Home›Statutes›Executive Orders›Executive Order No. 332 (2000)
Executive Order No. 332 (2000)
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;
Section 1.
Creation of Investment Express Lanes Office. There is hereby created an Investment Express Lane Office (—IELO—) under the Office of the President, to be supervised by the Economic Coordinating Council (—ECC—).
Section 2.
Composition of the IELO. The IELO shall be headed by the Vice-Chairman of the ECC. A secretariat is hereby established to assist the Vice-Chairman of the ECC in the performance of his functions.
Section 3.
Functions of the IELO. The IELO shall cause the facilitation, expeditious processing, approval and release of all government permits, licenses and requirements of investment-entities, ODA and BOT projects with a total investment of at least Fifty Million Pesos (P50 ,000,000.00) in the case of agricultural and agri-based projects and One Hundred Million Pesos (P100 ,000,000.00) in all other projects (—Qualified Investors—). In addition, it shall have the following functions:
(a) Serve as the link between the Office of the President and all government agencies and local government units in the processing and approval of registration and licensing requirements and start-up of operations;
(b) Facilitate the expeditious issuance and approval of registration and licensing requirements and other national and local governmental requirements in the start-up and in the ongoing operations of Qualified Investors through the establishment of Investment Express Lanes;
(c) Set time-bound processing of documents and standards necessary for the start-up and operations of Qualified Investors which will shorten existing periods for processing of documents and streamline and improve existing standards affecting Qualified Investors;
(d) Identify bottlenecks often encountered by Qualified Investors and recommend and formulate remedial measures to remove the same;
(e) Assist government departments, agencies, bureaus and corporations and local government units in complying with this Order;
(f) Ensure the consistency and complementation of all issuances, pronouncements, plans, programs and projects, and proposed legislation affecting Qualified Investors; and
(g) Exercise such other powers and perform such other duties as may be required.
Section 4.
Qualified Investors. The Vice-Chairman of the ECC, in consultation with the ECC, may determine an investor to be a Qualified Investor within the meaning of this Order even though the requirements laid down in Section 3 are not met; Provided, that the IELO shall set the criteria for such Qualified Investors in the Implementing Rules and Regulations.
Section 5.
Location of IELs. IELs shall be established in strategic locations as may be determined by the ECC. In addition, an internet website shall be established to facilitate processing, registration and follow-up queries from Qualified Investors.
Section 6.
Transfer of the Administrative Supervision Over the Office of the Investment Ombudsman to the Office of the President. The administrative supervision of the Office of the Investment Ombudsman created under Executive Order No. 180, as amended by Executive Order No. 224, is hereby transferred to the ECC. The Investment Ombudsman shall monitor and ensure that the objectives of this Order are carried out fully and effectively.
Section 7.
Support and Coordination. In fulfilling the objectives of this Executive Order, all government departments, bureaus, agencies and corporations and local government units are hereby required to extend full support to and coordination with the IELO.
Section 8.
Funding. To carry-out the provisions of this Order, the amount of Ten Million Pesos (P10,000,000.00) shall be allotted as initial funding, which shall come from the budget of the Office of the President.
Section 9.
Repealing Clause. All executive issuances or portions thereof inconsistent with this Order, are hereby repealed or modified accordingly.
Section 10.
Effectivity. This Executive Order shall take effect immediately.
DONE, in the City of Manila, this 26th day of December, in the Year of our Lord, Two Thousand.
(SGD.) JOSEPH EJERCITO ESTRADA
By the President:
(SGD.) RAMON B. CARDENAS Senior Deputy Executive Secretary