Finance ministers and central bank governors from the Association of Southeast Asian Nations (ASEAN) are meeting next week in Mactan island in the province of Cebu to discuss ways of fleshing out ASEAN’s commitments to financial integration and cooperation, against the backdrop of a new wave of protectionism and other uncertainties in the global economy.
Read More‘Productive’ engagements between PHL, Japan fitting birthday gift to PRRD
Read MoreTOKYO—Philippine and Japanese officials have pledged here to work closely on possible projects for cooperation on infrastructure development.
Read MoreFinance Secretary Carlos Dominguez III said the latest positive outlook of Fitch Ratings on the Philippines is proof enough that the political noise has “failed to dent” the country’s growth story resulting from its strong macroeconomic performance and continued political stability amid the Duterte administration’s reform agenda and tough war on illicit drugs and other crimes.
Read MoreSenate President Aquilino Pimentel Jr. himself has filed a counterpart measure to the Duterte administration’s pending tax reform bill in the House of Representatives as he underscored the importance of implementing tax policy and administration reforms meant to raise sufficient revenues for the government’s unprecedented public investment program, while at the same time plugging value added tax (VAT) leakages he estimated to reach P90 billion every year.
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