The Department of Finance (DOF) has welcomed the endorsement by the Senate ways and means committee for plenary approval of Senate Bill No. 1592, its version of the Tax Reform for Acceleration and Inclusion (TRAIN), with DOF Secretary Carlos Dominguez III lauding the panel for its prompt action and hoping that the Congress could soon pass its final version in time for this initial tax reform package’s planned implementation by January next year.
Read MoreThe government’s economic team will be in Japan on Monday (Sept. 25) to discuss with Japanese officials ways of speeding up the implementation of the Duterte administration’s flagship infrastructure projects for possible funding by Japan and separately brief potential investors on the vibrant prospects for the Philippine economy.
Read MoreThe Investment Coordination Committee-Cabinet Committee (ICC-CC) is set to recommend to the National Economic and Development Authority (NEDA) Board the further streamlining of the approval process for big-ticket projects to be funded by Official Development Assistance (ODA) loans, in line with the government’s goal of fast-tracking the implementation of its flagship infrastructure projects.
Read MoreA high-level committee chaired by the secretary of the Department of Finance (DOF) has agreed to adopt a government-built online platform for traders as the vehicle for the country’s National Single Window (NSW), which aims to facilitate trade, heighten transparency in customs procedures and improve revenue collection.
Read MoreA Cabinet-level delegation led by Finance Secretary Carlos Dominguez III and other members of the economic team will bring the Duterte administration’s “Build, Build, Build” roadshow to China on September 27-29 to promote the government’s planned Golden Age of Infrastructure that aims to create more jobs and realize its goal of economic inclusion for all Filipinos.
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