MANILA, Philippines — House Ways and Means Chair Joey Sarte Salceda on Saturday said the passage of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, which now sits at the table of President Rodrigo Duterte, would help the Philippines recover from its slumping innovation performance.
Global advisory firm Tholons, on Wednesday, released its annual global innovation rankings and it showed that the Philippines and capital city Manila have slid down in its competitiveness as a preferred site for business processing outsourcing companies.
Salceda said the country’s slump in global rankings may not yet be a cause for alarm but it could spiral out of contro…
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