CLARK FREEPORT— The Fiscal Incentives Review Board (FIRB) has commended the Clark Development Corp. for its advanced digitalization initiatives, particularly its full use of the FIRB Incentives Monitoring System (FIRMS).
The recognition came after CDC presented investment updates and shared its experience in implementing the system during the 1st Investment Promotion Agency (IPA) Forum held from Dec. 2 to 5 in Boracay, Aklan. FIRB officials noted that CDC is the only investment promotion agency that fully utilizes all modules of the FIRMS platform, a key requirement under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act and the CREATE More law.
“This recognition from FIRB shows that Clark Freeport is not only compliant but also ahead in digital innovation. By fully integrating our systems with FIRMS, we ensure transparency, efficiency, and investor confidence — strengthening Clark’s role as a premier investment destination,” enthused CDC president and CEO Atty. Agnes VST Devanadera.
During the forum, CDC also highlighted its Electronic Business Application and Registration (eBAR) system, which automates locator registration, permit processing, and incentives administration. The integration of eBAR with FIRMS has resulted in faster compliance, secure data sharing, and more accurate reporting of investor information.
The CDC delegation was led by assistant vice president for business development Thelma Ocampo and assistant manager Erwin C. Pattaui, along with senior account officer Danilo Duarte, account officer Kate Moira Mendoza, and trade analyst John Paul Relevo. CDC-PR
