Economic recovery seen after Covid-19

March 20, 2020
“Initially, NEDA (National Economic and Development Authority) has the computation that the impact would be one-percentage point but now, things are different. We will have to make another computation because of the enhanced community quarantine. So it’s a different situation now,” he said.

SMC deploys food donations to LGUs, hospitals

March 20, 2020
On the first day of implementation of the enhanced community quarantine implemented by the government, SMC president and chief operating officer Ramon Ang said: “Today, we started delivering on our commitment to extend help to our local government units, as we collectively fight the spread of the virus. We will continue to do is in the next coming days."

DTI caps commodity purchases

March 20, 2020
The Department of Trade and Industry has issued a Memorandum Circular (setting a limit in buying food and non-food products to avoid hoarding and panic buying amid the enhanced community quarantine in Luzon.

6 Common Financing Options SMEs Should Know About

March 13, 2020
Comprising a total of 99.6% of all registered businesses in the country, small and medium-sized enterprises or SMEs serve as the backbone of the Philippine economy. With this number, it’s not surprising that there are a lot of financial products that cater specifically to businesses in this category.

BPO still a key driver for PH office space

March 10, 2020
In a report, Santos Knight Frank Senior Director for Occupier Services and Commercial Agency Morgan McGilvary said office space demand from BPO firms remains strong in 2020 even after the government halted processing applications for economic zones in Metro Manila.

Diokno bullish on AMLA, HSA rehash

March 04, 2020
Bangko Sentral Gov. Benjamin Diokno is confident of the approval of the proposed amendments in the Anti-Money Laundering Act to avert re-inclusion in the Financial Action Task Force’s “gray” list.

Global slump forced Honda closure

February 27, 2020
Following a meeting with Honda Cars Philippines, Inc. president and general manager Noriyuki Takakura on February 24, Trade and Industry Sec. Ramon Lopez confirmed that the closure of the Honda car production facility in the countrywas mainly triggered by the global slowdown caused by the US-China trade war, followed by the current Covid-19 issue.

Senate tax panel lauded for reformist bent

February 26, 2020
The Department of Finance has thanked the Senate ways and means committee led by its chairperson Sen. Pia Cayetano for keeping the proposed menu of superior tax incentives performance-based, targeted, time-bound, and transparent in the Senate version of the Corporate Income Tax and Incentives Reform Act.