Manila, Jan. 9 -- The Department of Finance (DOF) continued to spearhead programs on cutting red tape and improving the ease of doing business in 2018, with the government's online trading portal that automates licensing, permits and other trade procedures going live in December and successfully linking up with other regional economies through the ASEAN Single Window (ASW) System.

President Rodrigo Duterte last May also signed into law the Ease of Doing Business (EODB) Act of 2018, which aims to reduce red tape significantly and "make government more responsive to the needs of entrepreneurs," Finance Secretary Carlos Dominguez III said in the department's yearend report released Wednesday.

"We will complement the EODB Law with several pro...