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From near stagnation to our best hope for economic growth

AMONG the prospective cabinet members of President-elect Rodrigo Duterte, former Gov. Manny Piñol of North Cotabato appears to have already started moving so that when the new administration takes over on June 30, the Department of Agriculture will not be wasting any time in getting its programs underway.

THIS may well be the most significant legacy of the outgoing Aquino administration – a Gross Domestic Product (GDP) growth of 6.9 percent for the first quarter of 2016. It was better than China’s 6.7 percent, Vietnam’s 5.5 percent, Indonesia’s 4.9 percent, and Malaysia’s 4.2 percent. The Philippines was thus the fastest growing economy in Asia in these first three months of the year.

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Department of Transportation and Communications (DoTC) Secretary Manuel “Mar” A. Roxas II will file a case against Stradcom to recoup about P2 billion that the private Information Technology (IT) company collected through its alleged illegal use of communications data stored at the State-owned Land Transportation Office (LTO).

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MANILA, Philippines (Tempo) – Tax fraud and other officials of the Bureau of Internal Revenue (BIR) disclosed yesterday that the government is losing up to P40 billion annually from various tax evasion schemes employed by unscrupulous taxpayers. BIR Commissioner Kim S. Jacinto-Henares, however, said she could not give a rough estimate of the amount of […]

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