Electronics firms still subject to supply issues despite demand
THE electronics industry reported continued disruption in their import supply chains, which is hindering their attempts to ramp up production to address pent-up demand as lockdown restrictions ease.
DA seeks $200-million World Bank loan to modernize fisheries
THE Department of Agriculture (DA) said it requested a $200-million loan from the World Bank which will support the modernization of the fisheries industry.
NEDA backs more investments in IT infrastructure, cashless processes
THE National Economic and Development Authority (NEDA) said it supports greater investments in the infrastructure supporting e-commerce and cashless transactions, which allowed many businesses and individuals to function during the lockdowns and beyond.
House panel approves e-government bill
THE House Committee on Information and Communications Technology on Monday approved House Bill 1248, which will require electronic government services and processes in all agencies and government corporations.
WFH to require data safeguards for outsourcing clients
OUTSOURCING contracts need to be rewritten to ensure client data protection under work-from-home (WFH) arrangements, IBM Philippines Government and Regulatory Affairs Executive Princess Lou M. Ascalon said.
PSA, NEDA survey farmers, fishermen on COVID-19 impact
THE Philippine Statistics Authority (PSA) has tied up with the National Economic and Development Authority (NEDA) for a survey that hopes to assess the impact of the coronavirus disease 2019 (COVID-19) outbreak on the agriculture and fisheries industries.
Energy efficiency industry, angling for slice of PESA money, touts job-creation potential
ENERGY efficiency projects have the potential to generate 45% more jobs than the government's flagship infrastructure program, assuming extensive investment from the economic stimulus package, the industry association said.
Proposed tax reform in a time of pandemic
By John Paulo D. Garcia
The government’s plan to improve our corporate tax system and to develop a more efficient and competitive tax incentives regime has been ongoing for quite some time. In February, the proposed measure, known as the Corporate Income Tax and Incentives Reform Act (CITIRA) Bill, reached the Senate. Many hopes were raised that the CITIRA Bill would soon be enacted into law.
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.