Infrastructure, taxes on businessmen's minds as Duterte delivers SONA | ABS-CBN

ABS-CBN Ball 2025:
|

ADVERTISEMENT

ABS-CBN Ball 2025:
|
dpo-dps-seal
Welcome, Kapamilya! We use cookies to improve your browsing experience. Continuing to use this site means you agree to our use of cookies. Tell me more!

Infrastructure, taxes on businessmen's minds as Duterte delivers SONA

Infrastructure, taxes on businessmen's minds as Duterte delivers SONA

ABS-CBN News

 | 

Updated Jul 24, 2017 09:24 AM PHT

Clipboard

MANILA - President Rodrigo Duterte needs to address how he will speed up twin efforts to build new infrastructure and reform the tax system during his second state of the nation address, businessmen said Monday.

Since his first SONA, Duterte has unveiled a P8-trillion "build, build, build" list and certified as urgent a bill seeking higher duties on fuel and sugar-sweetened drinks to offset a planned reduction in income tax rates.

President Duterte leads the inauguration of the Miranda Bridge II which connects the Municipality of Carmen and the City of Tagum in Davao del Norte. Infrastructure such as these are targeted to improve transport of agriculture products as well as mass transit. Malacañang Photo

"For the economy to take off, we really need to put in place the infrastructure because that will decide the efficiency with which we do business," said Mindanao Business Council chairman Vicente Lao.

European Chamber of Commerce president Guenter Taus said it was important "to fully understand where we're moving in terms of infrastructure."

ADVERTISEMENT

"We have to see where this is leading because, so far, we do not really see much action there," Taus said.

Taus said higher excise taxes on cars could put European car-makers at a "disadvantage."

Martial law in Mindanao due to 2 months of fighting in Marawi City has not affected investor confidence, Lao said, adding "It's business as usual."

Duterte was "decisive" in dealing with Maute group, a band of Islamic State-inspired militants .

"We cannot underestimate the clear and present danger of the Marawi threat," Lao said.

ADVERTISEMENT

ADVERTISEMENT

It looks like you’re using an ad blocker

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker on our website.

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker on our website.