and 20% for smaller enterprises, Congressman Joey Salceda said. The law will bring the Philippines closer to the average rate in Southeast Asia at around 22%, the Department of Finance has said.
Philippines gets $300 million AIIB loan for Covid vaccination program
The Philippines now has $1.2 billion (over P58 billion) in loans which three multilateral lenders can directly pay to vaccine suppliers with the approval on Thursday of the $300-million financing from …
Philippines gets $300 million AIIB loan for Covid vaccination program
The Philippines now has $1.2 billion (over P58 billion) in loans which three multilateral lenders can directly pay to vaccine suppliers with the approval on Thursday of the $300-million financing from …
Accelerating the Business Case of EV in the Philippines
Dominated by fossil fuel-powered vehicles, the Philippines’ transport sector is currently the nation’s second highest contributor to its greenhouse gas emissions, accounting for 31.6 per cent of total …
Vietnam also protests Chinese presence in Julian Felipe Reef
After the Philippines, Vietnam, which also claims Whitsun Reef or locally known as Julian Felipe Reef, protested China’s swarming of the disputed area in the South China Sea as it warned that such …
Philippines Holds Key Interest Rate Steady Again
The Philippines’ central bank left its key interest rate unchanged Thursday, citing the prospect of inflation overshooting its target …
Philippines seen as Asia production hub for Sputnik V vaccine
MANILA, Philippines — The Philippines may be on its way to being a production hub for COVID-19 vaccine Sputnik V in Asia, Russian Direct Investment Fund CEO Kirill Dmitriev said in a televised …
China Dynamics to Provide Not Less Than 500 Electric Vehicles in Philippines and Malaysia
The electric vehicles will be mainly used in the Philippines and in Malaysia. In addition, GET Worldwide is already looking to expand to Africa and Latin America within the year. Mr. Freddie Tinga, …
Rich-poor income gap could widen further in Philippines after pandemic -ADBI
Poor Filipinos are more vulnerable to income decline than the rich due to the COVID-19 pandemic-induced economic fallout, reflecting a wider income disparity between the lower and higher income …
Philippines Holds Rates as Recovery Concerns Trump Inflation
(Bloomberg) –The Philippines’ central bank held its key interest rate … to ensure that the monetary policy stance continues to support the BSP’s price and financial stability objectives.” Trading …