Stimulus proposals to boost economy

May 26, 2020
“So the sooner those measures are passed, the better. So BSP, on the record, is supporting the FIST (Financial Institutions Strategic Transfer) law, the PESA (Philippine Economic Stimulus Act of 2020), and other stimulus (package proposals),” Diokno said.

Customized BIZ tax, non-tax perks to lure right investors

May 25, 2020
Finance Sec. Carlos Dominguez III is pushing a more proactive, targeted investment promotion strategy of directly approaching the kind of foreign investors that the government wants to relocate here and offering them a set of tax and non-tax incentives tailor-fit to their needs, as part of the efforts to reenergize the economy and create more jobs under a post-quarantine environment.

PH to benefit from US-China trade tension

May 25, 2020
He said this situation explains why the country is among the least affected economy to the ongoing trade tension between the world’s largest economies and “supports IMF’s (International Monetary Fund) view that the country’s low participation in global trade as well as in global value chains relative-to-peers seems to explain why the Philippines has not been negatively impacted by the US-China trade war”.

Supply-chain ICT tool  vs. Covid-19 response snags

May 25, 2020
The National Economic and Development Authority-Regional Development Group has launched information and communication technology  tools that wouold be useful in troubleshooting problems in the supply chain for goods and production inputs and in planning supply chain-related interventions during the 2019 coronavirus disease  pandemic, and potentially post-pandemic period.

PH pushed as mfg. alternative to China

May 24, 2020
Bagong Henerasyon Party-list Rep. Bernadette Herrera said the government should seize the opportunity to become an alternative investment destination as foreign companies seek to reduce reliance on China as a manufacturing base following the Covid-19 outbreak and the concomitant supply disruption.

DTI reviving ‘buy local’ drive   

May 24, 2020
“We will revive the ‘buy local’ campaign to stimulate buying Filipino products. It’s a big help to Filipino entrepreneurs,” he said, noting that the procurement office of the Department of Budget and Management prioritizes buying supplies for Covid-19-related products from local sources.

Pandemic ups interest in insurance  

May 24, 2020
In a virtual briefing, AIA Philam Life chief executive officer Kelvin Ang said the outcome caused by the coronavirus disease 2019 increased people’s awareness for protection, and he sees this to continue, pending the discovery and production of vaccine against the disease.