BOI cites strong interest from US companies

Published June 23, 2021, 7:00 AM
There has been strong interest from American firms to invest in the Philippines from manufacturing, infrastructure and services, according to the top official of the Board of Investments (BOI).
At the virtual Philippines-US Make It Happen In the Philippines Business Dialogue, BOI Managing Head Ceferino S. Rodolfo said they received lots of interest from American firms following the passage of the CREATE Law after two years of waiting. The CREATE Law is seen as a game changer in the race to attract foreign direct investments because of its competitive tax and fiscal incentives regime.
“It’s well worth the wait. In terms of private sector interest from US companies, we have seen strong interest,” said Rodolfo adding “There’s been strong interest from American companies from a range of manufacturing, all the way to infrastructure and services.”

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