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MACAU — The Philippines has a long way to go before matching Macau as a gaming and entertainment hub, but analysts said the country is making the right moves in building significant momentum for the industry’s growth.
THE Philippine economy likely expanded by at least 7% during the first quarter due to the rebound in exports and farm output, analysts at First Metro Investment Corp. (FMIC) said yesterday, placing the country on track to achieve the government’s growth goal for the year.
CHINA is purchasing more agricultural products worth as much as $200 million annually from farmers in former conflict areas in Mindanao.
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CABINET officials rejected claims that Chinese funding for infrastructure will burden the economy with too much debt, saying that tax reform will help the Philippines raise the bulk of the needed funds internally.
THE PHILIPPINES and Mongolia have agreed to improve their ties in the areas of agriculture, tourism, trade and finance.
Change is inevitable, and whether we like it or not, we have to adapt and learn to handle changes that come our way. The same goes for taxation, one area of the law that is constantly in flux. The changes in taxation are not limited to the proposed reform of income tax rates or fuel and auto taxes but these can also be seen in the procedures of the Bureau of Internal Revenue (BIR). Tax rulings, in particular, have seen significant changes throughout the years.
INFRASTRUCTURE spending grew a little over 12.2% in the first quarter, driven by road projects by the Public Works department, the Department of Budget and Management (DBM) said in a report over the weekend.
DEPARTMENT of Environment and Natural Resources (DENR) Secretary Roy A. Cimatu said he is open to allowing new mining projects after an investment freeze dating back to 2012 when Executive Order (EO) 79 was issued.