Philippines Signals Investment Push with Tax Reforms and Infrastructure Focus
The latest in this situation
How it started
What happened
The Philippine government has advanced several economic reforms aimed at improving the investment climate. Under the CREATE MORE Act, President Ferdinand R. Marcos, Jr. signed the law in November 2024, which reduced the corporate income tax from 25% to 20% for registered businesses under the enhanced deduction regime. Investment approvals across all agencies reached P1.9 trillion in 2024 and 2025, with 895 projects approved under the Act's tenure.
From bworldonline.com
Why it matters
These measures include the Public-Private Partnership Code and enhanced fiscal regimes for large-scale mining. Business groups have noted that while the administration addresses issues like food inflation and job creation, they require concrete plans regarding regulatory certainty and ease of business operation. Furthermore, the government is focused on energy security by planning to bring online 10,000 megawatts of power capacity from 200 projects through 2028.
Who's involved
- PhilippinesGeopolitical state undergoing economic reforms to attract investment.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- PhilippinesSpeculative
The country might see its investment climate improve due to tax incentives and infrastructure targets.
How it developed
Newest first. Tap a step to see who reported it.- Arsenio Balisacan provided advice regarding the economic outlook and labor market trends in the Philippines.Sub-event
- A budget briefing was held in the House of Representatives where the Philippine Institute for Development Studies monitored poverty reduction efforts and analyzed national poverty trends.Sub-event
- Advocates recommend that the Philippine economy shift its focus from relying on consumption to prioritizing investment for sustainable growth.Sub-event
- President Marcos addresses energy and food security while business chambers advocate for economic reforms in the Philippines.Sub-event
Reforms and improved transparency are boosting investor confidence and supporting key industry growth.1 source
- Income upgrade raises investor standards for the Philippines.Sub-event
Philippines seeks reforms for economic resilience.1 source
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The entities involved
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Philippines
archipelagic country in Southeast Asia
- Negotiations regarding the Code of Conduct (COC) in the South China Sea are underway, with both the Philippines and China committed to concluding talks.
- Citicore Renewable Energy Corp. is expanding its renewable energy presence in the Philippines by constructing solar projects in Batangas, backed by syndicated project financing from several banks.
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Arsenio Balisacan
Filipino economist, academic, and government official
Nothing else this week.
Related events
- Mark Villar announces a move aimed at boosting the Philippine economy and ensuring stability.
- Philippines seeks a transition model similar to South Korea and Taiwan through a flagship industrial initiative led by the Marcos administration.
- Marcos administration leads the Philippine economy while regional tensions affect stability.
- The Philippines' P7.2-trillion national budget is facing calls for tighter scrutiny.
Coverage
Newest first; wire copies grouped- bworldonline.com
- philstar.com
- sunstar.com.phCCCI backs Sona pitches
- philstar.com
- aninews.in
- sunstar.com.ph