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The conservative yet unconventional Governor

Yellow Pad By Filomeno S. Sta. Ana III Nesting Espenilla is a low-key Governor of the Bangko Sentral ng Pilipinas (BSP). He avoids the limelight, and that’s the way it should be for the head of an independent, non-political Central Bank. But unavoidably, he becomes headline news, especially during uncertain times when prices and the […]

TRABAHO: Setting free an urgent reform

Yellow Pad By Jenina Joy Chavez   The House of Representatives passed the Tax Reform for Attracting Better and High-Quality Opportunities or TRABAHO Bill in early September. The first major component of TRABAHO is the reduction of the corporate income tax (CIT) rate to 20% over a period of nine years, starting 2021. The Philippines […]

A lesson that Duterte must heed

Yellow Pad By Filomeno S. Sta. Ana III   He is a populist, and has endeared himself to the masses. He won the elections by a landslide, and till now, his political party is hard to beat. He put in place universal health care, poured resources in rural areas, and built massive infrastructure such as […]

Advancing fiscal incentive reform

Yellow Pad By Filomeno S. Sta. Ana III   THE rationalization of fiscal incentives is a long-overdue reform. It is a necessary reform for several reasons. The current regime of incentives has resulted in the loss of huge potential revenues every year. In 2016 alone, the foregone revenues amounted to P178.56 billion. The Philippines has […]

The SONA: a ranking of preferences

Yellow Pad By Filomeno S. Sta. Ana III   Rodrigo Duterte’s 2018 State of the Nation Address (SONA) addressed a lot of issues. And depending on your values, beliefs and advocacy, one would either slam Duterte or begrudgingly recognize parts of his reform agenda. But it is not merely a question of counting what is […]