Manila and Beijing are speeding up the implementation of several agreements forged last year between the two countries, including the establishment of drug rehabilitation facilities and the acquisition of law enforcement equipment to be funded by a RMB 100 million-yuan grant from China, according to Finance Secretary Carlos Dominguez III.
Read MoreThe Duterte administration is exploring hybrid financing arrangements that will combine development aid and loans in raising more funds for its big-ticket infrastructure projects while keeping down borrowing costs, Finance Secretary Carlos Dominguez III said.
Read MoreThree large-scale infrastructure projects have been presented by Manila to Beijing for possible loan financing, while nine others were submitted for feasibility study support during the just-concluded economic mission to China of a high-level delegation led by Finance Secretary Carlos Dominguez III.
Read MoreThe proposed adjustments to the oil excise tax under the tax reform bill aim to stop subsidies on the fuel consumption of rich households and channel instead such would-be savings to the government’s unprecedented infrastructure program that would create more jobs, boost productivity and sustain high growth, Department of Finance (DOF) officials said Wednesday.
Read MoreCanadian Ambassador John Holmes, Commissioner Dennis Funa, Deputy Commissioners Dorothy Calimag and Ferdinand George Florendo, fellow workers in government, partners in the insurance, pre-need and HMO industries, good morning.
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