A Philippine conglomerate is pushing a new monorail connection to one of Metro Manila's busiest train lines.
Photo credit: GovernmentZA, Flickr/CC BY-ND 2.0
Officials in the Philippines are hailing the country's record $2.75 billion trade deficit in May as a sign that President Rodrigo Duterte's ambitious infrastructure development plan is successfully fueling the economy.
The Philippines' President Rodrigo Duterte plans to nearly double government infrastructure spending from 2015 to 2022 in what he is calling the "golden age" of infrastructure.
Philippine President Rodrigo Duterte's Comprehensive Tax Reform Program is predicted to create $2.68 billion in revenue gains to help fund his ambitious infrastructure plans, however, the bill could face some pushback as it reaches the Senate.