Results of separate tracer studies for the development of the country’s energy and telecommunications sectors will be release in the first quarter of 2026, according to the Anti-Red Tape Authority (ARTA) that is conducting the studies,
ARTA said the two tracer studies aim to help streamline processes and attract more foreign investors. The initiative is supported by the British Embassy Manila.
Aside from these sectors, ARTA is also streamlining processes for the semiconductor industry, ARTA Director-General Ernesto Perez said.
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.
“With this, we hope to attract more investors and we’re getting investors expressing interest to invest in the Philippines,” Perez added.
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.”
“Because we always believe that regulatory agencies should not mistake about strictly regulating but actually facilitating. By facilitating, we are able to attract much needed foreign direct investments that will drive this economy forward,” he said.
PNA PHOTO