MANILA, Apr. 24 — Top-ranking Taiwanese executives with extensive business and manufacturing operations in the Philippines expressed their strong confidence in continuing to choose and “Make It Happen” in the Philippines to further grow their businesses during the.
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.