THE Anti-Red Tape Authority (ARTA) targets to release the results of the tracer studies on two critical sectors by the first quarter of 2026, eyed to help streamline processes and attract more foreign investors.
Covered by the studies, to be conducted with the British Embassy Manila, are the energy and telecommunications sectors.
Aside from these sectors, ARTA is also streamlining processes for the semiconductor industry, Secretary Ernesto Perez said Tuesday.
Tapping the British government for the conduct of the tracer studies is part of the memorandum of agreement both agencies entered into, wherein the United Kingdom government will provide technical assistance in enhancing regulatory quality and streamlining processes for the Philippine government.
Perez, during an interview at the sidelines of the MOU announcement in Makati City, said “this assistance that we’re getting from the British government comes in at the right time and the opportune time.”
“They will help us expedite the process. Why semiconductor? Because we are rich in terms of minerals – nickel, copper, two vital minerals in semiconductor. Because what’s happening right now, we export raw materials,” he said.
He added: “With this, we hope to attract more investors and we’re getting investors expressing interest to invest in the Philippines.”
During a panel discussion, Perez said the Philippine government has received “good feedback offers” from foreign investors who want to place their funds on the earlier mentioned sectors.
He said the MOU will help the government put up one-stop shop for each sectors “that is founded on a streamlined process through smarter regulations.” (PNA)
