INVESTMENT promotions agencies and business groups hailed President Ferdinand Marcos Jr.'s signing of Republic Act (RA) 12066 or the Create More (Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy) Law, which amended corporate income taxes with generous incentives.

The Philippine Economic Zone Authority (PEZA) said it strengthens the government's ability to attract foreign direct investments and positions the Philippines as a competitive destination for export-driven industries.