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…
DBM orders LGUs to align bigger 2021 IRA to COVID-19 response
Internal revenue allotment (IRA) shares to be disbursed by the Department of Budget and Management (DBM) in 2021 will rise to P695.5 billion for 43,647 local government units (LGUs), which…
Big cuts in infra, education budgets to fund COVID-19 dole outs, medical response
MANILA, Philippines — As the government scrambled to respond to the health and socioeconomic crises caused by the COVID-19 pandemic, budgets for education and infrastructure have been slashed to fund…
DBM released P2.1 billion from 2020 calamity fund for COVID-19 response
MANILA, Philippines — The Department of Budget and Management (DBM) has released to three departments helping in the fight against the COVID-19 pandemic a total of P2.1 billion from funds…
Temporary tax on oil to boost by P20B PH’s response vs virus
The government is expected to raise P20 billion and boost the country’s war chest against the pandemic following President Duterte’s order to add a 10-percent duty on crude oil and…
State firms give P129B for COVID-19 response
State-run corporations have remitted P129.45 billion to the Bureau of the Treasury as of last week to help finance the government’s huge funding needs in addressing the socioeconomic impact of…
ADB lends $1.5 billion to fund PH’s P655.6-billion COVID-19 response
MANILA, Philippines — The Asian Development Bank (ADB) has given the green light to the $1.5-billion quick-disbursing loan for the Philippines, its host-country, to aid in the fight against the…
Chua: Tax reforms must proceed to fund health crisis response
MANILA, Philippines — Acting Socioeconomic Planning Secretary Karl Chua on Wednesday said the government must pursue its tax reform program or it might be forced to borrow more money to…
Training of trainers for pandemic response held
PGH, one of the COVID-19 referral government hospitalsINQUIRER FILE PHOTO Philippine Disaster Resilience Foundation (PDRF), the country’s major private sector vehicle and coordinator for disaster management, conducted a coronavirus (COVID-19)…
Support COVID-19 relief and response via Paymaya’s one-stop donation facility
MANILA, Philippines – The whole nation is coming together to put a stop to the COVID-19 pandemic, which has negatively impacted the lives of millions of Filipinos in the last…