00:00The government is more inclined to encourage and support the creation of investment roadshows and tax incentives from Create More Law.
00:08According to Secretary Frederick Goh, this will strengthen the economy and create more jobs for Filipinos.
00:16Lloyd Lagusan has the details.
00:21Jobs for Filipinos.
00:23This is what Special Assistant to the President for Investment and Economic Affairs, Secretary Frederick Goh,
00:29is planning for the government's roadshows in various countries.
00:33His goal is to encourage investors to move to the Philippines.
00:37This is after implementing rules and regulations of IRR for Create More Law
00:43that will have tax incentives for local and foreign companies.
00:59How it will improve the ease of doing business, how it will reduce the cost of doing business.
01:29Create More Law is not only an incentive for foreign companies, but also for local companies here in the country.
01:51In the past 2024, the country recorded an investment of 1.95 trillion pesos.
01:57The highest in the history of the Philippines, higher than 33% compared to 2023.
02:19Meanwhile, there is also a desire to have an electric vehicle industry in the country.
02:24That is why they are currently looking at how this can be supported.
02:28Public transportation is the first industry they see for the development of electric vehicles.
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