Gov't mulls Investment Ombudsman
Trade and Industry Secretary Peter Favila said the government is set to create what they call as “Investment Ombudsman” to take care on the problems of the investors and cut the red tape in local government units.
Favila said, normally there are investors who complained about the slow processing of their applications from issuance of the mayor's permit and the business permit. The Investment Ombudsman would temporarily be under the Department of Trade and Industry but they would ask help from the Office of the Ombudsman.
Favila revealed the Investment Ombudsman will close in on people or local government unit which are perceived to have impeded the smooth flow of business in one locality. The Investment Ombudsman was already created in the previous administration. However, the government was overtaken by events.
He added that they are now finalizing the Executive Order relative to the creation of the Investment Ombudsman. The creation of the Investment Ombudsman is the government's response to the number of clamors they received from the investors.