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One of the goals of the TRAIN law is to make the economic environment of the Philippines more appealing to foreign investors. The reforms being implemented by the Duterte administration have been recognized and lauded by international institutions, leading to strong investor confidence and better growth prospects for the economy. [39]
The Philippine National Railways is interested in constructing a train network in the Visayas, to be known as the Visayas Railway, although no formal proposals have been made. On its vision statement , the PNR aims to become a transnational railroad operator covering all three major island groups in the country including the Visayas . [ 132 ]
The policy of taxation in the Philippines is governed chiefly by the Constitution of the Philippines and three Republic Acts. Constitution: Article VI, Section 28 of the Constitution states that "the rule of taxation shall be uniform and equitable" and that " Congress shall evolve a progressive system of taxation ".
R. A. No. Title / Description Date signed Ref. 11976 Ease of Paying Taxes Act January 5, 2024 [42]11977 An Act establishing in the Municipality of Floridablanca, Province of Pampanga, a Campus of the Pampanga State Agricultural University, to be known as the "Pampanga State Agricultural University-Floridablanca Campus", and appropriating funds therefor
April 6 – The University of the Philippines College of Law wins the 2024 Philip C. Jessup International Law Moot Court Competition in Washington D.C., making it the third Filipino competitor to win the event in its history. [419] April 13 – Visual artist Elvin Perocho Vitor of Bohol receives the Leonardo da Vinci International Award in ...
An Act Strengthening the Anti-Hospital Deposit Law by Increasing the Penalties for the Refusal of Hospitals and Medical Clinics to Administster Appropriate Initial Medical Treatment and Support in Emergency or Serious Cases, Amending for the Purpose Batas Pambansa Bilang 702, Otherwlse Known as “An Act Prohibiting the Demand of Deposits or ...
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When the Philippine National Railway (PNR) was created by virtue of Republic Act 4156 [15] in 1964, establishment of a railway in Mindanao was made part of its mandate. Section 5 of the law explicitly stated that ₱50 million had been allocated for the survey and establishment of a railway on the island. When Republic Act 4156 was superseded ...