TOKYO—Now is a “fine time” to invest in the Philippines as Tokyo rekindles its ties with Manila and the Duterte administration has crafted a “business-friendly” socioeconomic agenda that underlines its readiness and capability to drastically reduce poverty and lift the economy to high middle-income status in six years’ time, Finance Secretary Carlos Dominguez III told the business community here.
Read MoreTOKYO—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 MoreThe rate of increase in consumer prices may likely grow at a faster pace this month because of base effects, but will still remain within the government’s target, the Department of Finance (DOF) said today.
Read MoreThe government is losing P5 billion annually from leakages arising from the value-added tax (VAT) exemptions for senior citizens and another P100 billion from tax holidays for corporations plus other tax perks given to large firms, according to Finance Undersecretary Antonette Tionko.
Read MoreThe government is losing P5 billion annually from leakages arising from the value-added tax (VAT) exemptions for senior citizens and another P100 billion from tax holidays for corporations plus other tax perks given to large firms, according to Finance Undersecretary Antonette Tionko.
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