A makeover of the Public-Private Partnership (PPP) program via the adoption of a novel “hybrid” formula has led to the fast-track implementation of two road projects in Luzon in barely nine months of the Duterte administration.
Read MoreDAVAO City–Finance Secretary Carlos Dominguez III said here over the weekend that public diplomacy is needed to spell popular support for the “politically challenging” plan of the Duterte administration to modernize some 220,000 public utility jeepneys (PUJs) across the country, as part of government efforts to provide a safer transport system for commuters while mitigating the effects of climate change.
Read MoreOne of the key supporters in the Congress of the Duterte administration’s Comprehensive Tax Reform Program (CTRP) has advised cooperatives opposing the measure to focus on sound fiscal management, rather than relying on continued tax incentives, to ensure the success of their economic endeavors.
Read MoreThe Department of Finance (DOF) said a consensus-building approach has enabled the Duterte administration to refine the tax reform package it has originally submitted to the Congress, taking into account the valuable inputs given by lawmakers and the concerns of would-be affected stakeholders.
Read MoreThe Duterte administration’s unmatched infrastructure buildup over the next five years will be funded by a combination of resources from its proposed comprehensive tax reform program (CTRP), foreign development aid and commercial loans, according to Finance Secretary Carlos Dominguez III.
Read MoreOther emerging economies such as Cambodia and Vietnam could soon outpace the Philippines, especially in the tourism sector, unless the Duterte administration pushes through with its unprecedented public investment program that aims primarily to close the country’s massive infrastructure backlog, Secretary Carlos Dominguez III of the Department of Finance (DOF) said.
Read MoreTycoons of Philippine business led by Jaime Zobel de Ayala of the Ayala Group and Tessie Sy Coson of SM Investments Corp. took part Tuesday night in the second ‘DuterteNomics’ Forum in an apparent show of support for the unprecedented “Build, Build, Build” agenda of the Duterte administration.
Read MoreThe Departments of Finance (DOF) and of Health (DOH) have signed a memorandum of agreement (MOA) on the construction of drug rehabilitation facilities to be funded by a RMB 50-million yuan grant from China.
Read MoreOver a century after its inception during the Philippine Revolution, the Department of Finance (DOF) is once more at the center of a “revolutionary situation,” this time entailing the rapid modernization of the country’s infrastructure and the simultaneous overhaul of its tax policies to attain true economic liberation for Filipinos, Secretary Carlos Dominguez III said Monday.
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