-
Feb 01 2021 NEDA to brief Congress on urgency of passing reform bills
ECONOMIC PLANNERS will make their pitch to Congress on the urgency of passing economic reform bills before the legislature turns its attention to preparing for next year’s national elections, the National Economic and Development Authority (NEDA) said Monday.
“A few more months before the campaign season, we will work to get the rest of the bills…
-
Feb 01 2021 UPDATE ON CREATE | Bicam lists key features; ratification seen Tuesday
THE head of the Senate panel in the bicameral conference committee on the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill revealed late Monday an updated list of the key features of the measure, which both chambers are expected to ratify on Tuesday.
The economic managers had been prodding Congress to rush passage of the…
-
Jan 31 2021 More businesses shift to online space amid pandemic
The Department of Trade and Industry in Central Visayas (DTI-7) has intensified the advocacy on its e-commerce program to help local businessmen move forward and operate under the new normal.
Marivic Aguilar, chief for Small and Medium Enterprise (SME) Development at DTI in Cebu, said many businesses have shifted to the online space during the coronavirus…
-
Jan 31 2021 Philippines remains a starter in digital transformation
THE Philippines ranked 59th out of 79 countries in the 2020 Global Connectivity Index (GCI) report by Chinese technology firm Huawei Technologies Co.,Ltd., suggesting that the country remains a “starter” when it comes to digital transformation.
The Philippines had an average score of 38 out of 120 based on the four pillars used by the index,…
-
Jan 31 2021 Salceda says bicam ready to pass ‘CREATE’ bill
Albay Rep. Joey Salceda said Sunday the Senate and the House of Representatives finally ironed out the differences on the proposed reform of corporate income tax and fiscal incentives or Package 2 of the Corporate Recovery and Tax Incentives for Enterprises (CREATE).
“It’s done. Both panels are now ready to sign. The secretariats are now preparing…
-
Jan 30 2021 PH successfully launched 1st Virtual National Trade
In as much as the government wants to bring together the sellers and the buyers in one huge venue just like before to showcase the best of the Philippine products, the prudent move to embark on a best alternative way to ensure the objective to help everyone to rebound after badly hit by the coronavirus…
-
Jan 30 2021 Philippines Central Bank Updates Guidelines Crypto Exchanges
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has approved the guidelines on virtual asset service providers (VASP) and entities that facilitate financial services through the conduct of virtual asset (VA) activities.
The said guidelines amended the regulations on virtual currency exchanges (VCE) that were issued in 2017.
The board-approved framework expanded the activities subject to the…
-
Jan 30 2021 Full implementation of ID system pushed to hasten economic recovery, ease vaccine rollout
SEN. Panfilo Lacson on Saturday pushed for the full implementation of the Philippine Identification System (National ID) Act to hasten the country’s recovery after the economy shrank by 9.5-percent in 2020 due to the coronavirus pandemic.
Lacson, one of the authors and principal sponsor of the measure in the Senate, said the National ID system will…
-
Jan 28 2021 Young Techpreneur ramps up expansion, shares valuable tips to fellow-entrepreneurs
As many companies and entrepreneurs opt to wait and see given the fact that the pandemic is not just over yet, and another strain of virus just recently discovered.
While the vaccines are ready to be rolled out, many business groups see optimism for the Philippines in 2021, and apparently, the CEO and Founder of Barkero…
-
Jan 28 2021 BCCP urges gov’t to heed call for Philippine Economic Liberalization as it continues to market PH to the UK investors
After its bullish forecast for 2021 during the yearend hybrid media briefing last December 11, 2020, Chris Nelson, the Executive Chairman of the British Chamber of Commerce Philippines discussed the status of British Investments in the Philippines.Nelson noted that despite the pandemic, the Chamber has been very successful in introducing British brands in the Philippines…