The Department of Finance (DOF) has secured a P21.5 million grant from the German development bank Kreditanstalt für Wiederaufbau (KfW) Group to implement an anti-red tape initiative that would simplify processes in securing documentary requirements for imports and exports, along with harmonizing these systems as part of the Duterte administration’s efforts to ease the way of doing business in the Philippines and facilitate its integration into the regional community of Southeast Asian economies.
Read MoreDAVAO CITY—The Duterte administration’s priority initiatives under its 10-point socioeconomic agenda to significantly cut poverty incidence over the next five years and make high growth not only sustainable but also felt by all Filipinos will be presented to the country’s development partners, the business community, civil society groups and other sectors when the Philippines Development Forum (PDF) begins here this Tuesday.
Read MoreFinance Secretary Carlos Dominguez III has assured members of the American Chamber of Commerce and Industry (AmCham) that the Duterte administration will continue to make the Philippines an attractive place for investments by encouraging a competitive environment to level the playing field for business.
Read MoreThe business community has no reason to be nervous or scared under the new government because President Duterte is the “ultimate pragmatist” and “fierce nationalist” who, while genuinely caring for the masses, is sure to provide a stable and predictable environment for businesses to thrive on his watch, said the think tank Wallace Business Forum (WBF).
Read MoreIndigent elderly citizens and persons with disabilities (PWDs) prefer to get direct transfer in the form of social pensions or a health package rather than being exempted from paying the value added tax (VAT), which is a tax privilege that they said only affluent seniors with more money to spend get to enjoy under the current system.
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