DOF looks at digital services tax to capture unpaid VAT
Proposals to tax digital services to plug leaks in unpaid 12 percent VAT by some online businesses has caught the attention of the Department of Finance (DOF) which is now…
BSP chief on IMF emergency loan: ‘Thanks, but no thanks’
Thanks, but no thanks. This was the stance of the country’s top monetary manager to an emergency cash facility that the International Monetary Fund (IMF) made available to its member-nations…
Asian stocks up on hopes for vaccine and economies reopening
TOKYO — Asian shares rose Tuesday on optimism about a potential vaccine for the coronavirus after hopes for a U.S. economic recovery in the second half of the year sent…
Thai Airways faces privatization if it declares bankruptcy
The Nation/Asia News Network BANGKOK — It is expected that Thailand’s Cabinet will give the go-ahead to the rehabilitation of Thai Airways International (THAI) as per the Bankruptcy Court’s procedure…
EastWest Bank’s Q1 profit up 75%, loan provisioning jacked up
East West Bank vice chair and CEO Antonio Moncupa Gotianun family-led East West Bank grew its net profit in the first quarter by 75 percent year-on-year to P2.3 billion even…
GT Capital’s Q1 profit down 26% to P2.54B
Ty family-led conglomerate GT Capital Holdings saw a 26 percent year-on-year drop in first quarter net profit to P2.54 billion due to slower earnings from its automotive, banking, infrastructure and…
Reports: World economy faces tough journey back from crisis
WASHINGTON — The world economy likely faces a long slog back from the coronavirus crisis. FILE – In this March 18, 2020, file photo, people are reflected on the electronic…
25,000 more delivery riders getting free life insurance
Life insurer Manulife has offered an additional P1.25 billion worth of life insurance coverage to 25,000 more two-wheel riders from various app-based delivery platforms who continue to brave the streets…
From mecca to ghost town, Mykonos awaits tourism relief
A woman wearing a protective face mask walks in the alleys of the Greek Cycladic island of Mykonos. Image: AFP/Aris Messinis Seated on stone steps beside his Mykonos souvenir shop,…
ABS-CBN tells NTC not to recall its frequencies
MANILA, Philippines — Media giant ABS-CBN said its assigned frequencies should not be recalled by the government given recent moves by lawmakers to extend its broadcast franchise, which expired last…