Top News

Investment climate looks promising with more vital projects to be undertaken by the government in the Philippine’s Golden Age of Infrastructure.

The Department of Public Works and Highways (DPWH) aims to immediately implement at least six (6) solicited Public-Private Partnership (PPP) projects that are now under or will undergo feasibility studies.

The Philippines received an Open Budget Index (OBI) of 67, effectively securing the top spot in Asia for budget transparency, results of the recently released biennial Open Budget Survey (OBS) 2017 showed.

JT International Philippines Inc. (JTI Philippines), a unit of multinational Japanese Tobacco International, indicated willingness to share with the government information that will help address cigarette smuggling in the country.

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.

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.

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.

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.

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.

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.