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The Bureau of Internal Revenue’s (BIR) 2020 tax-collection goal has been further reduced to P1.74 trillion—lower than its actual 2019 take—amid a COVID-19-induced recession that had shut down many firms,…
The Bureau of Customs (BOC) has reduced the collection targets for the country’s 17 ports in line with the reduction in the agency’s 2020 goal amid the COVID-19-induced recession. In…
MANILA, Philippines – The Bureau of Internal Revenue’s (BIR) 2020 tax-collection target has been downscaled to P2.26 trillion in consideration of the COVID-19 pandemic’s impact on the economy. Revenue Memorandum…
With global demand and supply constrained by the COVID-19 pandemic, the government economic team has slashed the country’s external trade growth targets even as it expects domestic inflation to settle…
The air transport, accommodation, food services and retail trade sectors shrank on the back of a sharp decline in tourist arrivals. ST PHOTO: GAVIN FOO SINGAPORE – Singapore’s economy looks…
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