• 26 October 2016
MANILA, Oct. 26 - President Duterte’s economic managers have formally guaranteed highly targeted, direct and indirect subsidies plus other social protection initiatives to shield the poor and low-income households from the impact of the proposed adjustments in excise fuel taxes under the initial comprehensive tax reform program that the government had submitted to the Congress for its approval. In a joint statement, Secretaries Carlos Dominguez III of the Department of Finance (DOF), Benjamin Diokno of the Department of Budget and Management (DBM), and Ernesto Pernia, the director general of the National Economic and Development Authority (NEDA), said these “highly targeted transfer programs” would help cushion the impact of the proposed indexing to inflation of the excise taxes on oil products on “the poorest 50 percent of the population.” Adjusting oil excise taxes on diesel, gasoline and other petroleum products is among the proposals under the first tax reform package submitted by the Duterte administration to Congress last Sept. 26, which also includes the lowering of personal income tax (PIT) rates, broadening the value added tax (VAT) base, and restructuring ...Read more

PH,UK gov’ts sign grant to increase foreign investors in PPPs

 CENTRAL  26 October 2016
QUEZON CITY, Oct. 26 - The British government awarded a grant worth £90,112.00 to the Philippines through the Public-Private Partnership Center (PPPC) to further support the country’s PPP program and attract participation of foreign investors in PPP projects.   In a ceremony held in Maka ...Read more

Filipinos bare the life they want to have

 CENTRAL  26 October 2016
PASIG CITY, Oct. 26 - Filipinos, for the life they want to have, would want to be educated in college and employed with a decent job, have a modest house, enough money and a car, and be able to travel with family and friends while owning some kind of a business. This was the gist of revelations ...Read more