In recent years, the focus has been to simplify the FDI policy regime by abolishing the Foreign Investment Promotion Board, rationalising various procedures, introducing e-biz portal as a single window for obtaining clearances from the central government and using information technology as enabler to make governance more effective.
The champion You may ask, why is the BSP taking on FLAReS? Well, quite simply, external debt management is part of our mandate as the central monetary authority. The Bangko Sentral is mandated by the Philippine Constitution and other pertinent laws to manage the country’s external debt.