Early reopening could worsen PHL economy — Nomura
THE Philippine economy could be at risk from reopening too early while infection levels rise, according to Nomura Global Market Research.
Renewables board studying changes in power contracting rules
THE National Renewable Energy Board (NREB) is considering adjusting the minimum level of electricity contracted from renewable energy developers to improve the Philippines’ chances of hitting a target of 35% of power from renewables over the next decade.
Transfer pricing: related party transactions now made known
By Renato R. Balisacan, Jr.
Humanity has a natural desire to know about its ancestry and to keep the family name alive. Over and above the inclination of man to keep records of births and relationships, genealogy has been critical to chronology, particularly in the early years of human history.
Lack of financial literacy hindering people in dealing with pandemic, Diokno says
MANY FILIPINOS are suffering from “apparent financial insecurity” stemming from the lack of financial literacy, which is hampering their ability to cope during a “once-in-a-lifetime pandemic,” Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said.
Senate bill seeking COVID-19 funding from privatization of gov’t assets
A MEASURE expediting the privatization of government assets to raise funds for the coronavirus crisis has been filed in the Senate.
Rural utilities told to review compliance with billing rules
RURAL POWER utilities were ordered to review their compliance with regulations governing billing during the lockdown, the industry association said.
ILO upgrades estimate of jobs lost during 2nd qtr
THE International Labor Organization (ILO) said it revised upwards its estimate of work hours lost during the second quarter due to the pandemic to the equivalent of 400 million jobs lost from 305 million, adding that recovery prospects for the second half are clouded.
COVID-19 and its accounting implications
By Ma. Emilita L. Villanueva
The COVID-19 pandemic has resulted in challenges and difficulties previously unknown to economies and businesses worldwide. Travel bans, quarantines and lockdowns have become standard measures implemented by governments. Most businesses, regardless of industry, are losing revenue, experiencing disrupted supply chains and even possibly facing permanent closure. Economies are severely impacted with recession looming large on the horizon.
NEDA pushing for ‘lowest-possible-price’ Internet service
Economic managers have set their sights on lowering the cost of Internet access in the post-pandemic economy while also seeking to minimize online fraud...
Infrastructure program to create 1-M jobs once construction regains momentum
Acting Socio-economic Planning Secretary Karl Kendrick T. Chua said the flagship "Build, Build, Build" program has the potential to create around one million jobs...
ERC orders another refund of excess WESM fees
The Energy Regulatory Commission (ERC) has ordered another refund of excees fees collected at the Wholesale Electricity Spot Market (WESM) in 2016 and 2017.
The...
Nine additional merchants join Agri dep’t online platform
NINE additional merchants joined the Department of Agriculture’s (DA) online selling platform, which the department touted as a milestone in modernizing the supply chain...