The SEIPI is urging the government anew to revisit the incentives rationalization in the CREATE law to avoid the diversion of expansionary plans from the Philippines to other Asian countries.
THE Semiconductor and Electronics Industries in the Philippines Foundation, Inc. is urging the government anew to revisit the incentives rationalization in the Corporate Recovery and Tax Incentives for Enterprises Act law to avoid the diversion of expansionary plans from the Philippines to other Asian countries.
“I’ve been telling the Senate and the previous administration that the electronics industry today will not look like what we have today in nine years,” the SEIPI chief told a recent forum organized by the Board of Investments . “The leaders are India and Vietnam and the laggards are the Philippines and Malaysia; but surprisingly Malaysia is getting more investments than the Philippines,” Lachica pointed out.
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