Duterte pledged to lower personal and corporate income taxes and relax rules protecting the secrecy of bank deposits. Duterte sets out growth focus in first big speechPhilippine President Rodrigo Duterte promised to keep the economic policies of his predecessor “and even do better,” outlining policies he said would boost growth and create jobs to lift people out of poverty. The Philippine Stock Exchange Index rose 0.3 percent at the close of trading in Manila before the president’s speech. He spoke for 90 minutes, longer than the expected 40 minutes and veering from his prepared speech several times. The gauge has jumped 12 percent since Duterte declared victory on May 10, standing just shy of a record.

Source: Manila Bulletin July 26, 2016 08:37 UTC