The Philippine Trade and Investment Center, Consulate General of the Philippines in Osaka

LOOK: The Joint Foreign Chambers of the Philippines (JFC) commended the government on the recent enactment of the Republic Act (RA) No. 12066 or the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act. According to a report, the organization cited the law’s impact on making the country a competitive destination for investments and business expansion. The JFC highlighted that key provisions of the CREATE More Act include the establishment of a simplified Value-Added Tax refund system and a clarified VAT regime for registered businesses. “The processing of claims for refund of taxes in the Philippines can take over 5 years. These measures are designed to streamline and reduce delays in tax processes and create a more attractive investment landscape,” the organization said. The CREATE MORE Act was signed into law on November 11, 2024, which makes the Philippines’ tax incentives regime more globally competitive, investment-friendly, predictable, and accountable. This new law will enhance the ease of doing business in the country; clarify value-added tax rules; provide more attractive tax incentives; strengthen governance and accountability; and make clear transitory rules for pre-CREATE registered business enterprises (RBEs). Source: Business Mirror Website (https://lnkd.in/enHt2CPa)

Nagoya, Japan – The Philippine Freeports and Economic Zones Roadshow at MESSE NAGOYA 2024 successfully concluded last week, marking a significant milestone in building strategic partnerships between the Philippines, Japan, and the United States. Organized by the Philippine Trade and Investment Center (PTIC) - Osaka and the Subic-Clark Alliance for Development, the event showcased the Philippines as a premier partner for Japanese firms seeking new opportunities in manufacturing, environmental sustainability, and digitalization. Engaging Japanese Businesses Through MESSE NAGOYA Held from October 30 to November 1, MESSE NAGOYA 2024 provided an exceptional platform for the Philippines to connect with over 53,000 trade visitors and nearly 800 exhibitors. The Philippine Pavilion, a focal point at the event, promoted investment opportunities within the Luzon Economic Corridor, particularly across freeports and economic zones that offer a gateway to the dynamic Indo-Pacific region. Highlights of the Philippine Pavilion • Investment in Prime Economic Zones: The Pavilion spotlighted opportunities in New Clark City, Subic Bay, and Poro Point, particularly in sectors such as manufacturing, infrastructure, and real estate, positioning these zones as ideal locations for Japanese investors looking to expand in Southeast Asia. • Enhancing Supply Chain Partnerships: Japanese companies aiming to secure and diversify their supply chains found the Philippines to be an attractive location for establishing production hubs. The Pavilion specifically targeted Tier 2 and Tier 3 suppliers mainly from Japan’s SMEs with strong interested in collaborating with major locators in Philippine freeports. • Trilateral Collaboration Initiatives: As part of the US-Japan-Philippines trilateral cooperation framework, the Pavilion showcased potential joint projects in clean energy, semiconductor supply chains, and advanced infrastructure, aligning with shared strategic economic goals. High-Level Strategic Engagements The Philippine delegation, led by top officials from the Bases Conversion and Development Authority (BCDA), Subic Bay Metropolitan Authority (SBMA), and Poro Point Management Corporation (PPMC), engaged with senior leaders from Japan’s most influential economic organizations. This included high-level meetings with the leadership of the Central Japan Economic Federation (Chukeiren) and the Aichi Investment Promotion Center, key institutions that drive economic collaboration in the Chubu region. The Roadshow emphasized the Philippines’ role as a vital player in regional supply chains, committed to economic resilience and environmental sustainability. As part of the Luzon Economic Corridor within the US-Japan-Philippines trilateral framework, the Philippines continues to stand out as an ideal location for Japanese businesses seeking to strengthen their global competitiveness and operational security.

大阪フィリピン総領事館貿易投資部（Philippine Trade and Investment)は、試験的にフィリピンの中小企業が手がける製品を展示するコーナーを大阪商工会議所のロビーに設置いたします。 今回は、ブリヤシ (Buntal)やパンダン(Pandan)、アバカ(Abaca)、竹などの素材を使ったハンドメイドのバッグや雑貨などを、イフガオ、ネグロス、アクランなどの職人とともに作り、輸入、日本で販売している京都の企業さんの商品を展示をしています。 来年をめどに、本格的に雑貨だけでなく食品、飲料、アパレルなど様々な商品を展示していく予定です。 お気軽に、大阪商工会議所ロビーの「DTI SME Hub」にお立ち寄りいただき商品をご覧ください Philippine Trade and Investment Center launches “DTI SME Hub” in the lobby of Osaka Chamber of Commerce Industry to promote Filipino Product Excellence. This time we are showing bags, accessories and others made from Pandan, Abaca, Buntal produced by craftsmen and artisans from various regions such as Ifugao, Negros, Aklan. Check out “DTI SME Hub” and explore business opportunities!

The DTI MSME Hub in Osaka is now showcasing Filipino Product Excellence at the Osaka Chamber of Commerce and Industry Building Main Lobby. These products are produced by skilled craftsmen and artisans from different grassroots communities in the Philippines and employed by Micro, Small and Medium Enterprises - all especially curated by サンパギータ Sampaguita Japan, importer, distributor and retailer. Visit us at the Osaka Chamber of Commerce and Industry Building now to experience the art and passion in these products. for inquiries, contact: osaka@dti.gov.ph DTI Philippines DTI Foreign Trade Service Corps

President Ferdinand R. Marcos Jr. on Monday signed the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act to promote the Philippines as a prime investment destination. CREATE MORE Act or Republic Act (RA) 12066, signed by Marcos in a ceremony at Malacañan Palace in Manila, builds on the game-changing economic reforms introduced under the CREATE law by making the country’s tax incentives regime more globally competitive, investment-friendly, predictable and accountable. Marcos said the signing of RA 12066 signifies his administration’s unwavering commitment to empoweringthe business sector and enhancing their growth prospects. “We cannot emphasize enough the important role of the business sector in shaping this law. Your feedback has been essential in our efforts to craft policies that make our country truly competitive on the global stage,” Marcos said. “As we open new doors of opportunity, we drive businesses to reinvest their capital, build upon the workforce, and initiate a ripple effect that will be felt across generations,” he added. Marcos said the new law is a reflection of the government’s resolve to foster a climate where businesses will flourish and continue to meaningfully contribute to the Philippine economy. “By establishing clear timelines and deadlines and by limiting compliance requirements to those mandated by law, we are promoting transparency and predictability. And in so doing, we create a more reliable process that instills confidence in investors and in partners alike,” he said. “To our investors and development partners, let this be our pledge: The Bagong Pilipinas (New Philippines) continues to foster an economy where businesses and investments remain at the heart of our progressive development.” Under the CREATE MORE Act, the maximum duration of tax incentives availment is extended by 10 years to 27 years from 17 years, to attract strategic and high-quality investments. Registered business enterprises (RBEs) under the enhanced deductions regime will benefit from a reduced corporate income tax rate of 20 percent. The new law also grants a 100-percent additional deduction on power expenses to cut the costs for the manufacturing sector. It also further streamlines the value-added tax (VAT) refund process by limiting the documentary requirements and addressing the VAT concerns raised by export-oriented enterprises.

We are at the Philippine Consulate General in Nagoya with our official Philippine Freeports and Economic Zones delegation for a call on Consul Fernando V. Beup, Jr. The Official Delegation is composed of officials from the The Bases Conversion and Development Authority, the Subic Bay Metropolitan Authority and Poro Point Management Corporation where we will be exhibiting at Messe Nagoya to present investment and strategic potential alliances with potential Japanese Investors in the Luzon Economic Corridor especially as we push for more substantial participation in the Philippine Manufacturing Supply Chain and Industrial Ecosystem. We are also joined by Filinvest Land Inc. which is a PPP partner of the BCDA. This is also timely as we engage our partners in Japan in our renewed push to pursue the opportunities presented by the Trilateral Economic Cooperation among the Japan, the United States and the Philippines. We have partnered with Subic-Clark Alliance for Development Council to co-organize this business mission. The Philippine Trade and Investment Center in Osaka is the trade and investment section of the Philippine Consulates General in Osaka and Nagoya and the official representation of the Philippine Department of Trade and Industry in Western Japan. DTI Philippines DTI Foreign Trade Service Corps

We were proud to host the Osaka Chamber of Commerce and Industry delegation at #LIMAEstate as part of the Philippine Green Mission, showcasing our commitment to innovation and sustainable growth. The tour highlighted LIMA Tower One’s smart city technology, our Sustainability Hub’s eco-conscious solutions, and the carbon neutrality efforts of key locators YAMAHA MOTOR PHILIPPINES, INC. and EPSON Precision Philippines Inc.— all aligned with our holistic approach to sustainability. Together, these initiatives reinforce LIMA Estate’s position as a premier destination for global investment, championing decarbonization and responsible resource management to drive a more sustainable future for the Philippines. #PhilippineGreenMission #ScalingSummits #OneInfraCapital #AdvancingIndustriesAndLife #InvestInThePhilippines

在大阪フィリピン総領事館貿易投資部は、「フィリピン投資プレゼンテーション in Messe Nagoya 2024：ルソン経済回廊〜スービック、クラーク、ポロ・ポイント区画の開発を担う主要機関BCDA、SBMA、PPMCの紹介」をテーマにプレゼンテーションの開催をお知らせするとともに皆様をご招待いたします。 Messe Nagoya 2024の出展者プレゼンテーションの一環として行われるものです。 ニュークラークシティ、スービック、ポロ・ポイントなどルソン島北部の開発を担う政府系投資促進機関の幹部が登壇を予定しています。当地域は「ルソン経済回廊」と呼ばれ、フィリピン、日本、アメリカとの３カ国間での協力のもと開発を推し進めていくことで合意しており、より一層の経済発展が見込まれる重要な地域です。 本プレゼンテーションでは、製造業、IT、サステナビリティなど様々な産業における日本企業とのコラボレーションの可能性について紹介します。上記地域における産業サプライチェーンへの参入及び新たな成長の可能性を探る最適な機会です。皆様のお越しをお待ちしております 日時：10月31日（木）　13:15-13:45 場所： ポートメッセなごや　第１展示館内　特設ステージ 定員：100名 申し込み方法: イベントウェブサイトからあるいは 画像添付のQRコードからご登録ください（いずれも要来場者登録） https://lnkd.in/gyjVESDB

在大阪フィリピン総領事館貿易投資部は、「フィリピン投資プレゼンテーション in Messe Nagoya 2024：ルソン経済回廊〜スービック、クラーク、ポロ・ポイント区画の開発を担う主要機関BCDA、SBMA、PPMCの紹介」をテーマにプレゼンテーションの開催をお知らせするとともに皆様をご招待いたします。 Messe Nagoya 2024の出展者プレゼンテーションの一環として行われるものです。 ニュークラークシティ、スービック、ポロ・ポイントなどルソン島北部の開発を担う政府系投資促進機関の幹部が登壇を予定しています。当地域は「ルソン経済回廊」と呼ばれ、フィリピン、日本、アメリカとの３カ国間での協力のもと開発を推し進めていくことで合意しており、より一層の経済発展が見込まれる重要な地域です。 本プレゼンテーションでは、製造業、IT、サステナビリティなど様々な産業における日本企業とのコラボレーションの可能性について紹介します。上記地域における産業サプライチェーンへの参入及び新たな成長の可能性を探る最適な機会です。皆様のお越しをお待ちしております 日時：10月31日（木）　13:15-13:45 場所： ポートメッセなごや　第１展示館内　特設ステージ 定員：100名 申し込み方法: イベントウェブサイトからあるいは 画像添付のQRコードからご登録ください（いずれも要来場者登録） https://lnkd.in/gyjVESDB

✒️ 𝐏𝐑𝐄𝐒𝐒 𝐑𝐄𝐋𝐄𝐀𝐒𝐄 | 𝐏𝐄𝐙𝐀 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬 𝐰𝐢𝐭𝐡 𝐀𝐛𝐨𝐢𝐭𝐢𝐳 𝐈𝐧𝐟𝐫𝐚𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐭𝐨 𝐩𝐫𝐨𝐦𝐨𝐭𝐞 𝐏𝐡𝐢𝐥𝐢𝐩𝐩𝐢𝐧𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 𝐚𝐭 𝐉𝐚𝐩𝐚𝐧 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐅𝐨𝐫𝐚 14 October 2024 (Monday) - Japan — The Philippine Economic Zone Authority (PEZA), in collaboration with Aboitiz InfraCapital (AIC), participated in the Philippines-Japan Investment Fora held in Osaka and Tokyo from 29 September to 05 October 2024. Organized with the support of the Philippine Trade and Investment Center (PTIC), the fora aimed to bolster investment ties between the two nations, focusing on opportunities within PEZA-administered economic zones and AIC estates. The fora in both Osaka and Tokyo served as key platforms to showcase the advantages of investing in the Philippines' economic zones. These events underscored the strategic benefits for investors and reinforced the strong partnership needed to drive economic growth and industrial development in both the Philippines and Japan. Read more here: https://lnkd.in/gDV3BjnP