Ilonggos help rescue Guimaras mangoes
The popular sweet mangoes of Guimaras Island are always in demand. ILOILO CITY—The mango industry of Guimaras has been helped by increased demand in Iloilo despite continued quarantine measures. Ronnie…
New tax reform bill offers more ‘flexible incentives,’ says Salceda
MANILA, Philippines — There will be more flexible incentives in the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) bill, which was previously called as the Corporate Income Tax…
‘New normal’: Businesses seen shifting to digital as gov’t scour ways to tax them
MANILA, Philippines — How would the “new normal” amid the COVID-19 pandemic look like as far as the economy is concerned? For the fiscal sector, it would mean the government…
BPI stretches out loan payment programs
BPI logo Ayala-led Bank of the Philippine Islands has extended its deferred payment programs for consumer and business loans to align with the “Bayanihan We Heal as One” Act and…
Lucio Tan donates Batangas COVID-19 lab
LTG president Michael Tan and Philippine Red Cross chair Richard Gordon The group of tycoon Lucio Tan is donating a bio-molecular laboratory to the Philippine Red Cross with its own…
DBM orders agencies to align P4.335-T 2021 cash budget to COVID-19 ‘new normal’
MANILA, Philippines — The Department of Budget and Management (DBM) has ordered agencies to align programs and projects under the proposed P4.335-trillion cash budget for 2021 to the “new normal”…
BIR allows paying taxes in banks outside RDO amid MECQ
MANILA, Philippines — Amid a modified enhanced community quarantine (MECQ) which still restricted movement of people, the Bureau of Internal Revenue (BIR) is allowing taxpayers to settle their dues outside…
GSIS loan assistance breaches P10-B mark amid COVID-19 pandemic
MANILA, Philippines — Amid the coronavirus disease (COVID-19) pandemic, the total loan assistance extended by the state-run pension fund Government Service Insurance System (GSIS) to its members and pensioners breached…
Mitsubishi Aircraft closing overseas locations, cutting jobs
SEATTLE — Mitsubishi Heavy Industries is cutting hundreds of jobs in Washington state and shuttering its U.S. operations for the troubled SpaceJet project, the company said Friday. “Due to the…
Rural dev’t, COVID response efforts eyed for tax breaks
The Board of Investments (BOI) wants to give tax breaks to projects that will help in the COVID-19 response effort such as mass-production of face masks, but the proposal still…