UniTeam vows to make doing business in PH easier, red-tape free

26 February 2022

THE UniTeam said recently it intends to pursue legislative and policy reforms that will further ease doing business in the country, as part of its policy blueprint to revive the economy and promote job creation.

According to the latest World Bank-issued ‘Doing Business' report in 2020, the Philippines ranks 95th, improving by 29 notches from its 124th position in 2019. 

The Doing Business report serves as a reference for foreign investors on a particular country's global competitiveness. 

"Jumpstarting our economy would be a top priority for us, should we be given the mandate by the people in this year's elections.  It will not be easy since we will be entering a post-pandemic scenario where resources will be scarce," UniTeam presidential bet Ferdinand "Bomgbong" Marcos Jr. said.

"It only means that businesses will need to focus on being efficient.  The government can help by instituting policies that will make it easier for them to do this," he added.

Studies of data from Philippine cities have shown a strong correlation between the cost and ease of doing business with establishing new business ventures.

Factors such as minimum wage, electricity price, water price, land price, and the number of days it takes to process new business permits directly affect an entrepreneur's decision to push through with his business idea.

"The cost side of establishing a business will be dealt with through long-term solutions such as legislation and sustained infrastructure development.  It will take some time, but we commit to implementing these key initiatives," he explained.

"Simply put, the cost and ease of doing business will determine the speed by which new businesses are created.  With this in mind, we need to foster the environment conducive for them to develop and thrive," the UniTeam added.

To measure a country's competitiveness, the World Bank uses a 10-point indicator: Starting a Business, Dealing with Construction Permits, Getting Electricity, Registering Property, Getting Credit, Protecting Minority Investors, Paying Taxes Trading Across Borders, Enforcing Contracts, and Resolving Insolvency.

Presidential frontrunner  Marcos and his running-mate Inday Sara Duterte added that removing the stumbling blocks reforms would redound to higher revenues needed to sustain the government's pandemic response and fulfill its debt obligations.

"It is not about chasing the numbers.  We will pursue meaningful changes that will help the country become an attractive investment destination for foreign investors," the UniTeam stressed.

While the World Bank stopped issuing the Doing Business report back in September 2021, the Philippine government's Anti-Red Tape Authority (ARTA) said it would start releasing a localized version of the report aptly named the Philippine Ease of Doing Business (EODB) Reporting System.

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FILIPINO VERSION

UNITEAM SINIGURONG MAS PADADALIIN ANG PAGNENEGOSYO SA PILIPINAS

TINIYAK ng UniTeam na isusulong nila ang pagsasaayos ng batas para mas mapadali ang pagnenegosyo sa Pilipinas bilang bahagi pa rin ng kanilang programa para muling buhayin ang ekonomiya at makalikha ng trabaho.

Ayon sa pinakahuling “World Bank-issued ’Doing Business’ report” noong 2020, nasa ika-95 ang Pilipinas sa buong mundo, o tumaas ng 29 baytang mula sa dating ika-124 na pwesto noong 2019. Ang Doing Business report ay nagsisilbing batayan ng mga foreign investor ukol sa global competitiveness ng isang bansa.

"Jumpstarting our economy would be a top priority for us, should we be given the mandate by the people in this year's elections.  It will not be easy since we will be entering a post-pandemic scenario where resources will be scarce," ayon sa UniTeam.

"It only means that businesses will need to focus on being efficient.  The government can help by instituting policies that will make it easier for them to do this," dagdag pa ng UniTeam.

Ayon sa mga pag-aaral, bukod sa halaga ng pagnenegosyo sa bansa, pinagbabatayan din ng mga mamumuhunan kung mahirap o madali ang proseso ng pagnenegosyo sa isang bansa.

Kabilang din sa tinitingnan ang minimum wage, presyo sa kuryente, tubig, presyo ng lupa at ang bilang ng araw para mag-proseso ng kanilang mga negosyo

"The cost side of establishing a business will be dealt with through long-term solutions such as legislation and sustained infrastructure development.  It will take some time, but we commit to implementing these key initiatives," anang UniTeam.

"Simply put, the cost and ease of doing business will determine the speed by which new businesses are created.  With this in mind, we need to foster the environment conducive for them to develop and thrive," dagdag pa ng UniTeam.

Para masukat ang kakayahan ng bansa, gumagamit ang World Bank ng 10-point indicator na: “Starting a Business, Dealing with Construction Permits, Getting Electricity, Registering Property, Getting Credit, Protecting Minority Investors, Paying Taxes Trading Across Borders, Enforcing Contracts, and Resolving Insolvency.”

Ayon sa tambalan nila presidential frontrunner Ferdinand 'Bongbong' Marcos Jr. at Inday Sara Duterte, ang pagpapaluwag sa proseso ng pagnenegosyo ay malaking tulong para sa hangarin nilang pagbangon muli ng bansa mula sa pandemya.

"It is not about chasing the numbers.  We will pursue meaningful changes that will help the country become an attractive investment destination for foreign investors," iginiit ng UniTeam.

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