President Ferdinand Marcos Jr. on Monday said several of the investment commitments that his administration has secured are already in motion and are expected to generate hundreds of thousands of jobs.“A substantial number of investment pledges have already commenced operations, with many more at various stages of development,” Marcos said in his third State of the Nation Address .
The President also said that the rationalized incentives scheme under the CREATE Act “has also made possible the generation of investments amounting to more than one trillion pesos, and more than a hundred thousand new jobs.”In 2023, the BOI reported that it has approved P1.16 trillion worth of investment pledges—the highest ever in the agency’s history. “This promising state of affairs is now beckoning us to create more — through the passage of the CREATE MORE Act,” Marcos said.