Implementing Rules and Regulations of EODB Act of 2018
The government on Wednesday signed the implementing rules and regulations, or IRR, of the Ease of Doing Business law.
President Rodrigo Duterte in May last year formally inked Republic Act 11032 or the Ease of Doing Business Act of 2018.
The government say that RA 11032 would correct bureaucratic red tape that burdens businesses.
The law, which aims to make government transactions faster, is expected to be fully implemented within the next 2 years with the signing of the IRR.