Finance Secretary Carlos Dominguez III has recognized the invaluable support provided by the Philippines’ development partners in the region in jumpstarting the government’s infrastructure modernization program, which, he said, is the centerpiece of the Duterte administration’s economic strategy to achieve historic growth levels, create jobs, enhance productivity and put the Philippines on par with the most dynamic economies of this region.
Read MoreA financial institution established by the Organization of Petroleum Exporting Countries (OPEC) to help reduce poverty in developing countries has offered its assistance to the Philippines in funding the Duterte administration’s “Build, Build, Build” infrastructure modernization program.
Read MoreThe economy has started reaping the fruits of the Duterte administration’s efforts to achieve high and inclusive growth through its reform initiatives such as the “Build, Build, Build” program and the Tax Reform for Acceleration and Inclusion Act (TRAIN) as shown by the latest long-term credit rating upgrade obtained by the Philippines from Standard & Poor’s (S&P), according to Senator Loren Legarda.
Read MoreSwedish companies have expressed interest in providing sustainable solutions to the Philippines’ ongoing efforts to modernize its infrastructure under the Duterte administration’s “Build, Build, Build” program, particularly in setting up a bus rapid system and beefing up security in the country’s airports.
Read MoreSingapore, 16 March 2018 – The Philippine economy continues to enjoy favorable macroeconomic prospects despite a slight moderation in growth and the small deficit in the current account balance in 2017. This is according to the 2017 Annual Consultation Report on the Philippines published by the ASEAN+3 Macroeconomic Research Office (AMRO) today. The report was prepared on the basis of AMRO’s Annual Consultation Visit to the country in September 2017 and data availability as of 15 February 2018.
Read MoreFinance Secretary Carlos Dominguez III has underscored the urgency of the national and local governments working together to improve the resilience to climate change of communities most vulnerable to extreme weather events.
Read MoreFinance Secretary Carlos Dominguez III said he expects the Duterte administration’s “Build, Build, Build” program to shift to high gear starting this year with the rollout of the first set of big-ticket infrastructure projects and the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) that will help support this infra buildup.
Read MoreThe Department of Finance ((DOF) has assured the public of the financial sustainability of the Duterte administration’s ambitious “Build, Build, Build” program that is designed to modernize the country’s infrastructure backbone by rolling out 75 flagship projects worth a combined total of $36 billion in investments.
Read MoreA Cabinet-level delegation led by Finance Secretary Carlos Dominguez III and other members of the economic team will bring the Duterte administration’s “Build, Build, Build” roadshow to China on September 27-29 to promote the government’s planned Golden Age of Infrastructure that aims to create more jobs and realize its goal of economic inclusion for all Filipinos.
Read MoreFinance Secretary Carlos Dominguez III said the proposed comprehensive tax reform program of the Duterte administration will serve as the fiscal buffer that would enable the government to pursue its expansionary economic policy anchored on an ambitious “Build, Build, Build” infrastructure program consisting of some 75 major flagship projects that would either be completed or started over the next five years.
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