A new set of amended rules and regulations for companies enticing Filipinos to buy into their ventures via the Real Estate Investment Trust (REIT) law will ensure that whatever fresh capital they can raise will be reinvested exclusively in the country while protecting their small investors such as middle-class families and overseas Filipino workers (OFWs), Finance Secretary Carlos Dominguez III has said.
Read MoreThe Duterte administration’s implementation of reforms to improve the country’s business climate bore fruit in 2019 with the Philippines’ polevault to 95th place in the latest World Bank’s Ease of Doing Business (EODB) report, sweeping the country to the ranks of the world’s top 100 competitive economies.
Read MoreFinance Secretary Carlos Dominguez III has lauded outgoing President Takehiko Nakao for his leadership at the helm of the Asian Development Bank (ADB) that has enabled the institution to carry out bold reforms, attune its programs to today’s technologically driven era, and more effectively deliver development assistance to its member-countries in the region.
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