MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) announced a pause in monetary easing to assess the impact of the aggressive actions it implemented to mitigate economic and financial fallout from the coronavirus disease 2019 or COVID-19 pandemic. BSP Governor Benjamin Diokno said it is prudent for the Monetary Board to first evaluate if […]
Read MoreMANILA, Philippines — Lockdowns and a halt in public transport in areas under community quarantine tempered inflation for the fourth straight month this year in April, the Philippine Statistics Authority (PSA) reported on Tuesday. Inflation, as measured by consumer price index, slowed to 2.2% year-on-year in April, down further from 2.5% the prior month and […]
Read MoreMANILA, Philippines — Manufacturing slumped for the first time this year in March, a sign movement restrictions meant to contain the coronavirus has started grinding factories to a halt, beginning with smaller ones. The volume of production index, which gauges the quantity of merchandise produced by factories, declined 6.3% year-on-year in March, while value of goods […]
Read MoreMANILA, Philippines —The Securities and Exchange Commission (SEC), the corporate regulator, is giving companies more leeway in doing business amid the coronavirus disease 2019 or COVID-19 pandemic. The SEC said it would now accept articles of incorporation authenticated by incorporators in yet another move that relaxes the requirements for the registration of domestic corporations. SEC […]
Read MoreMANILA, Philippines — Companies and individuals have been given more time to file their various tax returns and make the corresponding payments as the enhanced community quarantine in the National Capital Region (NCR) and nearby provinces has been extended anew, according to the Bureau of Internal Revenue (BIR). Finance Secretary Carlos Dominguez and Internal Revenue […]
Read MoreMANILA, Philippines — The Philippines’ largest canned goods manufacturer is gaining some windfall from home-stay consumers during the community quarantine, but some retailers that sell them not so much. In a statement to Philstar.com last Friday, Century Pacific Foods Inc. said it sees some “upside to our usual 10-15% annual growth goals” in profits this year as […]
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