The Board of Investments (BOI), the government’s premier investment generating agency, officially kicked off its CREATE MORE Roadshows starting with companies operating in the country before starting its campaign overseas this month, April.
The first roadshow on March 27, 2025 held at Dusit Thani in Makati was attended by diverse group of representatives from Investment Promotion Agencies (IPAs), the Joint Foreign Chambers of the Philippines (JFC), the Philippine Chamber of Commerce and Industry (PCCI), and foreign embassies.
In his keynote message, Special Assistant to the President for Investment and Economic Affairs Secretary Frederick D. Go reiterated the government’s focus on driving reforms and initiatives that elevate the country’s global competitiveness. He encouraged investors to be part of the Philippines’ growth story, highlighting that “Now is the time to invest in Southeast Asia’s economic superstar. This is the time to CREATE MORE—more investments, more jobs, and more opportunities.”
SAPIEA Go showcased the strength of the Philippine economy and the significant strides the government has achieved in creating a conducive business environment. He also underscored the importance of collaboration between the government and private sector in ushering in investment-led growth that will fuel the country’s economic progress.
Republic Act No. 12066, also known as the CREATE MORE, was signed into law in 2024 to bolster the country’s investment climate by offering longer tax incentives, clearer VAT zero rating treatment, additional enhanced deduction, flexible work arrangements, and alignment of imposition of local tax. The law aims to create a more business-friendly environment that fosters job creation and drives sustainable economic growth, positioning the Philippines as a top investment destination in Asia.
Following the enactment of CREATE MORE, its interim implementing rules and regulations (IRR) were approved in the same year, enabling the immediate implementation of provisions on registration, the transfer of old registrations to the enhanced regime under CREATE and CREATE MORE, and VAT incentives pending full implementation. The full IRR took effect on 20 February 2025, which paved the way for the launch of the roadshow series to ensure a smooth transition for businesses and support the granting of expanded and improved incentives.
BOI Investment Policy and Planning Service Director Sandra Recolizado elaborated on the projects and activities eligible for incentives under the Strategic Investment Priority Plan (SIPP). Earlier this year, the BOI conducted public consultations on the draft 2025 SIPP in Luzon, Visayas, and Mindanao, with the draft 2025-2027 SIPP currently underway.
BOI Managing Head Ceferino Rodolfo emphasized two critical points: “First, the primary importance we are giving to investors who already here, both for your expansion and new projects. We enjoin you to more closely collaborate with us as ambassadors and advocates of investment promotion in the Philippines.” He added, “Second, we equally value both foreign and domestic investors, attaching significance to Foreign Direct Investments (FDIs) and domestic Philippine-based investments.”
DTI Secretary Cristina Roque emphasized, “The CREATE MORE represents an unprecedented opportunity for the Philippines to strengthen its position in the global market. As we continue to push for innovation and development in our priority sectors, the government is committed to ensuring that every investor, whether foreign or local, receives the support and resources needed to thrive in the Philippine business ecosystem.”
With upcoming roadshows in Cebu and Davao, the BOI is set to engage even more investors across the country and further encourage participation in the growing Philippine economy.
The international kick off of CREATE MORE will happen in South Korea this April and the agency expects more investments promotion missions to market the Philippines for the rest of the year.
