BIR sets floor price for tobacco, vapor products
THE BUREAU of Internal Revenue (BIR) issued guidelines on how to determine the floor price for cigarettes, as well as heated and vapor tobacco products.
Coronavirus surge in Asia has traders seeking more data for investments
EQUITY INVESTORS in Asia are actively screening hospitalization rates and watching predictions on virus peaks, as several countries in the region struggle with a fresh jump in cases.
PHL slashes GDP growth outlook amid virus fight
THE GOVERNMENT slashed its growth target for this year and the next, as the renewed spike in coronavirus disease 2019 (COVID-19) cases and strict lockdown curbs hobble the economy’s recovery.
Maynilad, MWSS ink revised water concession agreement
MAYNILAD WATER Services, Inc. has signed a new concession agreement with the Metropolitan Waterworks and Sewerage System (MWSS), which no longer includes “onerous provisions,” Justice Secretary Menardo I. Guevarra said on Tuesday.
Filipinos seen to buy more meat, cut back on rice consumption
FILIPINOS are likely to spend over a third of their household budget on food by 2025, as they buy more meat and poultry products while cutting back on rice consumption, according to Fitch Solutions Country Risk & Industry Research.
Imported car sales soar year on year in April
IMPORTED car sales surged in April after coming off an extremely low base during the strict lockdown in the same month last year, the industry association said.
Securities sector faces ‘medium’ risk for money laundering, says SEC
THE Securities and Exchange Commission (SEC) found that the securities sector faced a “medium” risk for money laundering (ML) and terrorist financing (TF), after conducting an overall risk assessment.
Remittances up for 2nd straight month
CASH REMITTANCES from overseas Filipino workers (OFWs) rose by 4.9% in March as many host countries start to further ease pandemic-related restrictions as coronavirus disease 2019 (COVID-19) infections drop.
Government urged to reassess strategy of fiscal prudence
THE GOVERNMENT should reconsider its strategy of fiscal prudence and put less importance on the rising debt level, while ramping up spending for its pandemic response and to spur economic recovery, analysts said.
Export industry seeks more gov’t support for promotion
THE EXPORT INDUSTRY is asking for more funding for government promotion and product development initiatives to back the sector’s recovery from the coronavirus pandemic.
PEZA plans restructuring to expand regional presence
THE PHILIPPINE Economic Zone Authority (PEZA) will be restructured to create more regional presence, its top official said.
Debt service bill surges in March
THE NATIONAL GOVERNMENT’S total debt service bill increased more than fivefold from a year ago to P268.41 billion in March as principal payments surged, data from the Bureau of the Treasury (BTr) showed.