Research group urges gov’t to hike budget for Covid-19 response; focus less on credit rating

Aug 10, 2020 | Nation, Top Stories

A research group urged the government to allocate more funds for the local coronavirus disease 2019 (Covid-19) response and to focus less on the country’s sovereign credit rating.Ibon Foundation, a non-profit socioeconomic research group, said the stimulus budget...

Labor department backs P155-B stimulus fund for workers

May 31, 2020 | Top Stories

The Department of Labor and Employment (DOLE) endorsed on Sunday the proposal to allocate P155 billion in stimulus funding for wage subsidies for workers and job creation to restart the economy. The proposal, authored by Albay Rep. Joey Salceda and Marikina Rep....

House committee adopts stimulus, debt bills to help revive PH economy

May 28, 2020 | Business

A House committee approved on Tuesday three crucial bills to help ease the adverse effects of the coronavirus disease (Covid-19) on the economy and workers. The Defeat Covid-19 Ad-Hoc Committee of the House of Representatives adopted three substitute bills to the ...

Finance dep’t proposes lowering corporate income tax to 25 percent

May 22, 2020 | Business

Finance Secretary Carlos Dominguez III has asked the Senate to consider the reduction of the corporate income tax rate to 25 percent from 30 percent starting July 2020 to stimulate the economy amid the coronavirus disease (Covid-19) pandemic. Dominguez is pushing for...

Passage of business stimulus law pushed

May 14, 2020 | Business

The Philippine Chamber of Commerce and Industry (PCCI) has appealed to Congress and the government’s economic managers to pass measures to stimulate private sector activity when quarantine measures are lifted. The PCCI said in a statement the Philippine Economic...