Time and cost factors top the Duterte administration’s concerns in its rollout of the ambitious “Build, Build, Build” infrastructure program, prompting the economic managers to veer away from the standard Public-Private Partnership (PPP) mode to ensure that projects are done via the fastest and cheapest route, said a senior Department of Finance (DOF) official.
Read MoreRevenue from tax collections of P2.251 trillion in 2017, which is 14.25 percent as a percentage of gross domestic product (GDP), represents the highest tax effort in 10 years without any new legislation introduced to prop up collections, according to the Department of Finance (DOF).
Read MoreFinance Secretary Carlos Dominguez III is urging local government units (LGUs) to take advantage of two funding programs administered by the Department of Finance (DOF) to build climate-resilient communities and implement development projects in their respective cities and municipalities through grants and low-cost loans.
Read MoreThe Duterte administration is pushing income tax reforms in the corporate sector to level the playing field of business and make our system equitable, transparent and more accountable by, among others, removing perpetual tax holidays enjoyed by only a select group of investors, which is unfair especially to smaller enterprises that pay regular tax rates, according to the Department of Finance (DOF).
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