Government Revs Up Investment Drive Create More Roadshows to Woo Investors Worldwide

Government Revs Up Investment Drive Create More Roadshows to Woo Investors Worldwide

The Philippine government has embarked on an ambitious initiative to promote its newly implemented reforms aimed at making the country a preferred investment destination. The recently signed Create More Act is a significant boost for investors, and the government is keen to showcase its benefits worldwide.

Unlocking Investment Opportunities

To achieve this goal, Special Assistant to the President for Investment and Economic Affairs Frederick Go revealed that the government plans to conduct international roadshows starting in March or April. The first stop will be Korea, followed by visits to the US, Japan, Europe, the Middle East, and China. This strategic move aims to connect with investors globally and highlight the country's attractive investment opportunities.

Unlocking Growth Potential

The implementing rules and regulations (IRR) of Create More were signed on Monday, marking a crucial milestone in the government's efforts to enhance the ease of doing business in the Philippines. The IRR seeks to provide more jobs for Filipinos, clarify value-added tax (VAT) rules, and strengthen governance and accountability.

Creating Long-Term Gains

According to Finance Secretary Ralph Recto, the goal of Create More is not just to attract investments but to keep them here and grow them here. The government is committed to making Create More a tool to deliver long-term gains for every Filipino, creating a lasting impact on future generations.

Fiscal Prudence

The Fiscal Incentives Review Board (FIRB) has been tasked with conducting impact evaluations to guide the President in deciding whether to grant fiscal and non-fiscal incentives to highly desirable projects. This ensures that tax incentives are administered prudently while still attracting investments.

A Bold Move

In a bold move, the government is taking its message on the road, showcasing the benefits of Create More to investors worldwide. With confidence, the government is poised to make a lasting impact on the economy and create more opportunities for Filipinos.

Key Takeaways

The Philippine government has launched overseas roadshows to promote the recently implemented reforms under the Create More Act.
The IRR of Create More aims to provide more jobs for Filipinos, clarify VAT rules, and strengthen governance and accountability.
The FIRB will conduct impact evaluations to guide the President in granting fiscal and non-fiscal incentives to highly desirable projects.

Conclusion*

The government's efforts to promote Create More are a testament to its commitment to making the Philippines an attractive investment destination. With determination, the government is poised to unlock growth potential, create long-term gains, and make a lasting impact on the economy and the lives of Filipinos.

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.