Exporters must register with EU-REX for GSP+

April 21, 2020
The Department of Trade and Industry-Export Marketing Bureau has urged all Philippine exporters to the European Union to register to the EU Registered Exporter System before the  June 30, 2020 deadline to avail themselves of preferential tariffs under the EU’s Generalised System of Preferences Plus.

Universal Robina nets P10.1B

April 20, 2020
Universal Robina Corp. booked a seven-percent increase in net income to P10.1 billion last year, driven by the growth in operating income offset by finance cost, other expenses, and adverse foreign exchange impacts.

DA ramps up food security programs

April 20, 2020
"The objective of the ('Plant, Plant, Plant') program is to boost the food sufficiency level of the agriculture commodities starting from rice, corn, fisheries, vegetable and many other commodities that are essential in the country's food security," Dar said.

Ditch donation tax!

April 20, 2020
And so we are inclined to fully agree with and strongly support a lady lawmaker in calling for the scrapping the donor's tax and making the value of donations deductible from income tax to  boost the country's efforts to save frontliners and more lives during calamities.

Latest BSP aid to MSMEs akin to RRR cut

April 20, 2020
In a report Friday, April 17, ING Bank Manila senior economist Nicholas Mapa said allowing MSME lending as RR compliance “could effectively release P360 billion for fresh lending and then some as any further loans to this sector could eat into the P1.2 trillion set aside in the BSP’s virtual vaults.”

Rice price crisis warning aired

April 20, 2020
A congressman has warned of a possible rice price crisis in weeks to come as drought continues to pummel staple grains sources like Thailand and Vietnam, aggravating the impact of the 2019 coronavirus disease pandemic in rice importing countries like the Philippines.

Startup introduces 'Drive Groceries'

April 19, 2020
Can't go out to buy groceries, or would you rather practice social distancing? Business incubator, Drive, recently introduced "Drive Groceries", to help Metro Manila residents particularly at this time of the enhanced community quarantine due to the coronavirus disease 2019.

Borrowings to address revenue constraints

April 19, 2020
When the government declared the community quarantine in Metro Manila for the period from March 15 to April 12, 2020, which was later expanded to an enhanced community quarantine  in Luzon and extended until April 30, the deadline for the filing and payments of income tax return was also extended from April 15 to May 15 and then to May 30.

Gov’t asset sale to cover Covid costs nixed

April 19, 2020
Last February, Fitch Ratings changed its rating outlook on the country’s “BBB” rating from stable to positive due to “sound macroeconomic policy framework that will support high growth rates with moderate inflation, progress on fiscal reforms that should keep government debt within manageable levels and continued resilience in its external finances”.

Firms with below 5 incorporators can now register

April 19, 2020
In a notice dated April 8, the Commission announced it has set up an interim online registration system to facilitate applications for the registration of OPCs and corporations with two to four incorporators while the enhanced community quarantine remains in force in Luzon and other parts of the country.