Simplification of Rules and Regulations and Reduction of Reportorial Requirements in the Executive Branch and GOCCs
Executive Order No. 428, issued on May 18, 2005, directs government departments and agencies in the Philippines to simplify rules, regulations, and reportorial requirements to enhance the business environment and attract more investments. The order recognizes the importance of a robust private sector for national socio-economic development and aims to reduce bureaucratic hurdles that hinder business operations. It encourages local government units to implement similar reforms. The Executive Secretary is tasked with ensuring the effective execution of this order, which takes effect immediately.
Law Information
- Reference Number
- Executive Order No. 428
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Executive Orders
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
May 18, 2005
EXECUTIVE ORDER NO. 428
DIRECTING DEPARTMENTS, BUREAUS, OFFICES AND OTHER AGENCIES IN THE EXECUTIVE BRANCH, INCLUDING GOVERNMENT-OWNED AND CONTROLLED CORPORATIONS TO SIMPLIFY RULES AND REGULATIONS AND REDUCE REPORTORIAL REQUIREMENTS TO FACILITATE DOING BUSINESS AND ENCOURAGE MORE INVESTMENTS IN THE COUNTRY
WHEREAS, the elimination of poverty is the overriding goal of the administration, with the private sector serving as the leading engine of development and progress;
WHEREAS, a vigorous and progressive business sector is essential in the attainment of national socio-economic objectives;
WHEREAS, existing government rules, regulations and procedures including reportorial requirements, cause undue difficulty to private businesses and individual citizens alike, thus discouraging investment and business expansion, and hampering the attainment of a vibrant and progressive economy that demands simpler and reduced rules and regulations for business and industry in order to be more competitive with other countries;
NOW, THEREFORE, I, GLORIA MACAPAGAL-ARROYO, President of the Republic of the Philippines, by virtue of the powers vested in me by law, do hereby order:
1. Departments, bureaus, agencies and offices in the Executive Branch of Government, including Government-Owned and Controlled Corporations (GOCCs) are hereby directed to simplify rules, regulations, procedures and reduce reportorial requirements imposed for business and industry, with the aim of eliminating duplication and unnecessary requirements, thereby attracting and encouraging more investments and allowing business and industry to devote maximum effort and time to their operation and expansion rather than to compliance with excessive bureaucratic requirements. Local Government Units are encouraged to adopt similar measures.
2. The Executive Secretary shall see to it that this Order is effectively carried out.
3. This Executive Order shall take effect immediately. lawcd2005
DONE in the City of Manila, this 18th day of May, in the year of Our Lord, Two Thousand and Five.
Cite This Law
Simplification of Rules and Regulations and Reduction of Reportorial Requirements in the Executive Branch and GOCCs, Executive Order No. 428, May 18, 2005 (Philippines)
Simplification of Rules and Regulations and Reduction of Reportorial Requirements in the Executive Branch and GOCCs, Executive Order No. 428 (Phil. 2005)
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