Patrick Cooke: ALL BLOG POSTS
The results of the latest OBG Business Barometer: Philippines CEO Survey shed light on how President Rodrigo Duterte’s tax reform packages have been received by the business community. Effective since January 1, 2018, the Tax Reform for Acceleration and Inclusion (TRAIN) programme has exempted many low-wage workers from income tax but was also partly blamed for causing inflationary pressures that year. Of the almost 100 C-suite executives that were surveyed, some 35% said TRAIN had affected local business conditions in a negative way, 33% gave a neutral response, 29% responded that it had a positive impact and 1% opted for very positive.
Myanmar’s ongoing transition from authoritarianism to democracy will reach its next milestone in 2020, when general elections will be held in union, state and regional legislatures. The polls will take place almost 10 years after the country began the gradual process of opening its economy to the world and granting democratic freedoms to a population that had lived under military rule for some five decades. After three years of a civilian-led government CEOs of local and international firms are generally positive about the shortterm prospects for growth and expansion, with 69% expressing a favourable opinion of business conditions.