The Department of Budget and Management (DBM) said the government has released funds for the implementation of several coronavirus response programs under the Bayanihan I and Bayanihan II. (JANSEN ROMERO / FILE PHOTO / MANILA BULLETIN) In a statement, Budget Secretary Wendel E. Avisado, said that...
The government through its auditing agency is set to improve its systems to regulate coronavirus-related expenses. Commission on Audit disclosed its plan last week to team up with members of civil society organizations to comply with the procurement regulations mandated under the Bayanihan Act....
The country’s competition watchdog said it remains vigilant to transactions below the significantly lower mandatory threshold merger review of P50 billion even as it focuses on its enforcement function during this period of pandemic. Philippine Competition Commission (PCC) Chairman Arsenio...
GMA Network’s socio-civic arm GMA Kapuso Foundation (GMAKF) fulfills the Kapuso mandate of Serbisyong Totoo via its ‘Operation Bayanihan’ relief operations as thousands of Filipinos across the country are in dire need of help following the onslaught of Super Typhoon Rolly and, most recently,...
Senator Ralph Recto yesterday sought for an accounting of the funds being allocated to government financial institutions for lending to the micro, small and medium enterprises (MSMEs). Senator Ralph Recto (Senate of the Philippines / MANILA BULLETIN) This transpired at the Senate hearing for the...
Senator Ralph Recto yesterday sought for an accounting of the funds being allocated to government financial institutions for lending to the micro, small and medium enterprises (MSMEs). Senator Ralph Recto (Senate of the Philippines / MANILA BULLETIN) This transpired at the Senate hearing for the...
1. The one where citizens offered free load to anyone who needed it. 2. When Kim and Jericho Rosales used their surfboards to help rescuers at a private village adjacent to the Marikina River GOOD SAMARITANS Jericho Rosales and wife Kim Jones helping rescue residents trapped in their homes in...
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 ...
