Peso may climb further
THE PESO may strengthen further versus the dollar this week ahead of the release of data on manufacturing, inflation and unemployment.
Coronavirus infections nearing 430,000 — DoH
THE DEPARTMENT of Health (DoH) reported 2,076 coronavirus infections on Sunday, bringing the total to 429,864.
House leader backs declaration of climate emergency
THE DECLARATION of a climate emergency in the Philippines would encourage swift action to combat climate change and ease its impacts, the Speaker of the House of Representatives said on Sunday.
CREATE’s lower corporate tax rate to be applied retroactively
THE PROPOSED 25% corporate income tax (CIT) will be applied retroactively to July 1, 2020 if the Corporate Recovery and Tax Incentives for Enterprises (CREATE) legislation is signed, Finance Secretary Carlos G. Dominguez III said.
Philguarantee could cover loans of up to P300M next year
PHILIPPINE GUARANTEE Corp. (Philguarantee) said it could cover loans of up to P300 million starting next year, with small-, medium-sized and large organizations eligible to apply.
Assistance to shipping industry to take form of subsidized port fees
THE Philippine Ports Authority (PPA) said the shipping industry will receive assistance from the government’s second stimulus package in the form of subsidized port fees.
Labor dep’t employment listings to highlight ‘green’ jobs
ENVIRONMENTAL PRESERVATION jobs have been included in the Department of Labor and Employment’s career information system targeted for launch online early next year, a Labor official said Saturday.
Peso up on ‘hot money’ data
THE PESO strengthened slightly versus the dollar on Thursday following the release of data showing net hot money inflows in October.
PSEi sinks below 7,000 mark as market corrects
LOCAL SHARES closed lower on Thursday, ending below the 7,000 mark, as investors continued to pocket gains and as global markets weakened overnight.
Senate approves P4.5-T budget for next year
THE SENATE on Thursday passed on final reading the P4.5-trillion national budget for next year, which lawmakers said would boost government response to the coronavirus pandemic.
Sanofi eyes 1.4B doses of coronavirus vaccines
SANOFI PASTEUR is seeking to produce as many as 1.4 billion doses of coronavirus vaccines by the end of next year as part of a plan to boost its manufacturing capacity to meet global demand, a company official said.
Ex-President Arroyo named Duterte adviser
President Rodrigo R. Duterte has appointed former President Gloria Macapagal-Arroyo as his adviser for projects at the Clark Freeport and Special Economic Zone in Pampanga province.