The PBR would serve as a one-stop shop for transactions involving several government agencies in the process of starting a business. Government agencies interlinked under the PBR, include the DTI, Bureau of Internal Revenue, Social Security System, Home Development Mutual Fund, Philippine Health and Insurance Corp., and Securities and Exchange Commission.
DTI said the PBR will eliminate red tape and strengthen government efforts to give the people the quality of service they deserve. In addition, DTI said that PBR will make the Philippines more attractive to investors and eventually improve its global competitiveness ranking.
DTI expects that with faster processing of business permits through the BPR, it will attract potential for more investments in tourism and agribusiness.