The World Bank’s sustained funding support for the government’s conditional cash transfer (CCT) program for the country’s poorest households will go a long way in helping the Duterte administration achieve its agenda of reducing poverty incidence to 14 percent by 2022 and delivering a comfortable life to every Filipino, Finance Secretary Carlos Dominguez III has said.
Read MoreFinance Secretary Carlos Dominguez III has said there will be no letup in the ongoing crackdown against tax-dodging Philippine Offshore Gaming Operators (POGOs) and their providers as the government aims to secure a fresh revenue source by collecting unpaid income taxes from these errant companies that mostly employ foreign nationals.
Read MoreFinance Secretary Carlos Dominguez III has confirmed that the excess of P10 billion collected from tariffs on rice imports and earmarked annually for the Rice Competitiveness Enhancement Fund (RCEF) will be set aside to fund a two-year unconditional cash transfer (UCT) program for small farmers affected by falling palay farmgate prices.
Read MoreGUANGZHOU, China—An emerging mega trade deal among 15 Asia-Pacific countries will be a “gamechanger” for closer economic integration between China and the member-states of the Association of Southeast Asian Nations (ASEAN) that is crucial to the region’s collective quest for steady high growth and accelerated poverty reduction for its peoples, Finance Secretary Carlos Dominguez III has said.
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