Published April 23, 2021, 7:00 AM
Top executives of major Taiwanese manufacturing firms vowed to continue choosing the Philippines for their regional expansion plans.
At the virtual Philippine Investment Forum in Taipei, co-organized by the Philippine Trade & Investment Center (PTIC) in Taipei and the Manila Economic and Cultural Office (MECO) on April 15, 2020, Taiwanese executives, decision-makers, and business leaders said they are seriously looking to expand their business operations .
The forum was highlighted by a discussion by Philippine government officials on the key features of the recently-enacted Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, a hallmark in Philippine legislation which lowers the country’s corporate income tax (CIT) rate and modernizes the country’s investment incentives that are competitive, transparent, time-bound, targeted, and performance-based.