The proposed Corporate Recovery and Tax Incentives for Enterprises (Create) and Financial Institutions Strategic Transfer (FIST) laws would address the top concerns of businesses hit by the coronavirus disease 2019 (Covid-19) pandemic, according to the Department of Finance (DoF).

In a statement on Wednesday, Finance Assistant Secretary Antonio Joselito Lambino 2nd said the findings of a recent World Bank Philippines survey should serve as a “strong impetus” for Congress to pass the two bills, which aim to address the urgent concerns of businesses reeling from the global economic downturn brought about by the prolonged outbreak of Covid-19.”

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