Tag: Philippines economy
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What Marcos Administration Can Do to Arrest Slower Economic Growth in 2025
Executive summary: Setting the course for faster growth in 2025 After another quarterly print that underscored slower momentum, the Marcos administration faces a pivotal decision: accelerate growth by targeted reforms or weather headwinds with short-term fixes. The path forward combines pragmatic policy adjustments, predictable rules, and investments that unlock private sector activity. The aim is…
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DEPDev Chief Balisacan Pushes Stricter Tax Enforcement Over New Holidays, VAT Cuts
Government Rebuffs Tax Holidays and VAT Cuts in Favor of Stronger Tax Enforcement The Philippine government, led by Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio M. Balisacan, is signaling a clear preference for tightening the reins on existing tax measures rather than introducing new relief like tax holidays or lowering the value-added tax…