MANILA -- Foreign investments in the Philippines plunged for a second straight year in 2019, as prolonged debates on amending corporate income tax rules and the U.S.-China trade war forced companies to put off expansion plans.
Now the coronavirus epidemic is threatening to slow the global economy and complicate legislative deliberations on the Corporate Income Tax and Incentives Rationalization Act, or Citira, which President Rodrigo Duterte said must be passed urgently.
