Sept. budget gap widens to P181B
By Jenina P. Ibañez, Reporter
THE National Government’s deficit widened in September as spending outpaced a smaller increase in revenue collection, the Bureau of the...
Groups warn of lost opportunities amid COVID-19
PHILIPPINE business groups on Thursday urged the government to further ease lockdowns to fast-track economic recovery amid a coronavirus pandemic.
Government must prioritize telco, energy investments
THE GOVERNMENT should prioritize investments in telecommunications and energy to boost economic growth, the International Monetary Fund (IMF) said.
“The priority really is to invest...
BMI flags corporate tax reform risk
INVESTMENTS could slow amid uncertainty over planned corporate tax changes, BMI Research said in a March 13 note, noting that the second tax reform...
Gov’t asked to tweak WFH rules for BPOs
THE PHILIPPINE Economic Zone Authority (PEZA) on Monday said it has asked the Finance and Trade departments to allow information technology-business process outsourcing (IT-BPO) companies to implement work-from-home (WFH) operations that are equivalent up to 90% of their total revenues.
BIR, BoC tasked to collect P3.44 trillion in 2023
THE COUNTRY’S main revenue agencies are tasked to collect P3.436 trillion in taxes and duties in 2023 to help finance the record P5.268-trillion national budget and reduce the fiscal deficit.
DBM releases P2.8 trillion to agencies, LGUs
THE Department of Budget and Management (DBM) has released P2.8 trillion to government agencies and local government units (LGUs) in the first month of the year, data released on Wednesday showed.
Marcos renews push for more taxes
PHILIPPINE President Ferdinand R. Marcos, Jr. on Monday highlighted economic recovery from the pandemic in his second State of the Nation Address (SONA) and urged Congress to prioritize the passage of “essential” new tax measures.
Q1 GDP growth slowest in 2 years
THE PHILIPPINE ECONOMY grew by 6.4% in the first quarter, the slowest in two years as elevated inflation and rising interest rates dampened consumer spending, the statistics agency said on Thursday.
Dennis Uy to deliver keynote speech at BW Economic Forum
THE TWIN FORCES of innovation and disruption are sweeping the country’s current business landscape, and industry leaders must be quick to adapt or be...
Senate to ratify RCEP within Q1, says Zubiri
THE SENATE is working to ratify the Regional Comprehensive Economic Partnership (RCEP) trade agreement within the first quarter, Senate President Juan Miguel F. Zubiri...
China-funded projects may face scrutiny after Duterte leaves
THE PHILIPPINES under a new government would probably cancel several China-funded projects after several African countries revoked similar contracts with shady state Chinese companies, according to political analysts.