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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 332 - CREATING
THE INVESTMENT EXPRESS LANE OFFICE UNDER THE OFFICE OF THE PRESIDENT
AND TRANSFERRING THE ADMINISTRATIVE SUPERVISION OF THE INVESTMENT
OMBUDSMAN TO THE ECONOMIC COORDINATING COUNCIL
WHEREAS,
there is an urgent need to attract, generate and sustain a high level
of investments in agriculture, industry, services, construction,
transport, road networks, irrigation, major infrastructure activities,
telecommunications and other sectors from local and foreign investors;
WHEREAS, there is a further need to fast-track and facilitate
pump-priming projects, whether through Official Development Assistance
(“ODA”), Build-Operate-Transfer (“BOT”) schemes, or private
investments, which would sustain development and growth efforts of
government;
WHEREAS, in order to attract pump-priming activities, government should
take a more proactive stance to provide assistance to current and
potential investors, expedite the screening and approval process for
ODA and BOT projects, and facilitate and coordinate the processing of
all documents, clearances, permits and other requirements for the whole
duration of these projects and investments;
WHEREAS, there are already numerous government agencies handling and
facilitating investments and funding for pump-priming projects,
including the NEDA-Investment Coordinating Council (“NEDA-ICC”),
Investment One-Stop Action Center (“OSAC”) and the Investment Promotion
Units (“IPUs”) under the Board of Investments, and the Office of the
Investment Ombudsman (“OIO”);
WHEREAS, despite the work undertaken by these agencies, there remains
an urgent need to refocus, consolidate and strengthen existing
government offices and agencies currently processing and facilitating
these investments in order to make government more responsive to the
needs of investors in view of the highly competitive global environment;
WHEREAS, in order to place the highest priority on facilitating
pump-priming projects, an Investment Express Lane Office (“IELO”)
should be created under the Office of the President which will
fast-track and facilitate the flow of investments into the
country;
WHEREAS, there is a need to transfer the Office of the Investment
Ombudsman, which is under the administrative supervision of the
Department of Trade and Industry, back to the Office of the President
under the direct supervision of the ECC;
WHEREAS, the President has continuing authority to reorganize the
administrative structure of the Office of the President pursuant to
Executive Order No. 292 (Administrative Code of 1987);
WHEREAS, under the General Appropriations Act, the President may direct
changes in the organization and key positions in any department, bureau
or agency;
NOW, THEREFORE, I, JOSEPH EJERCITO ESTRADA, President of the Republic
of the Philippines, by virtue of the powers vested in me by law and the
Constitution, do hereby order the following:
Section 1.
Sec. 2.
Sec. 3.
(a)
(b)
(c)
(d)
(e)
(f)
(g)
Sec. 4.
Sec. 5.
Sec. 6.
Sec. 7.
Sec. 8.
Sec. 9.
Sec. 10.
DONE, in the City of Manila,
this 26th day of December, in the Year of Our Lord, Two Thousand.
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