14 February 2018 – Last 19 December 2017, the TRAIN (Tax Reform for Acceleration and Inclusion) bill was signed into law (Republic Act 10963), and has started to take effect 1 January 2018. Also last month, the Department of Finance already submitted the second package of TRAIN to Congress. The two measures are expected to generate P130 billion additional revenues that will fund the government’s infrastructure (“build, build, build”) and social development programs.
13 June 2016 – The 2016 Philippine Election proved to be successful in terms of voter turnout, with over 44.3 million Filipinos (84% of total registered voters) participating, resulting to a substantially higher turnout rate than those of previous election years.
22 February 2016 – Regular, high-level public-private dialogues are essential to ensuring harmonized priorities between the private sector and government, as well as providing a platform for ensuring that these reform measures are enacted quickly.
15 December 2015 – Down to the last week of session before Congress adjourns for the holiday break, the House of Representatives and the Senate are expected to enact the P3 trillion national budget for 2016 and the 2015 Salary Standardization Law for government personnel.
5 October 2015 – Following the enactment of two “business friendly” laws namely the Go Negosyo Act (Republic Act 10644) and the Philippine Competition Act (Republic Act 10667), Senator Bam Aquino, chairman of the Senate Committee on Trade, Commerce and Entrepreneurship