The Land Bank of the Philippines (LandBank) has exceeded its target of providing agricultural credit worth P231.25 billion in 2019, having actually extended P236.31 billion in loans to the farm and fisheries sector as of end-December last year, representing a 102-percent accomplishment rate for this government financial institution (GFI).
Read MoreThe Duterte administration is urging the Congress to approve an improved system of tax incentives for enterprises that is performance-based, timebound, targeted and transparent, as drawn from the best corporate practices of the more competitive economies in the region in terms of attracting foreign direct investments (FDIs), Finance Secretary Carlos Dominguez III has said.
Read MoreFinance Secretary Carlos Dominguez delivers his keynote message on the economic outlook for 2020, the progress of the comprehensive tax reform packages, and the overall business climate in the Philippines before members of the Wallace Business Forum during its roundtable conference held at the Shangri-La Hotel in Makati City on Friday (Feb 14).
Read MoreThe Duterte administration remains fully committed to reduce poverty incidence to just 14 percent or lower by 2022, given the game-changing reforms it has been carrying out to make the country’s economic expansion not only rapid but also inclusive for all law-abiding Filipinos, Finance Secretary Carlos Dominguez III has said.
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