“The SMC president firmly believes that the long-term benefits to the country of the ecozone would far outweigh and outnumber any supposed ‘losses’ due to the grant of incentives to future investors.”
The Senate version of the bill was authored by no less than elder presidential sister Senator Imelda “Imee” Romualdez Marcos. Ang points out that the Bulacan economic zone if approved, could be managed by the Philippine government, and any tax incentives to be given to investors will still pass the Department of Finance’s Fiscal Incentives Review Board review and approval process, to ensure these are aligned with the CREATE Law.
The SMC president firmly believes that the long-term benefits to the country of the ecozone would far outweigh and outnumber any supposed “losses” due to the grant of incentives to future investors. Ang explains: “Incentives are really a way for government to attract much-needed investments into our country, especially now that we are all pulling together to help our economy not just recover, but continuously grow in the post-pandemic era.
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