President Duterte’s 10-Point Socio-Economic Agenda:

1. Continue and maintain current macroeconomic policies, including fiscal, monetary, and trade
policies.
2. Institute progressive tax reform and more effective tax collection, indexing taxes to inflation.
- Duterte has expressed interest in pursuing a more progressive income tax system and more
transparent bank secrecy laws, and these comments potentially open the door to lower
corporate income tax as well.
3. Increase competitiveness and the ease of doing business.
- This effort will draw upon successful models used to attract business to local cities (e.g.,
Davao) and pursue the relaxation of the Constitutional restrictions on foreign ownership,
except as regards land ownership, in order to attract foreign direct investment.
4. Accelerate annual infrastructure spending to account for 5% of GDP, with Public-Private
Partnerships playing a key role.
- In order to address the country’s infamous infrastructural deficits and congestion issues,
Duterte has committed 5 percent of annual GDP to infrastructure spending. It is hoped that
increased spending will improve tourism through upgraded transportation and stimulate the
Philippines’ IT industry by enhancing the nation’s internet connectivity.
5. Promote rural and value chain development toward increasing agricultural and rural enterprise
productivity and rural tourism.
- The secretary of the Department of Agriculture (DA) has insisted on the importance of the
rice-sufficiency program and the extension of more assistance to farmers, such as free
irrigation and palay-price support.

Sources:
https://business.inquirer.net/222340/president-dutertes-10-point-socioeconomic-agenda
https://www.aseanbriefing.com/news/2016/05/20/rodrigo-dutertes-economic-vision-punishers-plans-
philippines.html