Economy / Banking

DOLE, employers reminded to get workers’ consent on any wage adjustment

Robie de Guzman   •   May 27, 2020

MANILA, Philippines – A lawmaker on Wednesday called on the Department of Labor and Employment (DOLE) to keep a close watch on employers who have implemented salary adjustment and resorted...

DOF eyes tailor-fit tax, non-tax incentives to lure investors under ‘new normal’

Robie de Guzman   •   May 25, 2020

MANILA, Philippines – Department of Finance (DOF) Secretary Carlos Dominguez III is proposing a “more proactive” and “targeted” investment promotion strategy to attract the kind of foreign investors that the...

DTI, may paalala sa online sellers at shoppers sa gitna ng community quarantine

Robie de Guzman   •   May 22, 2020

MANILA, Philippines – Marami ang nahihikayat ngayong mag-online selling at shopping dahil hindi lahat ng tao ay maaaring lumabas ng bahay at suspindido pa rin ang pampublikong transportasyon sa gitna...

DOF eyes launching Overseas Filipino Bank, E-invoicing project in Q3

Robie de Guzman   •   May 22, 2020

MANILA, Philippines – Even with the ongoing public health crisis, the Department of Finance (DOF) said it is looking to roll out this year two digital-based programs that are aimed...

Revilla proposes tax on video streaming, digital services amid health crisis

Robie de Guzman   •   May 20, 2020

MANILA, Philippines – Senator Ramon “Bong” Revilla said he has filed a bill seeking to impose taxes on digital content and services to boost the country’s national economic recovery plan...

SB Corp. starts accepting COVID-19 loan applications from small firms in GCQ areas

Robie de Guzman   •   May 19, 2020

MANILA, Philippines – Small Business Corporation (SB Corp.) has started accepting loan applications from micro and small enterprises in areas that have transitioned to general community quarantine (GCQ) , the...

Senate probe into PAGCOR’s alleged lobby for POGO’s quarantine exception sought

Robie de Guzman   •   May 8, 2020

MANILA, Philippines – Opposition Senators Francis Pangilinan and Risa Hontiveros are calling on their fellow lawmakers to conduct an inquiry in aid of legislation into the alleged lobbying of the...

LGUs buy over P1.58-B worth of farm and fishery products amid ECQ — DA

Robie de Guzman   •   May 8, 2020

MANILA, Philippines — The Department of Agriculture (DA) has reported that local government units have bought more than P1.58 billion worth of farmers’ and fisherfolks’ produce since the enhanced community...

Trump says coronavirus task force will wind down as focus shifts to reopening

UNTV News   •   May 6, 2020

U.S. President Donald Trump said on Tuesday (May 5) the White House coronavirus task force would wind down as the country moves into a second phase of dealing with the...

Deadlines for tax amnesty, ITR extended anew – DOF

Robie de Guzman   •   May 5, 2020

MANILA, Philippines – The Department of Finance (DOF) on Tuesday announced that the deadlines for tax amnesty and the filing of income tax returns (ITR) have been pushed back anew...

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