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MACTAN, Cebu – Finance Ministers of the Asia-Pacific Economic Cooperation (APEC) have one fervent wish for the Cebu Action Plan (CAP): that it may end up like the Bogor Goals of 1994. “It is our hope,” said Finance Secretary Cesar V. Purisima, “that the Cebu Action Plan is going to be referred to again and again in a similar way to how the trade ministers continually refer to the Bogor Goals of 1994 in order […]
CEBU CITY, Cebu – As the Philippine Congress seeks to finalize a comprehensive tax reform law, the International Monetary Fund (IMF) has proposed that the country get more people to pay taxes while it lowers its income tax rate. Doing so would safeguard the country’s revenue stream, said IMF Resident Representative to the Philippines Shanaka Jayanath Peiris during a press briefing at the sidelines of the Asia-Pacific Economic Cooperation (APEC) meetings. “A comprehensive approach would […]
(Eagle News) —Finance Ministers of the Asia-Pacific Economic Cooperation (APEC) concluded the 22nd meeting by launching the Cebu Action Plan, a roadmap for a more sustainable financial future for the Asia-Pacific region. Finance Secretary Cesar V. Purisima said that the “Cebu Action Plan” (CAP) that was launched on Friday, Sept. 11 was the “work of a region facing forward in steadfast cooperation amid complex challenges and opportunities.” “We hope the CAP emerges as the lasting […]
(Eagle News) — President Aquino on Thursday (Sept. 10) told finance ministers attending the Asia Pacific Economic Conference (APEC) in Cebu province of the Philippine experience in mounting an economic turn-around that the government under his watch was able to do, and equated this to the promise of economic prosperity that APEC brings. Addressing the start of the two-day APEC Finance Ministers Meeting at the Shangrila Hotel in Lapu-Lapu City, Cebu, the President boasted of his administration’s achievements […]
(TAGAYTAY CITY, Cavite) The private sector has identified 12 initiatives that could be included in the Cebu Action Plan (CAP) to help small businesses, a private sector representative to the Asia-Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC) has said. In a press conference at the Summit Ridge Hotel here on Thursday, Dr. Caesar Parrenas said that these initiatives include the creation of a credit information system, the use of movable collaterals, and fixing trade […]
