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Expert urges government to go slow on 4Ps

The government should consider slowing down the implementation of the Pantawid Pamilyang Pilipino Program (4Ps) to make sure only the poor benefit from it.

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Reducing inequality focus of Philippines thrust

Reducing inequality is at the core of the Philippine Development Plan 2017-2022, the country’s blueprint for socioeconomic development, National Economic and Development Authority (Neda) Undersecretary for Policy and Planning Rosemarie Edillon told members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) that Edillon led the Philippine delegation to the UNESCAP’s recent 74th Session held …

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Philippines seeks disaster database for Asean

The Philippines has urged its fellow member-states in the Association of Southeast Asian Nations (Asean) to build a region-wide database on disaster risk management to facilitate the sharing of information on mitigating the effects of climate change and ensure timely cooperation among them in the face of calamities.

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High inflation temporary TRAIN effect—economist

The moderate rise in inflation is only “temporary” and remains manageable under a robust economy even with the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Law, which is necessary to support funding for the government’s massive spending on the “Build, Build, Build” program and on social services, according to the Department of Finance (DOF).

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Bigger Philippine palay harvest seen in first half of 2018

The total harvest area for palay nationwide may widen by nearly 32,000 hectares in the first half of the year from the year-ago level, possibly lifting national rice production by 1.2 percent, the Philippine Statistics Authority (PSA) has projected.

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Most Philippine seas, reefs in a terrible state

A marine ecologist warned that the majority of marine ecosystems in Philippine seas are facing severe risks of degradation, despite the country’s stature as one of the best diving destinations in the world.

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DOTr & Jica mobilizing new MRT-3 maintenance provider

The Philippine government, together with Japan, are working together to speed up the rehabilitation of the Metro Rail Transit 3 (MRT-3).

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Budget discipline seen via Senate bill—Diokno

With the Budget Reform Act being tagged as one of the priority bills up for early approval in the Senate, the national government is well-positioned to shift to an annual cash-based budgeting system starting next fiscal year.

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Ex-DOF chief backs 2nd TRAIN package

Former Finance Secretary Cesar Purisima has underscored the necessity of instituting long-overdue reforms in the corporate tax system to bolster the country’s competitiveness as he expressed his full support for the proposal to modernize incentives for businesses and reduce the corporate income tax (CIT) rate to improve the collection efficiency of revenue agencies.

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Enactment of bill to boost Philippine’s WB ranking—DTI

The passage of The Ease of Doing Business and Efficient Government Service Delivery Act of 2018 will help improve the country’s ranking in the World Bank and International Finance Corporation’s (IFC) 2019 Doing Business Report, Trade and Industry Undersecretary Rowel Barba said.

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