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Manila and Tokyo signed last May 15 an agreement that would provide the Philippine government with a 2-billion yen (P970 million) grant from Japan to support ongoing efforts for the reconstruction and rehabilitation of the devastated city of Marawi in Mindanao.

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

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 …

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.

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).

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.

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.

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

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.

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.