Recto pitches CREATE MORE Act to global investors at WEF

Finance Secretary Ralph G. Recto is urging global investors to consider the Philippines as their next business hub during his visit to the World Economic Forum (WEF) in Davos, Switzerland.

Recto highlighted the recently enacted Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act, which aims to boost economic growth through tailored fiscal incentives.

The Department of Finance projects a 6% to 8% growth target range for 2025-2028 but emphasizes that reaching the upper end depends on securing significant investments from global firms.

Recto and his team organized a Philippine Breakfast Interaction with Investors at WEF, attended by nearly 50 global business and government leaders, to discuss potential investment opportunities in high-impact industries.

The finance chief also emphasized the Philippines' growing digital economy, citing its position as the fastest-growing in Southeast Asia according to recent reports.