Valenzuela City selected as model city for fast business permit
The city government of Valenzuela has been selected by the Senate committee on trade, commerce and entrepreneurship as one of their models for their good practices of processing fast business permits.
The selection was done during a site visit conducted by the committee, under the chairmanship of Sen. Juan Miguel “Migz” Zubiri, to the Valenzuela City Business Permits and Licensing Office (BPLO), last week.
Davidson Torres, one of the committee staff, said they have chosen the city to be among their subjects for their study, along with the cities of Quezon and Taguig, because these local government units are well-known for their good practices on ease of doing business.
“Kasi kilala siya (Valenzuela City) as model city sa mabilis na processing ng business permits (The city is known as a model city in terms of fast business permit processing),” he said.
After the visit, Torres said his team satisfactorily gained a better understanding on how business permits are applied for and issued in Valenzuela City.
The information obtained during their study tour shall be referred to by the Senate Committee for the drafting of their proposed measures filed by Sens. Ralph Recto, Bam Aquino and Grace seeking promotion of ease of doing business in the country.
Based on World Bank report in 2016, compared to other ASEAN neighbors in the “Ease in Starting a Business” rankings, the Philippines has performed poorly, placing 165th in the ranking of 189 economies.
The country lags behind Singapore in 1st place, Malaysia in 14th place, Thailand in 96th place, Vietnam in 119th place, and Laos in 153rd place.
Under Recto’s Senate Bill No. 866, he recognized on the explanatory note that “reducing barriers to business formalization can stimulate enterprise growth and create decent work opportunities.
Recto his bill otherwise known as the “Fast Business Permit Act,” shall provide for measures and policies that remove barriers to entrepreneurial opportunity and promote ease of doing business.