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The government is looking at advances in digital technology as part of reforms it will put in place to surpass the country’s record-high foreign direct investment (FDI) inflows in 2017 and maintain its newfound status as the world’s best investment destination, Finance Secretary Carlos Dominguez III said.

Member resorts of the Philippine Travel Agencies Association (PTAA) in Boracay are in compliance with all government environmental laws and possess the necessary government permits to operate.

The proposed National Identification System has already been sponsored in the Senate, with Senator Panfilo Lacson delivering the bill’s sponsorship message on Monday, March 12, at the Senate Session Hall.

Finance Secretary Carlos Dominguez III and United States Ambassador to the Philippines Sung Kim led a recent site visit of a road and bridge infrastructure project completed under a $222.5 million US-grant that is now benefiting over 400,000 residents of Guiuan, Eastern Samar by way of improved access to basic social services and increased economic opportunities.

The government expects to raise some P98.32 million-worth of state-owned assets in the first quarter of 2018, according to the Privatization Management Office (PMO) of the Department of Finance (DOF).

The Philippine Travel Agencies Association (PTAA) said it is pushing for the government to only shut down the operations of establishments that have violated environmental laws.

Former finance officials and economists from the Foundation for Economic Freedom (FEF) have pointed to higher oil prices in the world market and the increase in food prices that were the result of weather-related developments as the main factors behind the inflation spike in January 2018.

The National Economic and Development Authority (NEDA) said the country should maximize the use of renewable energy (RE) sources as part of its low emissions development strategies in addressing climate change, energy security, and access to energy.

The customs agencies of the Philippines and China have agreed to set up a data exchange system to facilitate the timely sharing of trade information and aid them in their respective campaigns against smuggling and tax evasion.

The Bureaus of Internal Revenue (BIR) and of Customs (BOC) are set to forge an agreement on information sharing and coordination, among other ways of cooperation, to strengthen their joint campaign against smuggling and beef up collections on excise taxes on imports.