Game-changing legislative reforms make PH attractive to investors — PBBM

MANILA — President Ferdinand R. Marcos Jr. on Tuesday renewed the administration’s commitment to create a conducive business environment in the Philippines, boosting the country’s pro-investor legislative measures.

In his speech during the Indo-Pacific Business Forum (IPBF) in Taguig City, President Marcos said the “game-changing” reforms in terms of legislation underscores the dedication of the government towards attracting and supporting foreign investments.

The President identified the reforms such as the Corporate Recovery and Tax Incentives for Enterprises (CREATE) ACT, the Ease of Doing Business Act and the Green Lanes for Strategic Investments Executive Order.

President Marcos said the CREATE More Act “represents a significant leap forward” as the Philippines expands and refines the incentives introduced under the CREATE Act, making the country even more attractive for investments.

“With CREATE More, we enhance the existing incentives by widening the range of eligible activities and providing greater flexibility in the application process. Additionally, it streamlines administrative procedures, reducing bureaucratic hurdles [and] making it easier for businesses to access these benefits,” President Marcos said.

“Through these reforms, we assure you that the Philippine government is fully committed to supporting and facilitating your business endeavors in our country. We extend our hand in partnership and stand ready to provide any assistance that you may require as you navigate the business landscape in the Philippines,” he added.

During the official working visit of the chief executive to the US in May 2023, both Presidents Marcos and Joe Biden agreed to co-host the IPBF, which is the United States’ marquee commercial event in the Indo-Pacific Region. (PND)

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