President Ferdinand 'Bongbong' Marcos Jr. signs the CREATE MORE Act into law on Monday, November 11, 2024 at the Malacañang Palace. The new law, which aims to position the Philippines as a top investment destination and drive investments-led economic growth, amends the National Internal Revenue Code of 1997 and enhances the country's fiscal incentives framework. It extends the maximum duration of tax incentives for strategic investments from 17 to 27 years and reduces the corporate income tax rate for registered business enterprises to 20%. Yummie Dingding/PPA pool