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The GDP decline was due to the circuit breaker measures as well as weak external demand amid a global economic downturn caused by the pandemic. The Straits Times/Asia News Network…
BSP Governor Benjamin Diokno. INQUIRER file photo / EARVIN PERIAS MANILA, Philippines — The central bank on Tuesday ordered the release of more liquidity into the local economy, this time…
MANILA, Philippines — Treasury bill rates fell below 2 percent on Monday following the Bangko Sentral ng Pilipinas’ (BSP) surprise and hefty interest rate cut last week that sent a…
Yonhap via The Korea Herald/Asia News Network SEJONG — South Korea’s finance ministry said Monday it will extend a temporary cut in consumption tax on passenger cars by another six…
The central bank on Thursday (June 25) cut its key interest rates to their lowest levels in history in a bid to buttress the Philippine economy that has been battered…
The cuts of up to 180 people across all parts of its business affect 26 per cent of Jetstar Asia’s workforce. PHOTO: JETSTAR ASIA via The Straits Times SINGAPORE —…
The Department of Budget and Management (DBM) last month made additional cuts in this year’s budgets for infrastructure and national defense as it reallocated more funds for the government’s new…
(Yonhap) via The Korea Herald SEOUL — South Korea will expand the reduction of rental fees for airport duty-free shops and other commercial facilities hit hard by the new coronavirus…
FILE – In this file photo dated Wednesday, April 23, 2008, an EasyJet jetliner lands at the Milan Linate airport, Italy. European budget airline eastJet said Thursday May 28, 2020,…
The Philippines’ corporate income tax rate—Asean’s (Association of Southeast Asian Nations) highest at 30 percent—can slide to 25 percent during a one-time, big-time reduction planned in July if Congress will…
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