Gov’t lauds top corporate taxpayers
The Department of Finance (DOF) on Monday lauded large taxpayers that settled their 2019 tax obligations despite the extended deadlines, aiding a government struggling with low collections to date. “The…
Special Congress session eyed to pass post-pandemic stimulus bills
President Rodrigo Duterte’s chief economic manager floated the possibility of Congress convening a special session if pending stimulus bills, like the proposed Corporate Recovery and Tax Incentives for Enterprises Act…
Market down as investors dump Jollibee stocks
Investors dumped shares of fast-food giant Jollibee Foods Corp., dragging down the main stock barometer on Tuesday (May 26), in anticipation of poor earnings due to the novel coronavirus disease…
LOOK: Thai mall installs foot pedals in elevators amid COVID-19
Customers use foot pedals in an elevator in Seacon Square mall in Bangkok, Thailand. Images: Twitter/@seaconsquare A mall in Bangkok, Thailand, has installed foot pedals in place of the usual…
S. Korea international air routes relaunch, but worries linger
Jin Air via The Korea Herald/Asia News Network SEOUL — South Korean air carriers suffering from the impact of COVID-19 outbreak plan to gradually relaunch their international routes from next…
ADB OKs $400-million loan to boost PH capital markets
The Asian Development Bank (ADB) on Tuesday (May 26) approved a $400-million loan to further develop the Philippines’ capital markets. In a statement, the Manila-based multilateral lender said the Support…
PH makes it easier for reinsurers to bid for insurance of public assets in disaster-prone areas
The Philippines will invite reinsurers for the re-bidding of the planned P2-billion national indemnity insurance program to insure and protect public assets in disaster-prone areas, this time with less stringent…
Consumers shopping, banking from home warned vs rash of digital payment fraud, hacking
Digital payment firms and customers using their services should be on guard against a rash of hacking attempts being perpetrated by criminal elements on electronic transaction accounts, especially with their…
COVID-19 shadow loomed large over decline of first quarter infra spending
Public infrastructure spending rose in March, but first-quarter total fell year-on-year and below target, squeezed partly by the COVID-19 lockdown that started middle of March and froze major projects, the…
Treasury raises P24B from T-bills as rates continue to fall
The Bureau of the Treasury on Monday (May 25) raised P24 billion or a fifth more than its P20-billion T-bills offering as rates continued to decline across the board. The…