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Monthly Archives: January 2018

10M poor families get P200 monthly doles

By Luis Leoncio The government will provide P200 a month “without conditions” this year to 10 million of the country’s poorest households over the next three years as a buffer to the backlash on prices of basic commodities of the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN), economic managers said.

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Du30 to casinos: You’re welcome but stay clean

Investments in casino operations are welcome but stakeholders should not involve themselves in corrupt activities, President Duterte said during a recent forum among Philippine Amusement and Gaming Corporation (Pagcor) and it licensees.

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Manufacturing falls in a 3-month slump

By Riza Lozada Factory output is on a slump for September to November of last year but the government’s chief economist expect the implementation of the Tax Reform for Inclusion and Acceleration Act (Train) will fuel a recovery for the manufacturing output in 2018.

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CTRP 2 targets lower business tax, less perks

The next target of the Duterte administration in the tax reform program are reduction of the corporate tax and the streamlining of fiscal incentives that pose a drain on the government finances.

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Diokno bares P3.4T budget goal for 2019

The Department of Budget and Management (DBM) has set a proposed budget of P3.4 trillion for 2019, which is 1.5 percent higher than the P3.35 trillion budget for this year, Budget Secretary Benjamin Diokno said.

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Financial inclusion gains headway— BSP

Filipinos’ access and use of formal financial products and services continues to improve in the country, the Bangko Sentral ng Pilipinas (BSP) said in its latest report on the state of financial inclusion.

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SM Foundation visits typhoon-ravaged areas

SM Foundation distributed relief packs to internally displaced persons and victims of typhoons Urduja and Vinta that ravaged parts of Visayas and Mindanao during the holiday season.

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MMDA readies free rides with public utility vehicle inspections

The Metro Manila Development Authority said it would provide free rides for commuters if necessary as it cracked down on smoke-belching and ill-quipped public utility vehicles.

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SMC airport, Megawide rail projects move up

Three unsolicited project proposals for rail, airport and flood control are expected to hurdle regulatory approval and rolled out early this year, having been identified as priority infrastructure projects, the Public-Private Partnership (PPP) Center said.

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Car makers ‘cautious’ on sales due to new taxes

Vehicle manufacturers are “cautious” on sales projections this year as higher taxes on cars took effect, an industry group said January 12.

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