THE four packages of the proposed Comprehensive Tax Reform Package (CTRP) may generate up to $4 billion of revenues by 2019 once passed into law, Finance Secretary Carlos Dominguez 3rd said in an investment forum in Hong Kong last week, as he tried to convince potential investors to place their bets on the Philippine economy.
During the 20th Credit Suisse Asian Investment Conference, Dominguez called on investors to help rewrite the Philippine growth story by taking part in the country’s nascent drive to finally close its infrastructure backlog that has for decades blunted its regional competitiveness as an investment hub.
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