Investors assured of speedy action on investment proposals
SATURDAY, JULY 1, 2006 | FOREIGN INVESTMENT
MADRID (via PLDT) – Department of Trade and Industry Secretary Peter Favila has assured European investors that delays in the processing of investment proposals, a common complaint of people doing business in the Philippines, will soon be a thing of the past.
Upon her return from her investment mission to Italy and Spain, President Gloria Macapagal-Arroyo will issue an Executive Order eliminating kinks in the processing of investment proposals, Favila said.
Took us 11 months to process our corporation papers, Dollar to Peso Money Remittance & Exchange Corp in Paranaque with minimum 5 investors. Required TIN number, birth & marriage certificate, citizenship papers of all parties of our corporation took 4 months to complete.
We paid a gopher to stay in line each time we need to be in a line in a government office. Refused entry at BSP for inappropriate outfit. Many annoying stuff which saps our capital but we will persevere for we love the Philippines and we are Filipinos at heart, even if we've been overseas many decades ago.
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