DOF: CREATE MORE Act, layong palakasin ang ekonomiya ng bansa sa pamamagitan ng paghikayat ng investors

PTVPhilippines

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Transcript

00:00Meanwhile, during the holiday season and before the end of the year,

00:04the administration of President Ferdinand R. Marcos, Jr.

00:07brought an important reform for the economy.

00:11This is through the implementation of Republic Act No. 12066

00:16or the Corporate Recovery and Tax Incentives for Enterprises

00:21to Maximize Opportunities for Reinvigorating the Economy or Create More Act.

00:27Create More Act.

00:28According to Finance Secretary Ralph Recto,

00:30the Create More Act is an important reform

00:33to gain the trust of foreign investors to lead and strengthen local businesses.

00:39Investors from Japan, the US, and the UK approved the law

00:44because of its solution to long-standing issues

00:47to make the country a prominent destination for business.

00:52It is also expected that the Create More Act

00:55will lead to more jobs and economic growth in 2025 and in the years to come.

01:02Remember that the Create More Act was passed as a law on November 11 this year.

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