European economy suffers record drop amid pandemic
In this Wednesday, April 29, 2020 photo a man walks in front of the European Central Bank in Frankfurt, Germany. The European economy shrank by 3.8% in the first quarter,…
Kin, beneficiaries of 8 health workers who died of COVID-19 to get P12.9M from GSIS
Families and beneficiaries of eight public health workers who died giving care to COVID-19 patients but contracted the disease themselves would receive a total of P12.9 million in life insurance…
With fever checks and masks, Dubai’s megamall reopens
Dubai Mall is operating at 30% of capacity to ensure social distancing. Image: AFP/Karim Sahib via AFP Relaxnews Clutching bags from designer boutiques in their gloved hands, customers are back…
Would you be willing to pay 50% more for your no-frills airline ticket?
To make up for revenue lost by blocking off the middle seat, low-cost carriers would have to hike up the price of tickets. Image: istock.com/Alan Morris via AFP Relaxnews Industry…
COVID-19 impact: Customs collection goal cut to P706.9B
The Duterte economic team has slashed the Bureau of Customs’ (BOC) target collection of import duties and other taxes for 2020 to P706.9 billion in light of the COVID-19 pandemic’s…
Neda chief: Pandemic to cost PH economy P1.1T in 2020
The Philippine economy can still crawl its way to positive growth in the first quarter of 2020 but will suffer up to P1.1 trillion in revenue loss the entire year…
Dominguez on post-pandemic stimulus: Citira is it
The Corporate Income Tax and Incentives Reform Act (Citira) can serve as stimulus for a post-pandemic economy as it would attract more investments and create jobs, Finance Secretary Carlos G.…
DOF orders LGU treasurers to monitor use of COVID-19 grants
The Department of Finance (DOF) has ordered local treasurers to monitor the use of grants that their local government units (LGUs) had received for COVID-19 response. The DOF’s Bureau of…
COVID-19 impact: Spanish think tank slashes PH growth forecast to 1.4 percent
Barcelona-based FocusEconomics has slashed its 2020 growth forecast for the Philippines to 1.4 percent as the COVID-19 pandemic and the local lockdown to fight the disease deeply hurt the economy.…
Metrobank’s Q1 profit down 9.3% on higher loan loss buffer
Metropolitan Bank & Trust Co. chalked up P6.1 billion in net income for the first quarter, down by 9.3 percent year-on-year, on higher provisions made for possible credit losses given…