by ev3v4hn | Aug 17, 2020 | Business News
The Bangko Sentral ng Pilipinas (BSP) is widely expected to temporarily pause from monetary easing and keep the policy rate at 2.25 percent when its policy-making body meets on Thursday (Aug. 20) even as the COVID-19-induced recession force lower interest rates before yearend to facilitate economic recovery. “As it stands, the BSP has eased by […]
by ev3v4hn | Aug 17, 2020 | Business News
Raids conducted by the Bureau of Internal Revenue’s (BIR) “strike team” against the illicit trade of cigarettes have already yielded over P1.2 billion in counterfeit sticks and fake tax stamps at a time when the government needed more revenues to finance its COVID-19...
by ev3v4hn | Aug 17, 2020 | Business News
The automotive industry is now asking the Department of Trade and Industry (DTI) for support as the pandemic might lead to worse problems than just the much fewer car sales at the end of the year. Vehicle sales dropped 35.4 percent to 20,542 in July alone from 31,810...
by ev3v4hn | Aug 17, 2020 | Business News
MANILA, Philippines — Business groups lauded the compromise both houses of Congress reached on the moratorium on debt payments to ease the difficulties of Filipinos during the COVID-19 quarantine in many parts of the country. Francis Lim, president of the influential...
by ev3v4hn | Aug 17, 2020 | Business News
The Department of Trade and Industry (DTI) wants the Bayanihan 2 bill to include tax perks that would encourage businesses to keep at least 90 percent of their workforce, a copy of the agency’s letter to the House of Representatives read. It remains to be seen,...
by ev3v4hn | Aug 17, 2020 | Business News
The Villar family’s Vista Land & Lifescapes Inc. sees a challenging period ahead as earnings took a hit during the first semester of the year. The company, however, pointed to signs of recovery in the tail end of the first half as strict COVID-19 lockdown measures...
