Secretary Frederick Go, the Special Assistant to the President for Investment and Economic Affairs (SAPIEA), led a high-level meeting with members of the Philippine Investment Promotion Plan-Steering Committee (PIPP-SC) and the 19 investment promotion agencies to discuss plans following the approval of P1.9-trillion investments in 2024.
The meeting focused on strengthening IPA collaboration by aligning mandates and strategies under the recently implemented Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act.
Discussions centered on enhancing investor services and improving inter-IPA coordination to ensure a seamless investment experience for both domestic and international investors.
Go urged IPAs to actively promote CREATE MORE, highlighting its potential to lower business costs, attract foreign investments, and drive sustainable economic growth.
He said the law’s competitive incentive framework would generate quality jobs and solidify the Philippines’ position as a leading investment hub.
The meeting also covered upcoming CREATE MORE roadshows in key global markets—including Korea, the United States, Japan, Europe, the Middle East, and China—aimed at showcasing the Act’s enhanced incentives alongside the Philippines’ natural competitive advantages.
Trade Undersecretary and Board of Investments managing head Ceferino Rodolfo cited the importance of not only increasing investment volume but also prioritizing high-impact sectors such as renewable energy, telecom infrastructure, innovation-driven light manufacturing, and tech-enabled agriculture.
He said these sectors are vital for modernizing the economy and driving long-term structural transformation.
Rodolfo, as chair of the PIPP-SC, also underscored the need for strong inter-agency collaboration to sustain investment growth.