MANILA, Philippines — The Department of Finance (DOF) is studying “very carefully” Albay Rep. Joey Salceda’s proposal to tax the digital economy, a measure seen more crucial now with more Filipinos seen shifting toward online transactions due to the coronavirus disease 2019 or COVID-19 pandemic. According to Finance Secretary Carlos Dominguez, the DOF is looking into […]
Read MoreMANILA, Philippines — A lawmaker is calling on the government to ensure food security and stable food prices amid the risk of a worldwide food price spike due to the coronavirus pandemic. Sen. Francis Pangilinan said the government should properly anticipate global trade and price movements and ensure that there would be no food-price spikes […]
Read MoreMANILA, Philippines — Dutch financial giant ING sees the peso breaching the 52 to $1 level this year with the 6.9 percent drop in remittances from overseas Filipino workers (OFWs) due to the coronavirus disease 2019 or COVID-19 pandemic. Nicholas Mapa, senior economist at ING Bank Manila, said in the bank’s latest global markets research […]
Read MoreMANILA, Philippines — The Department of Trade and Industry (DTI) has included activities in response to the coronavirus disease 2019 or COVID-19 pandemic and supporting the Balik Probinsya program in the proposed Investment Priorities Plan (IPP) 2020 submitted to Malacañang. When approved, the IPP will serve as a transition framework for the grant of incentives […]
Read MoreMANILA, Philippines — The deadline on paying income taxes, and other levies, will no longer be extended even if the government ultimately decides later to further lengthen lockdowns meant to control the spread of coronavirus disease-2019, the Bureau of Internal Revenue (BIR) said. Under Revenue Regulations (RR) 12-2020, the tax agency voided a provision on […]
Read MoreMANILA, Philippines — Consumer prices for the country’s poorest households continued to rise in April as families outside Metro Manila felt the pinch, the Philippine Statistics Authority (PSA) said yesterday. The consumer price index for the bottom 30 percent income households accelerated to 2.9 percent in April from 2.4 percent in March, bringing the year-to-date […]
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