CREATE MORE Act to boost PH business growth

CLARK, Pampanga - In order to draw in more foreign investors, the recently passed Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act seeks to strengthen incentives and streamline tax procedures.

This initiative seeks to enhance the business climate by promoting economic growth and attracting both domestic and foreign investment.

At a recent town hall meeting hosted by the Fiscal Incentives Review Board (FIRB) and Clark Development Corp. (CDC), stakeholders were given an update on the newly signed Implementing Rules and Regulations (IRR) of the statute.

President and CEO of the CDC, Atty. The importance of the measure was underlined by Agnes VST Devanadera, who noted that many businesses had put off plans for growth while they awaited the law's completion.

The hybrid seminar, which took place at the CDC Health and Sanitation Training Hall and online, drew over 300 attendees.

Discussions on the main provisions of the law were led by FIRB Assistant Secretary Dakila Napao, who emphasized how the CREATE MORE Act will expedite procedures, draw in investors, and aid in the revival of the economy.