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Pending the implementation of the planned reforms in the country’s tax infrastructure, the Duterte administration will pursue a new system of taxation, since achieving efficiency in collecting revenues similar to the level of the country’s neighbors can’t be achieved under the country’s outdated tax schedule, Finance Secretary Carlos Dominguez III said in emphasizing the need for tax reforms. He also …

Filipino executives have the “least commitment” for corporate ethics, according to a recent survey of the corporate culture of Association of Southeast Asian Nations (Asean) companies. 

By Luis Leoncio A recent Pulse Asia survey showed that, while President Duterte received the highest-ever trust rating among Philippine leaders, he has failed to address the most pressing problems of the people, notably the high unemployment rate, the think tank IBON said.

More than a hundred rainwater collectors that aim to mitigate flooding and fulfill the ever-increasing demand for water supply in Region 6 is under way. 

By Luis Leoncio  The Duterte administration must take prompt and decisive steps to raise agricultural productivity if it is to make a dent on the 25-percent poverty rate that the previous administration failed to address, despite its claims of the country’s steady economic growth, according to an agricultural expert.

The International Monetary Fund (IMF) has endorsed the initial fiscal policy actions of the Duterte administration, primarily the proposed increase in government spending that would raise the closely watched shortfall in the budget.

Telecommunications giant Globe Telecom has denied allegations it was blocking the Philippine Competition Commission (PCC) from exercising its mandate by seeking a court order to prevent the antitrust body from reviewing the P70-billion sale of San Miguel Corp. (SMC) unit Vega Telecom to Globe and Philippine Long Distance Telephone (PLDT) Inc. 

Export receipts continued to dip for the 14th consecutive month in May because of weak global demand, raising the need to refocus export strategies of firms, the National Economic and Development Authority (Neda) said. 

By Luis Leoncio The P3.35-trillion proposed budget for next year will contain P80-million appropriations for each legislator but these will not be pork-barrel allocations since they will be incorporated as specific items in the draft budget, Budget Secretary Benjamin Diokno said. 

By Luis Leoncio  The economic managers of President Duterte are determined to undo the effects of the “massive underspending” of the previous administration, but Budget Secretary Benjamin E. Diokno said the public must be prepared for some painful measures, as “things will get worse before they get better.”