Defining the News
THE 14 approved Manila Bay reclamation projects which were put on hold over a suspension order by President Marcos can generate as much as P432 billion in national land taxes, include value added tax, capital gains tax, and documentary stamp taxes, according to Albay Rep. Joey Sarte Salceda.
Salceda agreed, however, that reclamation as a revenue source for the national government has not yet been maximized. According to Salceda, the reclamation project has been a “standard practice” in the largest cities in the world. Twenty percent of what used to be Tokyo Bay has been reclaimed to accommodate the growing needs of the Tokyo Metropolitan Area.
Salceda also praised President Marcos’s decision to “rethink reclamation so that we can have a truly serious national conversation on the costs and the benefits.”
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
QC to offer 'libreng sakay' on Oct. 16 amid planned transport strikeThe Quezon City government on Friday said it would offer free rides (libreng sakay) to commuters via its Q City Bus service on Monday, October 16.
Baca lebih lajut »
College of PT: Honoring Manila Central University graduates – Stories of success and impactA broader look at today’s business
Baca lebih lajut »
Pangasinan debuts world-class artistry at Manila FAMEDefining the News
Baca lebih lajut »
Manila continues face-to-face classesThe city government of Manila announced that there will be no suspension of face-to-face classes in all levels in public schools on Monday, October 16 despite the transport strike.
Baca lebih lajut »
College of PT: Honoring Manila Central University Graduates – Stories of Success and ImpactDefining the News
Baca lebih lajut »
Park Seo-jun returns to Manila for fun meetPark Seo-jun said he felt elated with the warm welcome that he received from Filipino fans as he returned to the country for a fan meeting.
Baca lebih lajut »