Business

[ad_1] MANILA, Philippines – The country’s economic managers have projected that the gross domestic product (GDP) will contract year-over-year during the four quarters of 2020 to bring the annual contraction to 2-3.4 percent. This was the last projection of the Cabinet-level Development Budget Coordination Committee (DBCC), which met on Tuesday …

[ad_1] MANILA, Philippines – The Department of Finance (DOF) is pushing for the approval of the Corporate Income Tax and Incentives Rationalization (Citira) Act to attract foreign investors and revive the economy hit by the pandemic. Finance Secretary Carlos Domínguez III made the appeal in a meeting with President Duterte …

[ad_1] Presidential Assistant to the Visayas Secretary Michael Dino. | CDN Digital file photo CEBU CITY, Philippines – Presidential Assistant for the Visayas Michael Lloyd Dino maintains that “there is no other way” to get through the coronavirus crisis here than the OPAV-initiated Project Balik Buhay (PBB). OPAV’s PBB carries …

[ad_1] [singing] Singing: “Oh, brother, I want you to keep going.” And one of these days, and one of these days, you will be free. “Albany, Georgia, became Covid-19’s epicenter in April. Hundreds of cases went back to two funeral services, and resulted in one of the death rates. highest …

[ad_1] With no easy answers to the dilemma, Mohamed El-Erian, chief economic adviser for Allianz, says the focus needs to be on learning from the “massive experiment.” “The reality is that we are reopening,” El-Erian said Tuesday in an interview on Quest Means Business. “We need to judge not only …

[ad_1] FOR LIMITED SHOPPING Workers spruce up shop windows along Ayala Avenue in Makati City as shopping malls in Metro Manila prepare for partial reopening with the easing of lockdown restrictions beginning this weekend. Retailers expect the government to allow limited shopping as part of a phased exit from quarantine …

[ad_1] Boeing CEO Dave Calhoun said he believes a major U.S. airline will go out of business this year because of the ongoing disruption brought on by the coronavirus pandemic. “I don’t want to get too predictive on that subject, but yes, most likely,” he said in an interview that …

[ad_1] The company delivered just six planes to customers in April, the lowest number of deliveries since 2008, when the company was dealing with a massive employee strike. Deliveries are important to the company’s finances because it receives most of the money from the airlines when the plane is actually …

[ad_1] Published May 12, 2020, 10:00 p.m. By Myrna M. Velasco The state Electricity Assets and Liabilities Management Corporation (PSALM) was able to cut debts from the electricity sector by ₱ 27 billion last year to ₱ 422.01 billion at the end of December compared to ₱ 449.2 billion for …

[ad_1] MANILA – The government should “act with care” by approving the second tranche of tax reforms at this time, as investors and companies are recovering from the effects of the coronavirus crisis, some senators said Tuesday. It may be the “wrong time” to pass the Business Income Tax and …