Tax reform

Can the TRAIN bill save the Philippines?

This month marks the third year of Rodrigo Duterte’s presidency. His presidency has been controversial to say the least, from being marred with criticisms from international institutions for his war on drugs to his various public outbursts. Most recently, the Filipino president called God “stupid” and vowed to resign if anyone could prove that God existed.His penchant for outrageous headlines however has stolen the spotlight from his economic reforms, dubbed “DuterteNomics”.

31 July 2018

Fitch upgrades Philippines in win for Duterte's economic plans

Fitch Ratings raised the Philippines sovereign rating in a boost for President Rodrigo Duterte’s economic plans, which include a tax reform that’s set to strengthen the fiscal outlook.The rating on the nation’s long-term foreign currency-denominated debt was raised one level to BBB with a stable outlook, Fitch said in a statement on Monday.

11 December 2017