The Department of Trade and Industry (DTI) said the green lanes that will be created by the government will hasten the recovery and expansion of the Philippine economy.
The Department of Trade and Industry said the green lanes that will be created by the government will hasten the recovery and expansion of the Philippine economy.
“It was during the meeting that we communicated to the President that several investors are interested in expanding operations in the Philippines,” Pascual said. The DTI said strategic investments are those which are aligned with the Philippine Development Plan and are expected to contribute significantly to the Philippine economy.
Further, the DTI-BOI is tasked to produce and regularly update a manual or guidebook for investors, which shall contain the list of government requirements for the establishment of strategic investments per sector. The DTI-BOI will also be assisted by the Department of Budget and Management to operationalize the OSAC-SI.
However, DTI said the prescribed maximum processing period may be extended only once for the same number of days if it is indicated in the Citizen’s Charter.
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