00:00Meanwhile, during the holiday season and before the end of the year,
00:04the administration of President Ferdinand R. Marcos, Jr.
00:07brought an important reform for the economy.
00:11This is through the implementation of Republic Act No. 12066
00:16or the Corporate Recovery and Tax Incentives for Enterprises
00:21to Maximize Opportunities for Reinvigorating the Economy or Create More Act.
00:27Create More Act.
00:28According to Finance Secretary Ralph Recto,
00:30the Create More Act is an important reform
00:33to gain the trust of foreign investors to lead and strengthen local businesses.
00:39Investors from Japan, the US, and the UK approved the law
00:44because of its solution to long-standing issues
00:47to make the country a prominent destination for business.
00:52It is also expected that the Create More Act
00:55will lead to more jobs and economic growth in 2025 and in the years to come.
01:02Remember that the Create More Act was passed as a law on November 11 this year.
