PEZA Eyes Stronger Investment Inflows with CREATE MORE IRR

The Philippine Economic Zone Authority (PEZA) expects a surge in investor interest following the signing of the implementing rules and regulations (IRR) of the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act.

PEZA Director General Tereso Panga expressed confidence that the IRR will provide clarity and streamline the law’s implementation, enhancing the Philippines' appeal to both foreign and local investors.

"It is a product of conjoined efforts that will surely attract more interest in the Philippines and pave the way for future investment growth,” Panga said in a statement.

On February 17, Finance Secretary Ralph Recto and Trade Secretary Ma. Cristina Roque led the signing of the CREATE MORE IRR, strengthening PEZA’s role in driving economic expansion, promoting regional development, and generating jobs.

Panga emphasized that the CREATE MORE Act aligns the country’s investment policies with global standards, making the Philippines more competitive. He noted that new policies, combined with a skilled workforce, a business-friendly environment, and strong government support, would attract fresh investments while encouraging existing investors to expand their operations.

Even before the IRR’s signing, PEZA had already secured commitments from key investors. Japanese firm P.Imes Corp. signed a registration agreement to expand its high-tech manufacturing operations in the Cavite Economic Zone, focusing on industries such as electronics, automotive, medical, and semiconductors.

Additionally, PEZA signed a memorandum of understanding (MOU) with Karl Group Holdings Corp. (KGHC) to develop pharmaceutical ecozones aimed at attracting manufacturers and research institutions. These ecozones are expected to become strategic hubs for medical innovation and healthcare-related industries, reducing the country’s reliance on imported medical supplies.

“This partnership aligns with PEZA’s initiative to integrate ecozone domestic production into the value chain, reducing import dependence—particularly in the medical and pharmaceutical sectors,” PEZA stated.

With the CREATE MORE Act now in effect and growing investor confidence, PEZA remains optimistic about sustaining investment momentum, fostering economic resilience, and driving long-term growth in the Philippines.