Friday, March 23, 2018

Ong on World Bank report: ‘Legendary red tape in PH revolting’

Leyte second-district Rep. Henry Ong expressed deep concern about the Philippines slipping in the latest “Doing Business” report of the World Bank form 99th to 113th.

“I am deeply concerned about the significant slippage in the Philippines’ ranking in the latest Doing Business report of the World Bank from 99th to 113th because I supported the proposed Ease of Doing Business Act (House Bill No. 6579) here at the House,” he said.

Ong, the vice chairman of the committee on banks and financial intermediaries and member of the committees on economic affairs, Visayas development, and trade and industry, said the Philippines’ latest results are “disappointing.”

“The glaring effects of our legendary bureaucratic red tape are revolting!” he said, noting the Philippines’ low marks in starting a business, dealing with construction permits, registering property, paying taxes, and enforcing contracts.

“Clearly local governments and national agencies must do much, much more than they are doing now,” Ong said.

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