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Philippines: Tax reform to boost growth – BSP

MANILA, Philippines – The proposed tax reform package of the Department of Finance (DOF) will have a positive impact on the country’s economic growth, according to a senior official of the Bangko Sentral ng Pilipinas. BSP Deputy Governor Diwa Guinigundo expressed support for the DOF’s proposed Comprehensive Tax Reform Program. “The BSP supports very strongly […]

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Philippines: DoF bets on 6.5%-7% economic growth this yr

The Department of Finance (DOF) expects the economy to grow by between 6.5 percent and 7 percent this year, citing brisk domestic production, a healthy foreign exchange buffer, a strong banking system and a young and educated workforce. Finance Secretary Carlos Dominguez 3rd also allayed concerns over the impact of global financial shocks such as […]

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