by ev3v4hn | Jul 27, 2020 | Business News
Subsidies for the purchase of rice for buffer stocks and health insurance raised government spending in June with the state-run National Food Authority (NFA) and the now scandal-ridden Philippine Health Insurance Corp. (PhilHealth) getting the biggest budgetary support. The latest Bureau of the Treasury data showed that the NFA received the largest subsidy among government-owned […]
by ev3v4hn | Jul 27, 2020 | Business News
No thanks to the ongoing COVID-19 pandemic, Philippine banks tightened their loan standards unequivocally for the first time in the 11 years that the Bangko Sentral ng Pilipinas (BSP) has been surveying senior loan officers to gauge their appetite for lending....
by ev3v4hn | Jul 27, 2020 | Business News
Despite rising budgetary needs for COVID-19 response and universal health care and a weak tax collection because of recession, the government is not resorting to higher excise on so-called sin products beyond rates already mandated by recent laws, according to the...
by ev3v4hn | Jul 27, 2020 | Business News
T-bills rates continued to fall across-the-board on Monday as government securities remain appealing to investors while the economy awaits an injection of fiscal stimulus to fight the COVID-19 pandemic. The Bureau of the Treasury awarded all P20 billion in Treasury...
by ev3v4hn | Jul 27, 2020 | Business News
The Bureau of Internal Revenue (BIR) is bent on collecting 5 percent franchise taxes owed by Philippine offshore gaming operators (Pogos) based overseas despite opposition from the Philippine Amusement and Gaming Corp. (Pagcor). In a statement on Monday (July 27), the...
