ADB hikes assistance to PHL infra investments in 2018-2020

The Asian Development Bank (ADB) has increased available funding for the Philippines’ infrastructure-related investments from 34 percent of actual lending approvals covering the 2011-2016 period to 48 percent over the…

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PNP backs tax reform bill

The Philippine National Police (PNP) has expressed its “ardent support” for the Tax Reform for Acceleration and Inclusion Act (TRAIN), notably its proposed hefty personal income tax (PIT) cuts for…

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Former finance, NEDA chiefs support DOF tax plan

Nineteen former heads and deputy chiefs of the Department of Finance (DOF) and the National Economic and Development Authority (NEDA) have given their full support to the DOF’s comprehensive tax…

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Reforms, infra buildup to boost PHL image as investment haven

A combination of tough bureaucratic and economic reforms, a long-due tax system overhaul and an unprecedented infrastructure buildup is guaranteed to enhance the country's image as an investment haven at…

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DOF sees lower inflation last November

The inflation rate in November likely slowed to 3.2 percent from its intra-year high of 3.5 percent last October owing mainly to more stable food prices after last month's weather…

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Dominguez thanks Senate for passing its TRAIN version

Finance Secretary Carlos Dominguez III said the government is now one big step closer to reforming the country's tax system for the first time in over two decades--and providing a…

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IRR of customs modernization law fleshed out in about 42 BOC orders

The implementing rules and regulations (IRR) of the Customs Modernization and Tariff Act (CMTA) will be contained in about 42 Customs Administrative Orders (CAOs) that the government plans to complete…

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BTr ‘repo’ to enhance funding, trading liquidity in debt market

Finance Secretary Carlos Dominguez III has cited the reforms being undertaken by the Bureau of the Treasury (BTr) to develop the domestic capital market, among them, the launching of its…

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