MB FILE – President- elect Rodrigo Duterte/ AFP PHOTO / MANMAN DEJETO DAVAO CITY —President-elect Rodrigo R. Duterte and his economic team will present the country’s economic situation and the incoming administration’s 10-point socio-economic agenda in the “Sulong Pilipinas” economic forum on Monday at the SMX Convention Center. The updated 10-point agenda includes the following: • Continue and maintain current macroeconomic policies, including fiscal, monetary, and trade policies. • Institute progressive tax reform and more effective tax collection, indexing taxes to inflation. A tax reform package will be submitted to Congress by September 2016. • Increase competitiveness and the ease of doing business. This effort will draw upon successful models used to attract business to local cities (e.g., Davao) and pursue the relaxation of the Constitutional restrictions on foreign ownership, except as regards land ownership, in order to attract foreign direct investment; • Accelerate annual infrastructure spending to account for [...]
