BOI, HLURB to expedite processing of housing permits, clearances

THE Board of Investments (BOI) and the Housing and Land Use Regulatory Board (HLURB) have agreed to fast track the processing of applications of various housing permits, licenses and clearances to promote ease of doing business in the country, a BOI official said on Tuesday.

Trade Undersecretary for Industry Development and BOI Managing Head Ceferino Rodolfo said the two agencies signed a memorandum of agreement (MOA) late last year in order to further simplify business processes and requirements for housing and real estate projects and to make business transactions in the country more investor-friendly.