• 22 October 2016
MANILA, Oct. 22 — The Philippines and China signed in Beijing on Oct. 20, an agreement that would provide Manila with a RMB100 million grant from Beijing to aid the Duterte administration in implementing projects to strengthen its war on illegal drugs and in law enforcement security cooperation between these two countries. The pact, signed by Philippine Finance Secretary Carlos Dominguez III and Chinese Commerce Minister Gao Hucheng, was among the agreements forged between the two countries during President Rodrigo Duterte’s four-day state visit to China. Dominguez and Gao signed the agreement in the presence of President Duterte and Chinese President Xi Jinping at the Great Hall of the People. The Agreement on Economic and Technical Cooperation states that “in accordance with the needs of the Government of the Republic of the Philippines, the Government of the People’s Republic of China agrees to provide the Government of the Philippines with a grant of RMB Yuan 100,000,000 (one hundred million Renminbi Yuan), which shall be disbursed to implement the projects for anti-illegal drugs and law enforcement security cooperation.” This amount is equivalent to al ...Read more

Iran keen on buying more PHL bananas, exploring cooperation in infra, energy

 CENTRAL  22 October 2016
MANILA, Oct. 21 - Iran is keen on fostering better economic relations with the Philippines and, for starters, plans to import more bananas and explore areas of investment and cooperation in infrastructure and energy. In a recent courtesy call on Finance Secretary Carlos Dominguez III, Iranian Am ...Read more

Low-income workers getting bigger take-home pay under DOF tax reform plan

 CENTRAL  22 October 2016
MANILA, OCT 22 - Entry-level workers above the minimum wage would effectively enjoy significant increases in their take-home pay because they will only pay lower taxes under the proposed tax reform package that the Department of Finance (DOF) recently submitted to the Congress for its approval. ...Read more