Manila, Jan. 18 -- ncome exchanges have called on Congress to swiftly pass the proposed Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) to make the Philippines an attractive investment hub in the region and the domestic capital market a viable venue for raising funds.
In a joint statement sent to Finance Secretary Carlos Dominguez III, the Philippine Stock Exchange, Inc. (PSE) and the Philippine Dealing System Holdings Corp. (PDS) expressed their strong support for CREATE, which they described as "a landmark bill in a series of reform measures undertaken by this administration."
"We respectfully urge both houses of Congress to prioritize the immediate passage of the CREATE bill so that the country can fully reap the ben...