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Philippines: A proposed tax reform bill is will help improve insurance density in the country and at the same time pave the way for more investment opportunities for insurance companies, according to Insurance Commissioner Dennis B. Funa.

The Tax Reform for Acceleration and Inclusion Act has passed the lower house of Congress and is now up for discussion in the Philippine Senate. The TRAIN is the first package of President Rodrigo Duterte's proposed comprehensive tax reform program. The regulator said the bill would usher in the government's massive infrastructure spending, creating a favorable environment for insurance companies in terms of investments.

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Title Annotation:Regulatory Update
Publication:Best's Review
Date:Aug 1, 2017
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