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To make up for revenue lost by blocking off the middle seat, low-cost carriers would have to hike up the price of tickets. Image: istock.com/Alan Morris via AFP Relaxnews Industry…
The Duterte economic team has slashed the Bureau of Customs’ (BOC) target collection of import duties and other taxes for 2020 to P706.9 billion in light of the COVID-19 pandemic’s…
The Philippine economy can still crawl its way to positive growth in the first quarter of 2020 but will suffer up to P1.1 trillion in revenue loss the entire year…
The Corporate Income Tax and Incentives Reform Act (Citira) can serve as stimulus for a post-pandemic economy as it would attract more investments and create jobs, Finance Secretary Carlos G.…
The Department of Finance (DOF) has ordered local treasurers to monitor the use of grants that their local government units (LGUs) had received for COVID-19 response. The DOF’s Bureau of…
Barcelona-based FocusEconomics has slashed its 2020 growth forecast for the Philippines to 1.4 percent as the COVID-19 pandemic and the local lockdown to fight the disease deeply hurt the economy.…
Metropolitan Bank & Trust Co. chalked up P6.1 billion in net income for the first quarter, down by 9.3 percent year-on-year, on higher provisions made for possible credit losses given…
MANILA, Philippines — The Philippines’ dollar reserves rose for the second month in a row despite the onset of the coronavirus crisis in March, thanks to the central bank’s foreign…
TOKYO — Asian shares advanced on Thursday, riding a wave of optimism about a possible treatment for the coronavirus that set off a rally on Wall Street powerful enough to…
Conglomerate Aboitiz Equity Ventures (AEV) posted a 42 percent drop in first quarter net profit to P2 billion mostly due to slower earnings from its flagship power business. AEV also…
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