The Department of Finance (DOF) said it will continue to foster an environment that is conducive to employment-generating investments after the Philippines recorded a historic-low unemployment rate. In a statement on Wednesday, the DOF said the government is committed to pushing more strategies that will further boost labor and improve employment conditions.
“Quality jobs need to be created in sectors with current labor supply constraints, as well as in other higher value-added sectors like BPO, IT, construction, accounting, and healthcare, among others,” Finance Secretary Ralph G. Recto was quoted in the statement as saying. The Finance department said the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act will attract more strategic investments in the country. The DOF said they will ensure the “efficient implementation” of the CREATE Act and is working on amending the law to further address the concerns and tailor-fit the incentives of the investors
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