Three departments have signed a joint memorandum circular (JMC) to streamline and harmonize investment facilitation efforts, cut red tape and attract more capital.
The Department of Finance (DOF), the Department of Economy, Planning and Development (DEPDev) and the Department of the Interior and Local Government (DILG) signed the JMC, which establishes the Investment Facilitation Network (INFA-Net).
DOF Secretary Ralph Recto signed the circular on June 17, 2025, followed by DEPDev Secretary Arsenio Balisacan on June 23 and DILG Secretary Juanito Victor Remulla on July 7. The JMC underscores the agencies’ commitment to simplify processes, enhance coordination, and boost support for strategic and high-impact investments in the Philippines.
Officials from the Board of Investments (BOI), the Special Assistant to the President for Investment and Economic Affairs (SAPEIA) and INFA-Net member agencies gathered for a ceremonial signing on June 2. Among those present were Trade Secretary and BOI chairman Cristina Roque, Special Assistant to the President for Investment and Economic Affairs (SAPIEA) Secretary Frederick Go and BOI managing head and DTI Undersecretary Ceferino Rodolfo.
The JMC operationalizes a “whole-of-government” approach to investment facilitation, aligning with key policy directives such as Executive Order No. 18 on Green Lanes for Strategic Investments, EO No. 32 on streamlining permits for telecommunications and internet infrastructure and EO No. 59 on streamlining permits for infrastructure flagship projects.
Roque described the JMC as a significant step towards a truly coordinated, government-wide approach to investment facilitation.
She said it aims to bolster inter-agency coordination, accelerate investor facilitation, and streamline regulatory processes to boost both local and foreign investments.
The initiative aligns with President Ferdinand Marcos Jr.’s “Bagong Pilipinas” vision, which seeks to foster a more agile, investor-focused government to deliver sustainable and inclusive economic growth.
It signals the government’s shared commitment to remove barriers and reduce bureaucracy, sending a clear message that the Philippines is “open for business.”
The JMC is being routed to the heads of other agencies who also had representatives at the ceremonial signing.
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