PH ‘underspending’ vs COVID-19 risks
Foreign banks and think tanks have deemed the Philippines’ fiscal response to the COVID-19 pandemic as low compared to other countries in Southeast Asia and emerging market peers. They see…
Group of Pogo service firms vows to heed gov’t conditions for partial return of operations
The country’s largest licensed online gaming service providers said on Friday (May 1) that its members will follow the strict guidelines issued by the government as a precondition for the…
DTI: Over half of MSMEs in PH fully stopped operations due to virus outbreak
MANILA, Philippines — More than half of the country’s micro, small and medium enterprises (MSMEs) in the country had to stop their operations due to the COVID-19 pandemic, the Department…
World shares skid following grim news on US, EU economies
A man walks past an electronic stock board showing Japan’s Nikkei 225 index at a securities firm in Tokyo Friday, May 1, 2020. Shares have dropped in Asia after Wall…
PH debt reached new high in March: P8.18 trillion
National government debt rose slightly in March to P8.18 trillion, or twice the national budget in 2020, as an increase in domestic borrowing that month offset payments made on foreign…
Microsoft’s cloud business helps offset pandemic woes
The Microsoft logo in Issy-les-Moulineaux, outside Paris, France (Image: AP/Michel Euler) Ongoing demand for Microsoft’s cloud computing services helped soften the blow of the coronavirus pandemic on the software giant’s…
Twitter stock slips amid pandemic-caused revenue uncertainty
A screen shows the price of Twitter stock at the New York Stock Exchange. Image: AP/Mark Lennihan OAKLAND, California—Twitter’s stock tumbled Thursday after the company failed to show that it’s…
Isolate the sick to get the economy moving, says Concepcion
After the two-month lockdown of Metro Manila, the country should start working on a normalization process using the simple strategy of isolating the sick, not those who are healthy, according…
P200M in fake cigarettes seized in Valenzuela
Authorities have seized some P200-million worth of fake cigarettes in Valenzuela City as unscrupulous traders tried to fill the gap left by dwindling supply of tax-paid sticks amid the COVID-19…
COVID-19 relief: LGUs told to extend local tax deadlines to June 25
All local government units (LGUs)—provinces, cities, municipalities and barangays—have been ordered to extend until June 25 the deadline for payment of all taxes, fees and charges that were due during…