The pace of the domestic economy’s recovery in the coming months is expected to be a major catalyst for growth in bank lending, which is in contraction despite the low interest rate environment. In a virtual briefing on Thursday, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said bank lending has remained weak due…
The Court of Tax Appeals (CTA) ruled in favor of a local manufacturer of coconut water product, partially granting its petition for tax refund. In a decision, the CTA Second Division partially granted the petition for review filed by Axelum Resources Corporation. The company was granted a reduced refund of PHP12.819 million out of the…
The Anti-Red Tape Authority (ARTA) has identified 10 government agencies with the highest number of complaints they received from the public as of June 10 this year. In the presentation of ARTA deputy director general Eduardo Bringas at the Kapihan sa ARTA Thursday, the agency received the highest number of complaints against the Bureau of…
The movement of residents in Iloilo province remains limited to securing goods and essential transactions as the provincial government decided to extend the implementation of the municipal quarantine until June 30, 2021. The municipal quarantine, which calls for restriction in the movement of people only between municipalities and essential travels, was supposed to end on…
Stringent implementation of measures against the spread of coronavirus disease 2019 (Covid-19) is seen as the key for the continued reopening of the economy and help address the employment situation in the country. In an economic bulletin released on Thursday, the Department of Finance (DOF) said the number of employed Filipinos went back to pre-pandemic…
The Eastern Visayas regional inter-agency task force on emerging infectious diseases (RIATF) has approved the request to suspend the return of locally-stranded individuals (LSIs) in Northern Samar province. The provincial government made the plea for a temporary LSIs return ban due to increasing cases of coronavirus disease 2019 (Covid-19), causing the overcrowding of quarantine…
