BEIJING—The Philippines and China signed here Thursday (Aug.29) an agreement for a US$219.78 million Preferential Buyer’s Credit facility to fund the Project Management Consultancy for the Philippine National Railways (PNR) South Long Haul Project.
Read MoreThe Department of Finance (DOF) has underscored the need to complete the passage of the remaining packages of the Duterte administration’s comprehensive tax reform program (CTRP) to ensure a reliable revenue base that will help support the modernization of the Philippine economy and ensure the equitable sharing of funds for the government’s social and infrastructure programs, while securing fiscal stability long into the future.
Read MoreThe governments of the Philippines and Ireland recently held the first round of negotiations on a proposed bilateral agreement that aims to avoid double taxation on individuals and companies in both countries.
Read MoreFinance Secretary Carlos Dominguez III has underscored the strong partnership between the Philippines and the Asian Development Bank (ADB) as aptly demonstrated by the multilateral institution’s full support for the “Build, Build, Build” program and other growth-friendly initiatives of the Duterte administration.
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