Philippines to tout CREATE MORE investment perks on roadshow
The Board of Investments is the lead investment promotion agency in the Philippines. Image from the BOI Facebook page
MANILA, Philippines — The government of the Philippines is set to embark on a global investment roadshow across key markets such as South Korea, the United States, Japan, Europe, the Middle East and China.
This planned roadshow is intended to promote new incentives under the government’s recently passed tax reform program.
The Board of Investments (BOI) said in a statement that all 19 government investment promotion agencies (IPAs) participated in a meeting last Feb. 21 in preparation for the sortie.
The BOI said that the meeting focused on strengthening collaboration among the IPAs by aligning their mandates and strategies with the Republic Act No. 12066.
The act is also known as the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) law.
‘Seamless investment experience’
“Discussions during the meeting included ways on improving investor services, and fostering efficient inter-IPA coordination to create a seamless investment experience for both domestic and international investors,” the BOI said.
Aside from the BOI, the IPAs represented in the meeting include the Aurora Pacific Economic Zone and Freeport Area , Authority of Freeport Area of Bataan, Bases Conversion and Development Authority, Bangsamoro Board of Investments, Cagayan Economic Zone Authority, Clark Development Corp., Clark International Airport Corp., John Hay Management Corp., and the Mindanao Development Authority.
Also represented were the Bangsamoro Ministry of Trade, Investments, and Tourism; Philippine Economic Zone Authority; Philippine Retirement Authority; Phividec Industrial Authority; Poro Point Management Corp.; Subic Bay Metropolitan Authority; Subic Clark Alliance for Development Council; Tourism Infrastructure and Enterprise Zone Authority and Zamboanga City Special Economic Zone Authority .
The BOI said the meeting was aimed at sustaining momentum following a record-high P1.9 trillion in approved investments in 2024. Frederick Go, Special Assistant to the President for Investment and Economic Affairs, led the high-level discussions.
