Beijing has agreed to study Manila’s proposal to implement through hybrid or co-financing arrangements with multilateral institutions the big-ticket Philippine projects that had been submitted to China for possible funding on the Duterte watch.
Read MoreDepartment of Finance (DOF) Assistant Secretary Paola Alvarez has called on critics of the DOF-proposed Comprehensive Tax Reform Program (CTRP) to come up with an alternative tax plan thatcould make the current system and fairer to low- and middle-income taxpayers, while at the same time raising enough revenues to fund an ambitious government program to free some six million poor Filipinos from poverty and transform the country into a high-middle income economy by 2022.
Read MoreFormer Finance Secretary Margarito Teves along with sectoral leaders have expressed to the Congress their support for a provision under House Bill No. 4774 that seeks to adjust the diesel excise tax and index it to inflation, as part of a government plan to raise enough funds for a massive public investment program to attack poverty and sustain the country’s streak as one of Asia’s fastest growing economies.
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