Secretary of Finance
February 17, 2024
DOF Podium
Senator Win; Secretary Frederick Go; Secretary Maria Christina Roque; fellow government workers: good afternoon.
Allow me first to commend the hard work and diligence of the Fiscal Incentives Review Board, its Technical Committee, and our stakeholders for turning the vision behind the CREATE MORE Act into reality with this IRR.
We have long championed CREATE MORE, and investors—both here and abroad—have been watching and waiting for this moment.
With the signing of this IRR, we now send a clear message to the world: The Philippines means business. We are ready to compete. We are a dependable economic ally. We offer stability amid uncertainty. And yes—we are Trump 2.0-ready.
But as someone who has spent three decades in legislation, I know for a fact that a law—no matter how meticulously crafted—remains only a promise on paper until it is delivered.
A promise alone does not build prosperity. Execution does. And that is where our work comes in.
As we move forward with the actual implementation of the CREATE MORE Act, I urge every stakeholder—from government agencies to the private sector, from investors to ordinary Filipinos—to work closely with us to fully redeem its promises.
To the business sector, in particular, let us continue the strong partnership we forged from the very beginning—from crafting this law together to shaping its IRR, and now, to bringing it to life through execution.
On the part of the government, we are committed to making CREATE MORE not just a tool to attract more investments—but a magnet to keep them here, grow them here, and give every reason for investors to place their trust in the Philippines. Again and again.
Above all, we will ensure that the CREATE MORE Act fulfills its ultimate goal: to create more high-quality jobs for Filipinos, increase their incomes, reduce poverty, and secure a brighter future for them.
Together, let us make CREATE MORE happen. Let us make it deliver. Let us ensure that its gains are felt by every Filipino, and build a lasting impact on future generations to come.
Maraming salamat po. Mabuhay kayong lahat. Mabuhay ang Bagong Pilipinas.