PROPOSED WORK ACTIVITIES OF THE SUB-WORKING GROUP ON LOCAL INVESTMENT REFORMS

Local Investment Issues Raised in Various Fora Joint Foreign Chambers – Arangkada

Philippines 2010 Two workshops of the PDF WG-GIC Business Memo to President Aquino for

the SONA

Four Areas of Concern

Streamlining Local & National Regulatory Processes

Promoting Local Economic Strategies conducive to investment

Improving information support on local enterprises critical to business matching and investment generation

Addressing consumer related issues

Theme 1: Streamlining Local & National Regulatory Processes Make the BPLS Oversight Committee a

committee under the SW-LIR; adopt its work plan as part of SW-LIR

May initiate additional review of regulatory processes

- Land titling - Mining permits

Theme 2: Promoting Local Economic Strategies for Investment Review of National Laws and Local

Regulations - consistency of incentive-giving laws

(e.g. tourism, mining, BPO-IT, agri-business) with local tax code and local investment incentives act

Theme 3: Improving Information Support for Business Matching & Investment Promotion Assist LGUs in generating information for

promoting investments, e.g. - use of LGU business registration

information for business matching - linking NGA database for efficient data

sharing (e.g. Philippine Business Registry) Develop with business groups a framework

for regular private sector (e.g. local chambers) and LGU interaction to discuss issues and plan investment-related projects

Theme 4: Address Consumer-Related Issues Strengthen standard setting

(harmonized with international ) and implementation at the local level

- tourism facilities (as pilot)