Buffets banned when restaurants resume dine-in service
THE Department of Trade and Industry (DTI) said restaurants resuming dine-in service may not offer buffets and must put up table partitions and mark floors to ensure proper social distancing.
PHL’s COVID-19 fiscal package among region’s smallest — Nomura
THE Philippines is offering one of the smallest fiscal packages in Asia in response to the economic impact of the pandemic, Nomura Global Research said in a note Friday.
DTI offers up to P15,000 in seed capital for Balik Probinsya
THE trade department said it will offer livelihood kits with seed capital of between P5,000 and P15,000 for participants in the Balik Probinsya program, to help them start businesses after leaving the cities.
Demand from retail electricity users declines during lockdown
POWER consumption of retail customers at the Wholesale Electricity Spot Market (WESM) fell drastically as their businesses were shut during the quarantine period.
Transforming IA during the pandemic
By Christiane Joymiel Say-Mendoza, Pia Isabella Pagdanganan, and Meleusipo C. Fonollera
The COVID-19 pandemic caught the world off guard, adversely affecting peoples’ lives and businesses on an unprecedented scale. According to the EY Global Risk Survey in 2020, four out of five of companies’ board members and CEOs across the globe said their businesses were not well-prepared to face the pandemic crisis head on.
May inflation likely settled at 1.9% to 2.7%: BSP
INFLATION in May likely fell within 1.9% to 2.7%, with upside risks mainly coming from the increase in food prices, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Friday.
IBPAP seeks transition period for CREATE incentives system
THE OUTSOURCING industry is requesting the government for a longer transition time before changing the current incentives system, while supporting the move to cut corporate income tax to 25% from 30% in July.
Unused tax credit certificates to be converted to cash after a year
TAX CREDIT certificates (TCCs) that remain unused for more than one year will be converted into cash, the Bureau of Internal Revenue (BIR).
PNR sees 80% decline in monthly revenues on transport restrictions
THE Philippine National Railways (PNR) is expecting an 80% decline in monthly revenues due to government restrictions as the country gradually eases lockdown measures.
RCEF seed deliveries reach one million bags
INBRED RICE seed delivery under the Rice Competitiveness Enhancement Fund (RCEF) has reached more than one million bags, the Philippine Rice Research Institute (PhilRice) said on Friday.
Bailouts tied to firms’ ability to raise bank financing
THE government said a proposed equity infusion program for large companies will match whatever amount an individual firm can raise from banks, while program participants cannot declare dividends, must freeze executive pay, and defer spending on non-essentials.
House panel approves P1.5 trillion stimulus substitute bill
THE House of Representatives’ Defeat COVID-19 Committee on Thursday approved a substitute measure to House Bill 6709 which calls for a P1.5-trillion spending program over three years to address slowing economic growth and create jobs.