BIR registers more than 3,000 online sellers
AROUND 3,254 online sellers have registered with the Bureau of Internal Revenue (BIR) by the end of July, with the enrolment deadline extended by a month.
PHL remittance-decline forecast revised to 15% from 10% — IIF
THE forecast decline in 2020 Philippine remittances has been revised to 15% from 10% as overseas workers lose their jobs or see their wages reduced, the Institute of International Finance (IIF) said.
PAGCOR swings to net loss in half as lockdown hits gaming revenue
THE Philippine Amusement and Gaming Corp. (PAGCOR) said it booked a net loss in the first half after a sharp decline in its gaming revenue with casinos forced to close due to the lockdown.
Renewables industry touts ‘untapped’ potential, superior safety vs nuclear
THE renewables industry said its potential for providing energy is “untapped” while its safety record is superior to that of nuclear energy, which the government is considering adding to the power generation mix.
Sept. deadline set for reporting all related-party transactions
THE Bureau of Internal Revenue (BIR) has set the end of September as the deadline for taxpayers to report and submit documentation on related-party transactions (RPTs) of any size, with no reporting threshold determined yet.
Momentum building for 3rd round of social amelioration payouts
A THIRD ROUND of emergency subsidies for vulnerable households is needed because of the number of families who received no aid earlier, as well as the swelling in the jobless numbers since the completion of the first two rounds, a senior legislator said.
Gov’t ‘studying’ rescue options after meeting with airline industry
THE GOVERNMENT has met with airlines and is “studying various alternatives” for reviving the industry, Finance Secretary Carlos G. Dominguez III said.
Palace orders property tax relief for some IPPs
PRESIDENT Rodrigo R. Duterte ordered the reduction of real property taxes charged against independent power producers (IPP) which participated in partnerships with the government in 2019.
North Luzon, Mindanao businesses retain optimistic outlook — PCCI
BUSINESSES in Mindanao and North Luzon are optimistic about recovery due to continued operations in the agriculture, outsourcing, and mining industries in their areas, the Philippine Chamber of Commerce and Industry (PCCI) said.
German chamber seeks more details on recovery plan
THE German-Philippine Chamber of Commerce and Industry (GPCCI) urged the government to release a detailed recovery plan and improve infrastructure to help businesses re-emerge from lockdown disruptions.
Duterte signs EO authorizing nuclear energy study
PRESIDENT Rodrigo R. Duterte signed an executive order (EO) authorizing a feasibility study to evaluate the introduction of nuclear energy into the energy mix.
DoE to expedite national renewables plan update
THE Department of Energy (DoE) said it is working to complete the “long-overdue” update to the national renewable energy plan (NREP).