New tax reform bill offers more ‘flexible incentives,’ says Salceda

MANILA, Philippines — There will be more flexible incentives in the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) bill, which was previously called as the Corporate Income Tax and Incentives Reform Act (CITIRA), Albay Rep. Joey Salceda said on Saturday. “The new CITIRA will now reduce corporate income taxes faster, from 1 percent […]

BPI stretches out loan payment programs

BPI logo Ayala-led Bank of the Philippine Islands has extended its deferred payment programs for consumer and business loans to align with the “Bayanihan We Heal as One” Act and the declaration of the Modified Enhanced Community Quarantine (MECQ) over the National...

Lucio Tan donates Batangas COVID-19 lab

LTG president Michael Tan and Philippine Red Cross chair Richard Gordon The group of tycoon Lucio Tan is donating a bio-molecular laboratory to the Philippine Red Cross with its own automated ribonucleic acid (RNA) extraction and polymerase chain reaction (PCR)...