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  "documentTitle": "Doing business in the Philippines 2021",
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      "text": "The government recognizes the pivotal role of private sector investments in improving the country's business climate and uplifting the lives of our countrymen. That is why—guided by President Rodrigo Roa Duterte's 10-point Socio-Economic Agenda—we continue to pursue initiatives that liberalize investment rules and regulations to promote the entry of foreign investments.",
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      "text": "Just recently, President Duterte signed the game-changing Corporate Recovery and Tax Incentives for Enterprises Act (or CREATE), which will reduce investor uncertainty, address issues on transition, and remove export bias, among others. Moreover, the implementation of the Regional Comprehensive Economic Partnership (RCEP) Agreement will play a major role in the country's growth strategy as this establishes a modern, comprehensive, high-quality, and mutually beneficial partnership that will facilitate the expansion of regional trade and investment and contribute to global economic development. In addition, the Philippine government is continuing the rollout of the massive infrastructure program, \"Build, Build, Build,\" which includes additional projects that are ready for implementation and are responsive to the country's post-pandemic needs.",
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      "text": "In recent years, our country has grown into one of the strongest economies in Asia, which can be attributed to our young and dynamic population and supported by the resurgence in the manufacturing sector. And despite the setbacks and challenges of the pandemic, we continue to see signs of recovery with the safe, gradual, and calibrated reopening of the economy.",
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      "text": "On the part of DTI, we continue to engage in public service initiatives to accelerate our country's recovery. Through the Board of Investments (BOI), we launched \"Make it Happen in the Philippines,\" a global investment campaign to promote the country as an ideal business destination in Asia. Last year, we also implemented our economic recovery plan, the REBUILD strategy, which stands for \"Revitalizing Businesses, Investments, Livelihoods, and Domestic Demand,\" to jumpstart and reinvigorate the Philippine economy by revitalizing consumption and enhancing production capacity.",
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      "text": "With this whole-of-government and whole-of-society approach, we are confident that the coming years will provide more opportunities for Filipinos. And as we build back better in a post-pandemic future, we look forward to working closely with you in creating a more conducive business environment that fosters inclusive economic growth and further enhances our country's competitiveness. Our goal is that with your support, we will be able to generate more jobs and employment for our people, which would give them a more comfortable and higher quality of life.",
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      "text": "On behalf of the Department of Trade and Industry (DTI), let me offer my warmest congratulations to Deloitte Philippines as it publishes its 2021 Doing business in the Philippines guide.",
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