4 days NEDA wants gov’t regulations efficient, competitive MB |Biz
By Chino S. Leyco The National Economic and Development Authority (NEDA) urged government agencies to ensure their policies, regulations, and other interventions promote market efficiency and do not inhibit competition and innovation. Ernesto M. Pernia In a statement, Socioeconomic Planning Secretary Ernesto M. Pernia said that businesses and consumers benefit from greater efficiency and market competition, thus government processes, rules and regulations, as well as issuances, should not be overly restrictive. According to Pernia, too much restrictions result in undue and unnecessary burden to businesses, consumers, and the public at large. “We need to have a regulatory environment that encourages ... more