These proposed economic and fiscal measures were endorsed to the economic managers of President Duterte. Yesterday, President Duterte indicated a change of mind with his “free-for-all” importation policy as immediate measure to bring down inflation rate from 6.4% last month. Before holding his 29th Cabinet meeting, President Duterte announced this as the 17th Congress is set to go on another recess starting Oct. 13 until Nov. 11. The second package of the Duterte tax reforms program was dubbed as Tax Reform for Attracting Better and High-Quality Opportunities, or TRABAHO bill. “There is no such thing as forever, especially tax holidays,” Rep.Salceda declared.

Source: Philippine Star September 11, 2018 15:55 UTC