MANILA - The British Chamber of Commerce Philippines said Wednesday it welcomes the appointment of the head of the Anti-Red Tape Authority (ARTA) and the signing of the implementing rules and regulations of the Ease of Doing Business Act.
The IRR of the new law will be published on Thursday, July 18 and will take effect in 15 days, said newly-appointed ARTA Director General Jeremiah Belgica.
Chris Nelson, chairman of the British Chamber, said ease of doing business has always been "a number 1 concern" for those interested in investing in the Philippines.
"This could be a great signal to further encourage investments in the Philippines," Nelson said in an interview with ANC's Market Edge.
Nelson said he hopes the incoming Congress will also pass measures such as the proposed amendments to the Retail Trade Liberalization Act.
He said this would entice even more investors to come to the Philippines.
British investors are keen on investing in retail, as well as infrastructure, and food and beverage, Nelson said.