PSEi down 1.17% on renewed US-China tensions
The local stock barometer slipped ahead of a long weekend break as fresh US-China tensions over civil liberties in Hong Kong spooked regional markets. The main-share Philippine Stock Exchange index…
BSP-led digital transformation prepared PH economy for pandemic
The substantial progress made in the government’s “digital transformation agenda” has helped prepare the country for the ongoing coronavirus disease pandemic, including the ability to disburse cash assistance to underprivileged…
Branchless, digital bank for OFWs ready by June
With a major shift to digital transactions inevitable amid COVID-19-induced physical distancing restrictions, the government will soon launch a branchless bank catering to Filipinos abroad as well as a pilot…
7.55B liters of oil marked as gov’t moves to buttress revenues
About half a billion liters of oil products were marked tax-paid in the first half of May, allowing the government to collect a higher levy on imports and shore up…
It’s final: No more tax deadline extensions even under MECQ
It’s final: There would be no more tax deadline extensions despite the ongoing modified enhanced community quarantine (MECQ) in Metro Manila and other parts of the country, according to the…
DOE eyes stockpiling of crude oil amid low global fuel prices
MANILA, Philippines — To take advantage of low global oil prices triggered by the coronavirus pandemic, the Department of Energy (DOE) is looking to stockpile crude oil to secure the…
DOF drops proposal to suspend imposition of VAT on power use
MANILA, Philippines — The Department of Finance (DOF) has rejected a proposal to suspend the imposition of value-added tax (VAT) on power consumption as the country grapples with the COVID-19…
DOF thumbs down proposal to suspend imposition of VAT on power use
MANILA, Philippines — The Department of Finance (DOF) has rejected a proposal to suspend the imposition of value-added tax (VAT) on power consumption as the country grapples with the COVID-19…
World shares slide, spooked by China moves toward Hong Kong
A man walks past an electronic stock board showing Japan’s Nikkei 225 index at a securities firm in Tokyo Friday, May 22, 2020. Shares are slipping in Asia as tensions…
45-day ECQ cost PH economy P1.1 trillion, says Neda
The Philippine economy lost an estimated P1 trillion in the agriculture, industry and services sectors during the first 45 days of COVID-19 lockdowns, according to the state planning agency National…