Temporary tax on oil to boost by P20B PH’s response vs virus
The government is expected to raise P20 billion and boost the country’s war chest against the pandemic following President Duterte’s order to add a 10-percent duty on crude oil and…
Budget gap seen swelling to P1T
As expenditures for COVID-19 response add up while revenue collections slow down amid the pandemic, Finance Secretary Carlos Dominguez III on Wednesday said that this year’s budget deficit could balloon…
Agriculture sector shrank 1.2% in 1st quarter
Lockdowns imposed to control the spread of the coronavirus pandemic have adversely affected the country’s agricultural growth story in the first quarter of the year, casting uncertainty on the administration’s…