VICE-PRESIDENT Maria Leonor G. Robredo expressed her support for the P1.3-trillion stimulus package, saying that such intervention is needed to help hard-hit sectors recover from the pandemic and ensuing economic crisis.

A MEASURE creating an Electronic Commerce Bureau to regulate online transactions between businesses has hurdled the House Committee on Trade and Industry.

THE government has marked 10.066 billion liters of oil as of July 18 under a fuel marking program designed to deter smuggling, the Department of Finance said.

According to Greek philosopher Heraclitus, “The only constant in life is change.” In Japanese, business people believe that constant, increasing improvement adds to substantial change over time. “Kaizen” is a Japanese productivity philosophy that means continuing development in personal, family, social, and professional life. The word “kaizen” comes from the two words: “kai,” which means “change,” and “zen,” which means “for the better.”

THE recovery in the tourism industry will be gradual and will depend on how well governments arrest the spread of infection, though the industry is expected to report significant losses over the full year, according to the International Institute of Finance (IIF).

THE Department of Trade and Industry’s export promotion arm is cancelling the 71^st Manila FAME trade show as it shifts to digital promotion activities.

LOAN DISBURSEMENTS by rural banks to essential sectors such as health and agriculture rose during the pandemic, the industry association said.

THE Asia and Pacific region should set more aggressive targets for universal electricity access over the next decade, an energy sector expert from the Asian Development Bank (ADB) said.

In last week’s article, we discussed the challenges of assessing an entity’s status as a going concern, accounting for financial instruments, impairment of non-financial assets and revenue recognition. This week’s article will provide brief discussions on inventory costing and valuation, addressing onerous contracts and assessing whether events surrounding the pandemic and the resulting developments are adjusting or non-adjusting events.

THE EUROPEAN UNION (EU) will be "reorienting" grants worth up to €15 million (around $17.08 million or P844 billion) for the Philippines' fight against...

COUNTERFEITING and piracy reports at the country's intellectual property office spiked in the first half after a significant jump in reports during the lockdown. Intellectual...

THE DEPARTMENT of Energy (DoE) deferred to end-August the deadline for the submission of the 2020-2029 distribution development plans (DDP) of all power utilities...