PH, Japan exchange notes on loan assistance package for PH COVID-19 response
July 1, 2020
Foreign Affairs Secretary Teodoro L. Locsin, Jr. and Japanese Ambassador Haneda Koji exchanged diplomatic notes in simple rites today at the Department of Foreign Affairs, on the JPY 50-billion loan assistance package extended by the Japanese government to support the
Economic team eyeing subsidy for public transport, says Palace
June 30, 2020
The government’s economic team is planning to provide subsidy for drivers of public transport after their livelihood is affected by reduced number of passengers that their vehicles could carry, Malacañang said on Tuesday. In a virtual press briefing, Presidential Spokesperson
PSE index rebounds after Monday’s decline
June 30, 2020
The Philippine Stock Exchange ( PSE) closed higher on Tuesday after losing ground on Monday. The PSE index ended at 6,207.72 points, up 102.54. In the broader market, there were 118 gainers, 70 losers and 54 unchanged. Volume reached 857.27
E-filers comprise 58 percent of total tax filers in 2019
June 30, 2020
The number of taxpayers who filed their taxes online have more than doubled over the 2015-2019 period, reflecting a major breakthrough in the Bureau of Internal Revenue (BIR)’s continuous efforts to make tax compliance more convenient and accessible for all.
PSE index cuts loses
June 29, 2020
The Philippine Stock Exchange (PSE) index cut its early losses but ended lower on Monday. Down by as much as 149.59 points, the PSE index closed at 6,105.18, down 86.68. In the broader market, there were 142 losers, 63 gainers
France commits €250 million for 2 projects on infra development, financial inclusion in PHL
June 29, 2020
The Department of Finance (DOF) and the Agence Française de Développement (AFD) have signed two credit facility agreements worth €250 million (approximately ₱14 billion) combined to support two major policy reforms of the Philippine government that aim to expand financial services to vulnerable sectors
DOF extends anew deadlines for filing VAT refund claims
June 28, 2020
The Department of Finance (DOF) has issued Revenue Regulations (RR) No. 16-2020 dated June 24, 2020, extending anew deadlines for filing of claims for value added tax (VAT) refund. It extended the deadline once more because of the preconceived difficulty
Japanese face mask company Yokoisada to expand in the Philippines
June 26, 2020
Japanese company Yokoisada (Phils.) Corporation recently announced plans to expand their Philippine operations and double their current production capacity for face masks. They are also set to begin manufacturing nonwoven fabric and earloop raw materials for their masks to lessen
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