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Imports slid by more than a tenth in February as shipments from China—the Philippines’ top source of foreign-made goods—contracted at the onset of the COVID-19 pandemic. Preliminary figures released by…
Donations in cash and in kind in response to the COVID-19 pandemic are exempt from donor’s tax and can be deducted from the taxable gross income of companies and individuals.…
The Duterte administration’s chief economic manager on Wednesday said the extension of the enhanced community quarantine in Luzon would result in “zero to possibly negative 0.8-percent” growth in 2020.“Definitely businesses…
The National Electrification Administration (NEA) is backing an appeal by electric cooperatives for an indefinite extension—indefinitely or until their business operations return to normal—of the deadline for them to pay…
The recent coronavirus outbreak has brought uncertainty not just over general public health, but also to the global economy at large. While scientists are racing to find a cure against…
Professionals who work for health maintenance organizations (HMO) and insurers providing health products can help in the frontlines against the COVID-19 pandemic and are exempted from the movement restrictions imposed…
Jaime Augusto Zobel de Ayala Business tycoon Jaime Augusto Zobel de Ayala, chair and chief executive officer of the country’s oldest business house Ayala Corp., expressed full support to the…
The Department of Finance (DOF) sees inflation further easing in the near term but only if supply chains remained undisrupted by local lockdowns against COVID-19. In an economic bulletin on…
MANILA, Philippines — Donations in response to the COVID-19 pandemic will not only be exempt from donor’s tax but also deducted from companies and individuals’ gross income subjected to tax.…
A worker wearing protective gear disinfects a traditional market in Indonesia on March 25, 2020. PHOTO: AFP BANGKOK – The coronavirus pandemic is expected to wipe out labor equivalent to…
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