Duterte OKs strategic investment priorities plan

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President Rodrigo Roa Duterte talks to the people after holding a meeting with key government officials at the Malacañan Palace on May 23, 2022.

Presidential photo / King Rodriguez

 

MANILA, Philippines — President Rodrigo Duterte has approved this year's strategic investment priority plan, which contains activities related to the fight against the COVID-19 pandemic and efforts to promote economic resilience.

 

The approval of the 2022 Strategic Investment Priority Plan is contained in Memorandum Circular No. 61 signed by Executive Secretary Salvador Medialdea by authority of the president last May 24.

 

The Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act signed by Duterte in 2021 mandates agencies administering tax perks and the private sector to formulate the strategic investment priority plan and submit it to the President for approval. The document is the first list of priority activities that can avail of tax perks under the CREATE Act. 

 

Full Story: https://www.philstar.com/headlines/2022/05/26/2183900/duterte-oks-strategic-investment-priorities-plan

 

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