This TRAIN is the worst that can happen to the economy of the country and to the majority of Filipinos... the Middle class and the rich are the only ones benefiting from this tax reform.
You will see in few days already the prices skyrocketing... As the prices will go up, people will spend less and if the people don't spend, the economy collapse (that's the 1 0 1 in economy all over the world)... And of course, it's always the poor who suffer the most...
The loan given by China at an exhorbitant rate interest will make the Filipinos pay for it for several decades... Imagine that the debt accumulated in Marcos time is not yet fisnished to pay so maybe everything will ρáíd in 50 years from now (ρáíd by the tax payers), And if the country cannot repay China, China will take our land or natural ressources because it's in their contract.... Like what happened in Greece, Sri Lanka, Ethiopia, Australia... the list is long! The country will never progress if in debt always and people will remain poor... but I guess that what wants duterte: it's so easy to manipulate poor and uneducated people!! Meanwhile, the corrupt are dancing...