by ev3v4hn | May 29, 2020 | Business News
The Philippine government would need bigger fiscal support, which could mean more public money, directed toward COVID-19 response than it already has as it gradually opens the economy although cases of infection were still considered high, according to a London-based think tank. In a report, Capital Economics said a fiscal stimulus package that passed the […]
by ev3v4hn | May 28, 2020 | Business News
The China-led Asian Infrastructure Investment Bank (AIIB) on Thursday (May 28) approved a second loan to the Philippines, worth $750 million, for COVID-19 response. Finance Undersecretary Mark Dennis Y.C. Joven told the Inquirer that the Beijing-based lender approved...
by ev3v4hn | May 23, 2020 | Business News
The Board of Investments (BOI) wants to give tax breaks to projects that will help in the COVID-19 response effort such as mass-production of face masks, but the proposal still remains pending in Malacañang two weeks after its submission for approval. The BOI included...
by ev3v4hn | May 20, 2020 | Business News
Internal revenue allotment (IRA) shares to be disbursed by the Department of Budget and Management (DBM) in 2021 will rise to P695.5 billion for 43,647 local government units (LGUs), which were ordered to align their 2021 spending plans to the national government’s...
by ev3v4hn | May 16, 2020 | Business News
MANILA, Philippines — As the government scrambled to respond to the health and socioeconomic crises caused by the COVID-19 pandemic, budgets for education and infrastructure have been slashed to fund dole-outs and medical response, Department of Budget and Management...
