THE Philippines has the potential to become a top investment destination in Asia, but it must undergo a considerable transformation, Special Assistant to the President for Investment and Economic Affairs Frederick Go said.
During the 'Malacañang Insider' program aired on Friday, Go expressed confidence about the Philippines' economic performance as he highlighted his office's priorities for attracting more investments into the country.'It will take a lot of work and I think a lot of transformation of the way we do things to reach that level of being the number one investment destination in Asia,' Go said.
The Corporate Recovery and Tax Incentives for Enterprises Act grants tax relief for companies in financial need in the wake of the Covid-19 pandemic while seeking to provide transparent tax provisions and further increase the competitiveness of the Philippines.The Create More bill, meanwhile, seeks to improve regulations by enhancing tax and administrative incentives available to local and foreign companies.
Economic Czar: PH Can Become Asia's Top Investment Destination
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