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Philippines: Tax effort improves in 2017

The Philippines’ tax effort improved in 2017 from a year earlier on the back of double-digit collection growth at the Bureau of Internal Revenue (BIR), the agency’s chief claimed on Thursday. Tax collection as a percentage of gross domestic product (GDP) rose to 11.26 percent from 10.8 percent in 2016, BIR Commissioner Cesar Dulay said […]

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Philippines: Senate keen on up to 50% rice tariff

MANILA, Philippines — The Philippines may impose up to 50 percent duty on imported rice as lawmakers finalize the amendments to the Agricultural Tariffication Act, which replaces quantitative import restrictions with tariffs. Sen. Cynthia Villar, who chairs the Committee on Agriculture and Food, said lawmakers would likely consider up to 50 percent rice tariff, based […]

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Philippines: Stanchart, ING Bank see 6.7% GDP growth

MANILA, Philippines — Two European banks expect a 6.7 percent economic growth for the Philippines this year, fuelled largely by the ambitious infrastructure program of the government. In a press briefing, Standard Chartered Bank economist for Asia Chidu Narayanan said the Philippine economy may expand by 6.7 percent this year. Narayanan said the Philippines’ trade […]

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