Jamaine Punzalan

President Ferdinand R. Marcos Jr. signs the CREATE MORE Act (Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy Act) into law at the Malacanang Palace on Monday, November 11, 2024. The law aims to position the Philippines as a top investment destination and drive investments-led economic growth. The new law amends the National Internal Revenue Code of 1997 and enhances the country’s fiscal incentives framework. It extends the maximum duration of tax incentives for strategic investments from 17 to 27 years and reduces the corporate income tax rate for registered business enterprises to 20 percent. 
The law also introduces reforms like streamlined VAT refund processes, simplified local taxation, and improved incentive-related procedures to address investor concerns. Additionally, it institutionalizes flexible work arrangements for businesses in economic zones while preserving tax benefits. President Marcos emphasized that CREATE MORE not only opens doors for investors but also creates better economic opportunities for Filipinos, such as high-quality jobs. 

Yummie Dingding, PPA pool

Article (news)

MARCOS

Harlene Delgado

Marilyn Cahatol

ABS-CBN News

Agence France-Presse

MANILA — President Ferdinand Marcos Jr. said Friday he was “happy” after a House committee rejected the impeachment complaints against him, which he called “distractions.”  The committee voted overwhelmingly against both complaints, saying they <a href="https://www.abs-cbn.com/news/nation/2026/2/4/house-panel-says-marcos-impeachment-complaints-insufficient-in-substance-1507">lacked sufficient substance</a> to move forward.“I’m happy it’s done and we can get on with our work because these things are distractions,” Marcos said in a chance interview. One of the two complaints, endorsed by the Makabayan bloc of left-wing parties, accused Marcos of packing the national budget with projects aimed at redirecting funds to his allies.Another focused on allegations that the arrest of ex-president Rodrigo Duterte and his transfer to the International Criminal Court constituted kidnapping.Marcos said he &quot;wasn’t very worried&quot; over the complaints as &quot;there were no real grounds&quot; for impeachment. <div><a href="https://www.abs-cbn.com/news/nation/2026/2/5/house-justice-panel-chair-we-voted-independently-on-marcos-impeach-cases-1452">House justice panel chair: We voted &#x27;independently&#x27; on Marcos impeachment complaints</a></div>“It was a political move as usual,” he added. Following the dismissal of the complaints, the House Justice panel will submit a committee report. The decision can still be reversed with one-third of the plenary votes.“Any major decision that is to be made by either House has to have a convincing basis, especially for the public. In other words, the public has to see it as believable, so to speak. So it&#x27;s now a question really of credibility,” Prof. Edmund Tayao, President of Political Economic Elemental Researchers and Strategists, told ANC’s Headstart on Friday.Tayao noted that the sitting vice president is also a factor behind the majority of the House members’ support for Marcos. When the president is impeached, the vice president automatically assumes the position. “Ang question ngayon, katanggap-tanggap ba ang pangalawang pangulo? Ito din ang explanation kung bakit hindi nagiging sapat ang numero sa pagtatawag ng pag-aklas sa kalye,” Tayao said.<div> </div><div>IMPEACH MOVES VS VP </div><div> </div>The committee hearing that rejected the Marcos impeachment complaints came just two days after <a href="https://www.abs-cbn.com/news/nation/2026/2/6/impeach-complaints-vs-vp-sara-duterte-transmitted-to-office-of-house-speaker-0700">a pair of impeachment complaints hit Vice President Sara Duterte</a>, who is widely considered a possible presidential contender in 2028.Marcos said he had &quot;no reaction&quot; to the complaints against Duterte. &quot;Hindi ko trabaho ‘yan. Trabaho [‘yan] ng house. Pabayaan mo silang magtrabaho,&quot; the President said.“I’m sure they will handle it properly. So, let’s let them do their jobs,” he added.Both complaints accuse Duterte of misusing public funds during her term as education secretary, while one revives allegations that she threatened to assassinate former ally President Ferdinand Marcos -- charges she has denied. Duterte was successfully impeached by the House last year. An abortive Senate trial that followed saw the senior body kick the case back to the House while questioning its constitutionality.The Supreme Court subsequently ruled that the impeachment was a violation of a constitutional rule against multiple complaints being filed in the same year. The court upheld its ruling last week.Tayao said the SC decision made impeachment “more of a legal proceeding than a political exercise” by compelling the House to determine the weight of the evidence of a complaint before it can be endorsed to the impeachment court in the Senate. “Even if you have the numbers, but you don&#x27;t have the necessary weight of evidence, that will not only be convincing to the public, but will also qualify -- as far as the requirements of the Supreme Court is concerned -- medyo mahihirapan yan,” he said. “I always say that essentially, what the Supreme Court did was to prevent any impeachment from happening, not in this administration and not even in the next administration, unless the Supreme Court revisits this decision,” he said.

President Ferdinand Marcos Jr. said Friday he was “happy” after a House committee rejected the impeachment complaints against him, which he called a “distraction.”

President Ferdinand Marcos Jr. said Friday he was “happy” after a House committee rejected the impeachment complaints against him, which he called a “distraction.”

Marcos ‘happy’ impeachment ‘distractions’ over

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Marcos ‘happy’ impeachment ‘distractions’ over

Harlene Delgado,

Marilyn Cahatol,

ABS-CBN News,

Agence France-Presse

Published Feb 06, 2026 10:16 AM PHT

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Updated Feb 06, 2026 11:30 AM PHT

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