with label red tape. Show all posts
Showing posts with label red tape. Show all posts

Friday, May 31, 2024

Ease of doing business - legalities are obstacles to business progress

Every generation needs a revolution - an entrepreneurial revolution

Much has been said about ease of doing business in the Philippines and our country ranks low in this department.   For example, the growth area of the country, renewable energy, the complaint still is the number of signatures needed to start a project.    And directives from the very top is to facilitate govt 
approvals.  

It is more than that.  The slow judiciary or byzantine decisions of the court has not made things easier for businesses.   In our case,  our greatest challenge is how to get past a case involving a fake title which the court upheld to be true and now we cant get titles (which are required in most govt agencies)  because the title holders are embroiled again in ownership claims:     One entity claims it has right over the property the title being in its name; the original owner said there was a deed of exchange for which it has not received anything for which the latter has filed an adverse claim.

Now third party developers cant get a handle on whom to settle with.

And the delays persist.   No investment, No development  No progress.