MANILA, Philippines — The Philippine economy is expected to “barely grow at all in 2020 as a whole,” but is expected to rebound strongly in 2021 to register a growth rate of 8.5 percent, said London-based Capital Economics. In a research brief issued over the weekend titled “Currencies under pressure, virus apreads in S E Asia,” […]
Read MoreMANILA, Philippines — As expected, the Bangko Sentral ng Pilipinas (BSP) yesterday delivered a deeper interest rate cut of 50 basis points to soften the impact of the coronavirus disease 2019 or COVID-19 outbreak on the economy. BSP Governor Benjamin Diokno said the Monetary Board decided to implement a larger-than-expected cut in its benchmark interest […]
Read MoreMANILA, Philippines — The country’s meat processors have assured the public that supply of canned meat products will be enough for the next two months. The Philippine Association of Meat Processors Inc. said there is an adequate supply of canned meat products, but advised consumers against panic buying and hoarding. PAMPI vice president Jerome Ong […]
Read MoreMANILA, Philippines — The Department of Information and Communications Technology (DICT) is urging the public to remain vigilant as cybercriminals could use the coronavirus disease 2019 or COVID-19 as a cover to gain access to personal or financial data. The DICT said that as the country grapples with the COVID-19 pandemic, cybercriminals may take advantage […]
Read MoreMANILA, Philippines — Filing of tax returns has been moved to May 15 from April 15, as relief for tax payers who were unable to prepare for filing amid the lockdown in Luzon, the Department of Finance said. In a statement Thursday, DOF said the Bureau of Internal Revenue “has extended the deadline for the […]
Read MoreDeferred tax payments, salary recomputation MANILA, Philippines — Amid a Luzon-wide work stoppage and supply disruptions, the country’s largest business group is urging government to grant relief measures to industries and enterprises. The relief package would include allowing delayed tax payments without penalties and reconsidering the computation of salaries for the upcoming April 9 holiday […]
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