by ev3v4hn | May 28, 2020 | Business News
Economic recovery in the Philippines is nascent, or still emerging, as the country loosens up the most restrictive COVID-19 lockdown in Asia, according to a report of the Malaysian financial giant Maybank. “The Philippines and Indonesia are still facing high daily COVID-19 cases although there are tentative signs that the outbreak may have peaked,” said […]
by ev3v4hn | May 28, 2020 | Business News
Stocks closed higher on Wall Street Wednesday, extending the market’s gains into a third day on hopes for a coming economic revival as larger swaths of the country relax stay-at-home mandates imposed due to the coronavirus pandemic and clear the way for more...
by ev3v4hn | May 21, 2020 | Business News
Finance Secretary Carlos G. Dominguez III has urged the Senate to pass the improved and more COVID-19-responsive version of the Duterte administration’s corporate income tax reform package as a form of stimulus for pandemic-hit firms. The Corporate Recovery and Tax...
by ev3v4hn | May 19, 2020 | Business News
MANILA, Philippines — The economic team has slashed the amount set aside to build infrastructure this year even as total expenditures on public goods and services were jacked up to better respond to the COVID-19 crisis. The latest projections of the Cabinet-level...
by ev3v4hn | May 14, 2020 | Business News
The Philippines’ corporate income tax rate—Asean’s highest, currently at 30 percent—can slide to 25 percent during a one-time, big-time reduction planned in July if Congress will heed the economic team’s pitch in its proposed COVID-19 recovery program. Called the...
