Palace says taxing online sellers policy of Aquino admin
June 15, 2020
Malacañang said on Monday that the policy to tax online sellers started during the administration of former President Benigno Aquino III. In a press briefing, Presidential Spokesperson Harry Roque said the government understands the difficulty in life amid criticisms on
PSE lower, Merry Mart gains on first day of trading
June 15, 2020
The Philippine Stock Exchange (PSE) index closed lower on Monday even as Merry Mart Consumer Corp marked its first day of trading. The peso finished at P50.345 against the US dollar from Thursday’s P50.195. Volume reached $791.9 million from Thursday’s
JCR’s upgrade on Philippine credit ratings affirmation of country’s economic strength – Palace
June 15, 2020
Malacañang lauded on Monday Japan Credit Rating Agency for its upgrade on the Philippines, saying this affirmed the international community’s “faith” on the country’s economy. Last June 11, JCR announced that it has upgraded the Philippines’ ratings to “A-“, one
NLEX opens elevated expressway between Caloocan and Navotas
June 15, 2020
NLEX Corp. on Monday opened its new elevated expressway between Caloocan City and Navotas City to motorists, cutting travel time from Port Area to North Luzon Expressway. “By bringing NLEX closer to the country’s central shipping gateway, we expect to
MerryMart IPO, stock market listing signal strong trust in quick PHL economic recovery from COVID pandemic
June 15, 2020
Finance Secretary Carlos Dominguez III said Monday the initial public offering (IPO) and stock market listing of grocery retailer MerryMart Consumer Corp. amid the coronavirus pandemic illustrates strong trust and confidence in an early and strong recovery of the Philippine
Tourism to open up to 50% in areas under MGCQ, says Palace
June 12, 2020
Resorts and other tourism establishments in areas under modified general community quarantine will be allowed to operate up to 50 percent capacity starting next week, Malacañang said on Friday. In a television interview, Presidential Spokesperson Harry Roque said the opening
Palace supports BIR call for registration of online businesses to collect taxes
June 11, 2020
Malacañang expressed support on Thursday on the campaign of the Bureau of Internal Revenue for the registration of online businesses in order for the government to collect more revenues. Many online selling reportedly cropped up during the lockdown due to
PLDT joining consortium to build high-performance submarine cable
June 11, 2020
PLDT Inc., with other members of Asia Direct Cable (ADC) Consortium is building a high-performance submarine cable connecting the Philippines, China (Hong Kong SAR and Guangdong Province), Japan, Singapore, Thailand and Vietnam. “The ADC will further improve PLDT’s network resiliency
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