Finance Secretary Carlos Dominguez III said Friday the impressive increase in revenues, particularly on tax collections by revenue agencies for the first four months of 2018 as a result of the effective implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Law, enabled the government to sustain its aggressive spending policy without breaching the programmed budget deficit.
Read MoreA delegation from China representing 44,000 Chinese local-level chambers of commerce has met with Finance Secretary Carlos Dominguez III to explore cooperation and investment opportunities in the Philippines and a possible tie-up with other business groups within the Association of Southeast Asian Nations (ASEAN) to further strengthen trade relations across the region.
Read MoreA spike in rice prices because of alleged lack of supply, a weak peso, rising oil prices abroad, better tax compliance of local cigarettes, and growing consumer demand accounted for the bulk of the 4.5 percent inflation in April.
Read MoreThe Philippines is well poised to meet its target of reducing poverty incidence by 2022, with the Asian Development Bank (ADB) providing the necessary support to initiatives that aim to address inequalities across the country, such as the government’s massive infrastructure buildup and its social protection programs, according to a key official of the institution.
Read MoreAt least a half-dozen big business and civil society organizations have expressed their support for the proposed reforms in the corporate tax system and the modernization of investment incentives as vital elements to further enhance the competitiveness of the Philippine economy and level the playing field for investors and businesses.
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