The Philippines can tap about $3.8 billion in loans and another $21.8 million in the form of non-lending programs from the Asian Development Bank (ADB) to help fund its accelerated spending programs on infrastructure and social services on the Duterte watch, according to the Department of Finance (DOF).
Read MoreFinance Secretary Carlos Dominguez IIII welcomed Friday the decision of the US government’s Millennium Challenge Corp. (MCC) to uphold the eligibility of the Philippines to secure a fresh grant from the MCC.
Read MoreCamSur Representative Luis Raymond “LRay” Villafuerte has appealed to the government’s anti-trust regulator to speed up its review and approval of the acquisition by Japan Tobacco International (JTI) of Mighty Corporation to enable the national government to get the rest of the P26.5 billion that it expects as full settlement of the latter’s tax liabilities, inclusive of the value-added tax charges.
Read MoreFinance Secretary Carlos Dominguez III said the settlement of the tax obligations of one cigarette manufacturer that will amount to about P30 billion will significantly boost the national coffers at a time when the government is meeting the unexpected costs of several calamities.
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