Lopez stated his challenge to LGUs during the 4th Regional Competitiveness Summit held at the Philippine International Convention Center on Thursday, where leaders of cities and municipalities across the country attended the event.
At the sidelines of the summit, the official told reporters that he targets for one-day transaction for those with five- to 10-day processing period.
He added that even his own department is planning how to implement one-day processing and approval of business registration.
Lopez said the DTI intends to approve first the applications for business registration before checking for their complete compliance.
“Our proposal is give them curing period for compliance for them to be able to comply. If they don’t comply, revoke (the registration),” the new DTI chief said.
“But I’m sure they’ll work on that but they don’t have to wait for one month or two months just for them to be registered,” he added.
Lopez clarified that this fast tracking processing time does not mean lowering the standards or compliance for concerns such as safety and sanitation among many others.
“It’s just having a new sequence,” he stressed. (By Kris M. Crismundo, PNA)