The government’s economic team will be in Tokyo on September 25-26 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 head of one of the Philippines’ leading business empires has lauded the Duterte administration for taking the unusually “bold step” of pushing tax reform and embarking on an ambitious infrastructure program at a time when the economy is in a “position of strength” to handle challenges.
Read MorePhilippine and Chinese officials have underscored the substantial progress made in revitalizing and strengthening economic relations between their two countries, which, they said, was the result of the “favorable and enabling environment” fostered by their continuous efforts to fast-track the implementation of infrastructure projects that the Philippines has presented to China for possible financing.
Read MoreThe Duterte administration is finalizing a new, faster system for securing import applications that currently involve more than 60 government agencies, as part of fresh measures to cut red tape and improve the ease of doing business in the country, according to Finance Secretary Carlos Dominguez III.
Read MoreThe government will implement its biggest social benefits program yet once the proposed Tax Reform for Acceleration and Inclusion Act (TRAIN) is passed by the Congress in full, given that almost P30 billion or 40 percent of incremental revenues from the adjustments in oil excise tax collections estimated at close to P74 billion in 2018 will go to targeted subsidies for the poor and other social mitigation measures.
Read More