When Rodrigo Duterte was elected president of the Philippines last May, he promised a war on drugs. His crackdown “has seen more than 7,000 drug suspects killed by police, vigilantes and rivals (the three categories overlap)”, says The Economist. It has overshadowed his tenure so far, which is a pity: there are other policies he heralded that could improve the economic outlook.
A tax-reform bill before the legislature proposes lowering the top personal income-tax rate from 32% to 25% and raising the tax-free income threshold while increasing indirect taxation. A second would trim corporation [...]