Finance Secretary Carlos Dominguez III said the Department of Finance (DOF) will submit to the Congress this January the second package of the government’s Comprehensive Tax Reform Program (CTRP) after the first package was signed into law by President Duterte last month.
Read MoreGlobal multilateral institutions and credit rating agencies see an even better year for the Philippines in 2018 on the back of a continuously strong economy fueled by an unprecedented infrastructure modernization program and a game-changing tax reform law.
Read MoreThe interagency Mining Industry Coordinating Council (MICC) is set to begin this January its “fact-finding and science-based” review of an initial batch of 26 mine sites ordered either suspended or shut down last year by the previous leadership at the Department of Environment and Natural Resources (DENR), following the completion of the list of 25 experts who will undertake this reevaluation.
Read MoreAn economic expansion of at least 7 percent is doable this year with the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Law—the first package of the Comprehensive Tax Reform Program—along with the planned tariffication on rice, and massive infrastructure projects under the ambitious “Build, Build, Build” program of the Duterte administration, according to the Department of Finance (DOF).
Read MoreThe Philippines’ economic relations with its neighbors in the region such as China continued to improve in 2017 following President Duterte’s foreign policy rebalancing towards Asia.
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