Economy

Congress mulls amendment of REIT law

MANILA -- The House of Representatives may push for the amendment of the Real Estate Investment Trust (REIT) Act, Representative Arthur Yap said Monday. During the real estate market briefing of Leechiu Property...

Cabinet officials to showcase rosy outlook on PH economy

Officials of the Duterte Administration, led by the economic and infrastructure ministers, are set to showcase economic opportunities to potential investors from Japan and China next week. The two-part economic roadshow...

TRAIN to benefit 99 percent of Filipino families

The Department of Finance (DOF) has maintained that the proposed Tax Reform for Acceleration and Inclusion Act (TRAIN) will benefit 99 percent of Filipino households because of its proposed income tax...

LEDAC to focus more on curbing corruption in procurement process

MANILA -- The Legislative-Executive Development Advisory Council (LEDAC) has agreed to put greater focus on curbing corruption in the procurement process. “Corruption puts a heavy toll on the government and the services it...

PH posts P28.8-B surplus in August ‘17

MANILA -- The government posted a PHP28.8-billion budget surplus in August 2017 as revenue collections for the month grew higher than expenditures. Data released by the Bureau of the Treasury (BTr) on...

ICC to recommend fast-track approval of projects for ODA financing

The Investment Coordination Committee-Cabinet Committee (ICC-CC) is set to recommend to the National Economic and Development Authority (NEDA) Board the further streamlining of the approval process for big-ticket projects to be...

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