Tax reform to help PH ramp up infra spending – ADB

TAX reform will enable the Philippines to ramp up infrastructure investment in line with Asia-Pacific’s $22.6 trillion infrastructure needs through 2030, the Manila-based Asian Development Bank (ADB) said.

The baseline scenario indicates that developing Asia will need to invest $22.6 trillion from 2016 to 2030, or $1.5 trillion annually, in infrastructure, the multilateral lender said in the report “Meeting Asia’s Infrastructure Needs” released on Tuesday.