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NEDA chief says P38 trillion lost during the pandemic (Eagle News) – The Philippine government is confident that the economy would further bounce back with the implementation of Alert Level 1 in 39 areas of the country, including the capital region of Metro Manila. National Economic and Development Authority (NEDA) Secretary Karl Kendrick Chua said that some P3.8 trillion were lost during the pandemic, and with the Alert Level 1 implementation in the country, […]
PHL posts 5.6 percent overall growth based on GDP for whole year of 2021 (Eagle News) – The Philippine economy grew further last year despite the Covid-19 pandemic and the highly debilitating Delta variant, as gross domestic product posted a growth of 7.7 percent in the fourth quarter. Because of this, the country’s GDP posted an over-all growth of 5.6 percent for the whole year of 2021, according to the latest data from the […]
(Eagle News) – The National Economic and Development Authority (NEDA) is pushing for the entire country to be placed under Modified General Community Quarantine (MGCQ) starting March. NEDA Acting Secretary Karl Kendrick Chua told President Rodrigo Duterte on Monday night, Feb. 15 that as a “balancing act,” the country should be placed under the more relaxed MGCQ to save the economy from further bleeding, but with the strict implementation of minimum health protocols to […]
(Eagle News) — Tiniyak ng Department Of Finance (DOF) na hindi magreresulta sa tanggalan sa trabaho ang ikalawang bahagi ng TRAIN law na tinatawag ngayong TRABAHO bill. Ito ang sinabi ng DOF sa harap na rin ng pangamba na baka umalis sa bansa ang mga investors o magbawas ng trabaho ang mga kumpanya sa oras na bawasan ng pamahalaan ang natatanggap na incentives ng mga ito mula sa pamahalaan tulad ng mas mababang bayarin sa […]
The Philippines won three more bronze medals in the 42nd Southeast Asia Swimming Championships at the Trace Aquatic Center in Los Bano, Laguna on Sunday, as the country ended its campaign in the tournament. Xiandi Chua, Kirsten Robyn Tan and Lady Samantha Corpuz delivered the medals for the Philippines. The country’s medal haul consisted of four golds, 11 silvers and 14 bronzes. Chua, who topped the 200-meter individual medley (IM) and 200-meter backstroke events in […]
https://www.youtube.com/watch?v=BZWTXT8pD2Q (Eagle News) –The Department of Finance (DOF) said Thursday the government loses more than P300 billion annually from the implementation of income tax holidays and other incentives being enjoyed by big corporations. This, according to Finance Undersecretary Karl Kendrick T. Chua, means there is a need for the rationalization of incentives for investors under the second tax reform package that the DOF will submit to Congress before the end of January. Based on […]
