Malacañan welcomes PAL’s P6-B tax settlement

MANILA — Malacañang welcomed the P6-billion settlement of Philippine Airlines (PAL) with the government, which is expected to fund the Duterte administration’s priority projects, particularly the rehabilitation of Marawi City.

“That is a very, very positive outcome na inaasahan din ng ating gobyerno, ng ating Pangulong Rodrigo Roa Duterte,” Secretary Andanar said, adding that the Finance and Budget team will be the ones allocating the budget and that the infrastructure projects have to be implemented as soon as possible.

Secretary Andanar also reiterated that Japan has provided funds worth USD6 billion to the Philippines to support the infrastructure and development projects, including the establishment of a subway system in Metro Manila.

The project seeks to help address traffic congestion in Metro Manila, ease air pollution and promote investments in the Philippines.

“Remember, si Japanese Prime Minister Abe ay nag-commit na ng anim na bilyong dolyar para sa project na ‘yan at paulit-ulit niyang sinabi during the meeting in Japan… partial operability,” Secretary Andanar said.

“So meaning, sa loob mismo ng termino ni Pangulong Digong ay ma-experience natin ang underground sa Metro Manila or ‘yung subway system,” he said.

“This is really a positive outcome na nagbayad na ho ang grupo ng PAL ng anim na bilyon,” he added(PNA)

Popular

DepEd reiterates school safety guidelines, streamlines critical offenses, penalties for erring learners

By Brian Campued Amid heightened concerns over school safety due to the spate of school violence involving minors, the Department of Education (DepEd) has imposed...

Carney sees PH’s upper middle-income status a big boost to investments

By Ruth Abbey Gita-Carlos | Philippine News Agency Canadian Prime Minister Mark Carney on Thursday (Canada time) said the Philippines’ recent classification as an upper...

‘Obstructionists’ like Imee rely on fake news to destabilize PBBM admin —Palace

By Brian Campued “Hindi lang ito simpleng paninira, hindi ito simpleng pagbibigay at pagkakalat ng fake news—paghahasik ito ng poot.” Malacañang on Wednesday described Sen. Imee...

PBBM hails nearly 8 decades of PAF’s service to the nation, Filipinos

By Dean Aubrey Caratiquet As the top official of the country’s various military institutions, President Ferdinand R. Marcos Jr. led the celebration of the Philippine...