TOKYO—The Philippines and Japan have formalized several agreements that would help the former improve its maritime safety capability, including a deal for a P16.5 billion yen concessional loan covered by Tokyo’s Official Development Assistance (ODA) for the acquisition of two large-scale patrol vessels for the Philippine Coast Guard (PCG).
Read MoreFourteen ambassadors representing the member-countries of the European Union (EU) have expressed their continued support for the Duterte administration’s 10-point socioeconomic agenda and bared plans to invest more in the Philippines, particularly in infrastructure, energy and civil security, among other fields of interest.
Read MoreThe Philippines moved up four notches this year to No. 99 out of 190 economies and ranked 7th among 10 Association of Southeast Asian Nations (ASEAN) member-countries in the annual Ease of Doing Business (DB) Report of the World Bank Group.
Read MoreIndigent senior citizens and persons with disabilities (PWDs), along with low-income electricity consumers and small entrepreneurs, will be protected through direct and indirect social protection measures under the tax reform program submitted last month by the Department of Finance (DOF) to the Congress.
Read MorePresident Duterte’s economic managers have formally guaranteed highly targeted, direct and indirect subsidies plus other social protection initiatives to shield the poor and low-income households from the impact of the proposed adjustments in excise fuel taxes under the initial comprehensive tax reform program that the government had submitted to the Congress for its approval.
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