The Philippines needs more investments to hit the upper end of its 6%-8% growth target, Finance Secretary Ralph G. Recto said. At the World Economic Forum (WEF) in Davos, Recto and economic officials will showcase the Philippines as an investment destination, highlighting the CREATE MORE Act, which expands tax incentives and simplifies VAT processes. Recto emphasised the importance of investments to achieve an 8% growth target, with the DBCC citing global uncertainties for its widened forecast range. Preliminary 2024 data showed revenue collection of PHP4.41tr (USD75.4bn), exceeding the PHP4.38tr target, driven by BIR and Customs exceeding their goals. For 2025, BIR and Customs are tasked to collect PHP3.2tr and PHP1.06tr, respectively, as the government explores nontax revenue measures to meet targets.