CREATE MORE to support business expansion - PCCI

The country's largest business organization expects the approval of the CREATE MORE Act to enable businesses to expand and position the Philippines as a globally competitive investment destination.

- Louella Desiderio

In a statement, the Philippine Chamber of Commerce and Industry (PCCI) lauded the signing into law of CREATE MORE or the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy.

The law, which seeks to improve the country's fiscal incentives policies, was signed by President Marcos last Monday.

"CREATE MORE is a crucial step toward further enabling local businesses, empowering SMEs and enhancing the country's attractiveness as an investment destination," PCCI president Enunina Mangio said.