The document discusses reforms to streamline business permit licensing systems in the Philippines. It notes that the Philippines currently ranks low in various competitiveness metrics. The reforms aim to simplify and standardize the business licensing process, computerize it, improve customer relations, and institutionalize the changes. The benefits are expected to include improved governance image, increased investor confidence, revenues and transparency, and reduced underground economy. The reformed system establishes a single, unified application form and five-step process that can issue permits within five days.