Finance Secretary Carlos Dominguez III told American business leaders that now is the best time to invest in the Philippines, given its vibrant economic prospects anchored on an unprecedented infrastructure buildup on the Duterte watch.
Read MoreThe president of the Philippine Public School Teachers Association (PPSTA) has given his full backing to the proposed Tax Reform for Acceleration and Inclusion Act (TRAIN), which he views as a “beneficial” tool that will uplift not only the economic status of its members, but their dignity and morale as well.
Read MoreMalaysia-based AirAsia has expressed interest in expanding its services in the Philippines to include flights from Davao City to key cities in China, Korea and Malaysia.
Read MoreThe International Monetary Fund (IMF) has relayed to the country’s economic managers the multilateral institution’s “very optimistic” growth outlook on the Philippines owing to the economy’s continued “impressive” performance.
Read MoreFinance Secretary Carlos Dominguez III said the proposed comprehensive tax reform program of the Duterte administration will serve as the fiscal buffer that would enable the government to pursue its expansionary economic policy anchored on an ambitious “Build, Build, Build” infrastructure program consisting of some 75 major flagship projects that would either be completed or started over the next five years.
Read MoreFinance Secretary Carlos Dominguez III said the move by Macquarie Infrastructure Management (Asia) Pty Ltd and Arran Investments to pump P65 billion into the Philippine energy sector is a vote of trust and confidence by foreign investors in the Duterte administration and its socioeconomic reform agenda anchored on high and inclusive growth.
Read MoreThe Department of Finance (DOF) has found a new champion in the person of Miss Earth Philippines Karen Ibasco for its proposal under the tax reform bill to gradually increase excise taxes on petroleum products, which, she said, will help transition the economy from the use of fossil fuels to renewable energy (RE) sources.
Read MoreFinance Secretary Carlos Dominguez III told members of the foreign media that the domestic economy is “where the real action is” in the Philippines and where the Duterte administration intends to score “irreversible achievements” for the benefit of the Filipino people.
Read MoreFinance Secretary Carlos Dominguez III has sought the support of local manufacturers behind the Duterte administration’s Comprehensive Tax Reform Program (CTRP), which, he said, would be a potent tool to encourage enterprise and boost domestic market demand, attract investors and improve the purchasing power of wage earners, and build an inclusive economy.
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