THE Japanese government has signified

THE Japanese government has signified its interest in funding nine of the flagship projects of the Duterte management worth P315 billion, in line with its commitment to support the Philippines’ socioeconomic time table, the Department of Finance (DoF) announced on Friday.

“Both sides discussed plans and movements to be undertaken in a collectively agreed time table with a view to ensure the speedy implementation of large-ticket tasks,” Finance Secretary Carlos Dominguez 3rd instructed newshounds after the end of the second assembly of the Philippines-Japan Joint Committee on Infrastructure Development and Economic Cooperation held at the Bureau of Treasury office in Manila.


Special Adviser to Prime Minister Hiroto Izumi shakes arms with Finance Sec. Carlos Dominguez all through the second Philippines-Japan High Level Joint Committee and  Infrastructure Development and Economic Cooperation meeting held at the Sala de Sesiones, Bereau of Treasury workplace in Intramuros. PHOTO BY ROGER RAÑADA
“These consist of foremost tasks on railways, flood management and roads, which might be a part of the ‘Build, Build, Build’ software to decongest Metro Manila and in addition expand regions outside the National Capital Region, in addition to cooperation on public safety, such as the anti-drug marketing campaign of President [Rodrigo] Duterte,” Dominguez delivered.

The worry that the Philippine BPO

The worry that the Philippine BPO industry will lose its competitiveness due to the proposed tax reform has no foundation. Certain enterprise stakeholders are probably misinterpreting the provisions of the bill. There is not any change in tax policy here for exporters,” he stated.

Chua defined that receipts from domestic offerings are already concern to twelve percent VAT, and could stay so with the proposed tax reform.

“This has already been the case even earlier than we proposed the Train invoice,” he talked about.

The DoF legit explained that receipts from foreign offerings in the SEZs of the Philippine Economic Zone Authority (PEZA) will stay VAT-exempt, as is the case now, due to the fact they're outside customs territory through legal fiction, or zero-rated if the exporters are outside the unique economic sector, along with the ones which might be Board of Investments-registered.