Duterte Woos Foreign Investors and Businesses; Vows to Cut Red Tape, Reduce Income Tax Rates

President Rodrigo Duterte vowed to cut red tape and corruption during his first State of the Nation address. He said he wants to improve the ease of doing business in the country by promising to release government permits and clearances within three days. He also said he would continue infrastructure improvement through rail networks and transportation system. He also asked Congress to reduce corporate and personal income taxes to levels…

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