The Department of Finance (DOF) has extended the payment of all local taxes, fees and charges imposed by local government units (LGUs) until mid-December to ease the burden on individuals and businesses affected by the community quarantines. In a statement, Finance Secretary Carlos G. Dominguez III...
BDO Unibank, Inc. (BDO) reported a 3.1 percent improvement in attributable net income to P12.3 billion in the third quarter of 2020 from P11.96 billion in the same period last year despite the continuing impact of the pandemic. In a disclosure to the Philippine Stock Exchange, the bank said...
Poor Filipino families have to contend living in a 6.4 square meter space, the size of a billiard table, while the wealthy comfortably stay in their 38.5 square meter homes. Economist-Congressman Stella Luz Quimbo (Photo credit: https://www.bdo.com.ph/) This was stressed by Economist-Congressman...
With the Bayanihan to Recover as One Act (RA 11494) signed into law, a P10- billion fund has been allotted to The Small Business Corporation (SBCorp), the government’s micro financing arm. SBCorp announced it will start rolling out on Monday, October 26, the P10-billion fund to ensure...
For manufacturer Manufacturers in the Philippines are allowed to carry over any operating loss from financial year 2020-2021 as tax deduction from gross income over the next five taxable years, according to the Board of Investments (BOI). BOI Managing Head Ceferino Rodolfo said this has been ...
The Department of Finance (DOF) said that local airlines have yet to submit the final loan plan to activate their P700 million financial support earmarked under the government’s economic stimulus programs. (Manila Bulletin File Photo) Finance Secretary Carlos G. Dominguez III said the amount of...
The Procurement Service of the Department of Budget and Management (PS-DBM) has called on local companies to participate in the government-wide purchase of medical supplies for the COVID-19 response. As part of government’s effort to help local enterprises during the pandemic, the PS-DBM said it...
The Philippine Competition Commission (PCC) has issued rules on review of mergers and acquisitions (M&As) under Bayanihan to Recover as One Act (Bayanihan 2). The new rules took effect yesterday. The new rules detail the exemptions from compulsory notification and motu proprio review,...
The government is committed to further strengthen efforts to reduce impact of coronavirus, improve the country's healthcare system, and accelerate economic recovery, President Duterte said in a report to Congress. President Rodrigo Roa Duterte (ALBERTO ALCAIN/ PRESIDENTIAL PHOTO) The President...
The Duterte administration has requested for a fresh provisional advance from the Bangko Sentral ng Pilipinas (BSP) in the amount of P540 billion. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. (Bloomberg file photo) “The NG has requested for fresh provisional advance of P540...
The Philippine Competition Commission (PCC) will no longer review mergers and acquisitions with transaction value of less than P50 billion following the suspension of the exercise of this function under the Bayanihan to Recover as One Act (Bayanihan 2). Instead, PCC said will issue the...
PH athletes, coaches will soon get their full monthly allowance Philippine Olympic Committee president Bambol Tolentino (MB Photo / Alvin Kasiban) National athletes and coaches will soon get their full monthly allowance after the House of Representatives ratified the bicameral committee report of...
