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With ordinary Filipinos slowly starting to feel the effects of the recently passed tax reform law, the Freedom from Debt Coalition (FDC) criticized the Tax Reform for Acceleration and Inclusion or TRAIN Act as “fundamentally anti-poor” and pushed instead for more taxes on the wealthy. “We know that consumption taxes are inherently regressive and will hurt the poor the most.

The government must ensure mitigation measures are in place to cushion the transitory inflationary impact of the Tax Reform for Acceleration and Inclusion (TRAIN) law, following recorded increases in the country’s inflation rate, according to the National Economic and Development Authority (Neda).

Rice prices are expected to trend downonce the amendment of the agricultural tariffication law is enacted, the National Economic and Development Authority (NEDA) said.

Power grid operator National Grid Corp. of the Philippines (NGCP) has offered to provide its fiber optic grid which it uses for communication as the backbone for the government’s National Broadband Plan (NBP) for free.

To mitigate the effects in the event, God forbid, the “Big One” would hit Luzon, the Metropolitan Waterworks Sewerage System (MWSS) has undertaken safety measures to secure the Angat Dam, the main source of water for Metro Manila and its environs.

RunRio paid tribute to the runners who diligently finished the entire RunRio Trilogy during the RunRio Trilogy Awards at the Okada Manila Grand Ballroom on Wednesday night.

The Employers Confederation of the Philippines (Ecop) has opposed the enactment of 10 Senate bills proposing new employee leaves and or increasing existing ones.

By Ben Cal The government has set aside for 2018 some P25 billion for the modernization program of the Armed Forces of the Philippines (AFP) that will include the acquisition of brand new attack helicopters, tanks and other military hardware.

The Duterte administration’s “Build, Build, Build” program shifts to high gear starting this year with the rollout of the first set of big-ticket infrastructure projects and the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) that will help support this infra buildup, Finance Secretary Carlos Dominguez III said.

Improving financial literacy and broadening access to financial institutions like banks and insurance companies, especially in the rural areas, are key to achieving financial inclusion in the country.