Tag: #CREATE bill
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Think tank urges line-item veto of CREATE bill
Think tank Action for Economic Reforms (AER) has called on President Duterte to line item veto some provisions of the ratified corporate recovery and tax incentives for enterprises (CREATE) bill.
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DOF backstops Congress on reform measures vs COVID-19
The Department of Finance (DOF) worked closely with lawmakers last year in providing technical support leading to swift congressional action on legislative measures that aim to rescue businesses, provide emergency assistance to vulnerable sectors and keep the economy afloat amid the crisis arising from the COVID-19 pandemic.
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Congress urged to focus on ‘doable’ economic bills
With less than two-years left before the Duterte administration ends its term, the Department of Finance (DOF) urged lawmakers during the House constitutional amendments hearing that they should focus on pending measures that are “immediately doable.”
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Charter change to bring more benefits than CREATE – Salceda
Amending the economic provisions of the Constitution will not result in revenue losses for the government unlike the Corporate Recovery and Tax Incentives (CREATE) bill where P1.073 trillion in revenues would be lost once the pending is passed, according to economist congressman Joey Sarte-Salceda.
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Pioneer incentives pushed for LNG projects
The P65 billion worth of liquefied natural gas (LNG) import terminal projects cornered by the government had been proposed for pioneer incentives availment under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Bill that is under continued deliberations in Congress.
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PCCI reiterates call for Congress to prioritize CREATE
As Congress resumes sessions today, January 18, the Philippine Chamber of Commerce and Industry (PCCI), the largest umbrella of business organizations in the country reiterated its call for the august body to focus on the passage of the Corporate Recovery and Tax Incentives for Enterprises (CREATE), a key economic measure seen to help the country’s economy bounce back from the slump it is experiencing as a result of COVID-19 and the lockdown on economic activities.
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Clamor for immediate passage of CREATE bill
Multisectoral groups, comprising of 51 largest and widely-represented private sector associations, have urged for the immediate enactment of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill to boost market confidence, save jobs and provide instant relief to businesses’ suffering from the COVID-19 impact.
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30 business groups to petition for CREATE Bill passage
At least 30 business organizations are signing a Joint Statement of Support calling for the immediate passage of the long delayed Corporate Recovery and Tax Incentives for Enterprises (CREATE) Bill with all the critical features to boost businesses and attract more investors into the country.
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PSE, PDS strongly call for passage of CREATE Bill
The Philippine Stock Exchange, Inc. and the Philippine Dealing System Holdings Corporation have expressed strong support for the passage of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Bill.
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PCCI urges gov’t to prioritize recovery measures, not ‘cha-cha’
The Philippine Chamber of Commerce and Industry, the country’s largest business organization, is calling on government to focus on economic recovery and building resilience against natural and man-made disasters measures rather than the proposed amendments on the Constitution.
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SEIPI sees 7% export rebound this year
The Philippine electronics industry is projecting a 7 percent rebound in exports this year back to the 2019 level at $43.3 billion on strong demand following shortages of automotive electronics for some of the world’s car giants and the prospects of more favorable incentives provision under the CREATE (Corporate Recovery and Tax Incentives for Enterprises) law.
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PH ‘well-positioned’ to sustain trade gains—NEDA
The National Economic and Development Authority (NEDA) said the favorable trade performance last November signaled that the country is well-positioned to take advantage of the improvements in external demand.
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PCCI wants accelerated CREATE enactment
The Philippine Chamber of Commerce and Industry (PCCI) has strongly pushed to fast track the enactment of the Corporate Recovery and Tax Incentives Reform or CREATE bill before yearend.
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PH needs to do more to attract FDIs – MAP
Despite the expected Malacanang approval of the CREATE bill following Senate passage, the Management Association of the Philippines (MAP) said there is still so much to do to attract foreign direct investments.
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Foreign business groups see $50-B FDIs in PH in 10 years
Foreign business groups target a more bullish $50 billion foreign direct investment inflows to Philippines and creation of 3 million jobs over the next ten years with new capital flows into IT-business process management, manufacturing, infrastructure, tourism and mining sectors, encouraged by the approval of a better Corporate Recovery Recovery and Tax Incentives for Enterprises (CREATE) bill at the Senate.
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DOF sees Senate passing CREATE bill in December
The Department of Finance (DOF) sees the light at the end of the tunnel as the Senate is seen to pass the corporate recovery and tax incentives for enterprises (CREATE) bill before the Congress takes its traditional Christmas break in December.
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‘Bold, aggressive, quick’ fiscal policies urged
As the domestic economy continued to battle the impact of COVID-19 and the devastation from successive typhoons, Senator Imee Marcos urged the Duterte administration’s economic managers to be ‘bold, aggressive and quick’ economic stimulus response instead of the current “anemic” stimulus economic package and craft incentive policies that will lure foreign investments rather than scaring investors away.