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High income inequality is still widely prevalent in the Philippines and government must collect more taxes from the country’s conglomerates to narrow the gap and boost revenues, the International Monetary Fund (IMF) said.

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                    [Title] => Experts push inclusive growth, social protection agenda in E. Asia
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Economic growth must be inclusive and sustainable, and that measures for social protection must be part of the agenda of governments in the region, experts on Friday said in a panel discussion at the recently concluded World Economic Forum (WEF) on East Asia.

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Countries in the Association of Southeast Asian Nations (ASEAN) including the Philippines should consider increasing the income tax instead of focusing on consumption tax such as value-added tax (VAT), the deputy managing director of the International Monetary Fund said on Friday at the World Economic Forum (WEF) in Makati City.

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                    [Title] => Emerging marts seen to contribute more to global economy
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Asia, including emerging markets like the Philippines, is expected to contribute more to the global economy in the coming years amid sound fundamentals, a top central banker said.
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Multilateral lender International Monetary Fund (IMF) believes the Philippines has the capability to survive the impact of the fragile economic growth in advanced economies led by the US as well as the sovereign debt crisis in Europe.
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Countries in the Association of Southeast Asian Nations (ASEAN) including the Philippines should consider increasing the income tax instead of focusing on consumption tax such as value-added tax (VAT), the deputy managing director of the International Monetary Fund said on Friday at the World Economic Forum (WEF) in Makati City.

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Multilateral lender International Monetary Fund (IMF) believes the Philippines has the capability to survive the impact of the fragile economic growth in advanced economies led by the US as well as the sovereign debt crisis in Europe.
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                    [Title] => IMF cites improvement in Phl economy
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abtest

Improve tax collection from conglomerates – IMF

By Iris Gonzales | May 25, 2014 - 12:00am

High income inequality is still widely prevalent in the Philippines and government must collect more taxes from the country’s conglomerates to narrow the gap and boost revenues, the International Monetary Fund...

Business

Experts push inclusive growth, social protection agenda in E. Asia

By Iris Gonzales | May 25, 2014 - 12:00am

Economic growth must be inclusive and sustainable, and that measures for social protection must be part of the agenda of governments in the region, experts on Friday said in a panel discussion at the recently concluded...

Business

IMF: Focus on income tax, not VAT

By Jovan Cerda | May 23, 2014 - 1:55pm

Countries in the Association of Southeast Asian Nations (ASEAN) including the Philippines should consider increasing the income...

Business

Emerging marts seen to contribute more to global economy

By Neil Jerome C. Morales | May 3, 2012 - 12:00am

Asia, including emerging markets like the Philippines, is expected to contribute more to the global economy in the coming years amid sound fundamentals, a top central banker said.

Business

World's oldest dog dies in Japan at age 26

December 8, 2011 - 1:17pm

The world's oldest dog according to Guinness World Records has died at the age of 26 years and eight months.

Phl can survive global eco crisis - IMF

By Lawrence Agcaoili | November 8, 2011 - 12:00am

Multilateral lender International Monetary Fund (IMF) believes the Philippines has the capability to survive the impact of the fragile economic growth in advanced economies led by the US as well as the sovereign...

Business

IMF cites improvement in Phl economy

By Pia Lee-Brago | August 21, 2011 - 12:00am

The Philippine embassy in Washington reported that the International Monetary Fund (IMF) has acknowledged the improvement in the Philippine economy, fiscal consolidation and quality of growth.

Headlines