BOI roadshow drumbeats P3.38T in investments
A BOARD of Investments (BOI) roadshow in Cebu highlighted the country’s gains since the passage of the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (Create More) Act.
The law, or Republic Act 12066, enhances the country’s investment climate by extending tax incentives, introducing additional deductions, clarifying VAT zero-rating treatments, facilitating flexible work arrangements, and harmonizing local taxation.
Mariane Geneloy Reyes, BOI Research and Policy Division Chief Investments Specialist, said a total of P3.38 trillion in outlays had been approved when the Strategic Investment Priority Plan (SIPP) took effect from June 2022 to December 2024.
The SIPP identifies projects eligible for fiscal incentives under Create More.
The biggest investments consisted of renewable energy projects worth P2.58 trillion; digital infrastructure, P95.14 billion; and logistics and supply chain, P168.24 billion.
“These figures demonstrate the country’s strong positioning to attract high-value, sustainable, and forward-looking investments,” the BOI said in a statement.
The SIPP categorizes projects into three tiers: I for job creation and essential sectors; II, competitive and resilient industries; and III, innovation and technology.
At the Cebu presentation, Bobby Fondevilla, BOI Investments Assistance Center Executive Director, discussed Create More’s expanded menu of incentives that includes longer periods of income tax holidays and enhanced deductions for qualified enterprises.
The law has also institutionalized flexible work arrangements for registered business enterprises in special economic zones.
Jennifer Bretaña, Regional Director of the Department of Economy, Planning, and Development, discussed Central Visayas’ favorable outlook for economic growth, citing political stability, infrastructure development, and workforce upskilling as key enablers of continued regional expansion.
The Create More roadshow concluded in Davao City on June 10, which gathered over 100 industry stakeholders, members of the diplomatic corps, and government representatives.
Mindanao Development Authority (MinDA) Secretary Leo Magno said the region has become ”a growth engine with a capacity to transform industries, uplift communities, and power a more inclusive Philippines.”