Fiscal perks key to higher e-vehicle demand
INTRODUCING fiscal incentives could encourage demand for electric vehicles (EV) nationwide, according to a study released by the Philippine Institute for Development Studies (PIDS).
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INTRODUCING fiscal incentives could encourage demand for electric vehicles (EV) nationwide, according to a study released by the Philippine Institute for Development Studies (PIDS).
CITING the threat of a “K-shaped” economic recovery, the chairman of the House Committee on Ways and Means is pushing for the inclusion of a universal basic income (UBI) in the proposed House Bill 8628 or the “Bayanihan 3.”
SECURITY Bank Corp. (SBC) has urged the public to become more vigilant of online scams and cybercrimes adding that aside from phishing, other forms of fraud like “vishing” and “smishing” are on the rise.
PARTNER-homeowners of Social Housing Finance Corp. (SHFC) can now pay their loan amortizations with the government agency through GCash, the state-run housing financier announced recently.
THE Bureau of the Treasury is set to borrow a total of P170 billion from the local debt market in May, the same level it programmed to borrow in April.
AN Indonesia-based financial technology (fintech) player announced it will waive P3.5 million per business in free transactions for up to 1,000 entrepreneurs and businesses in Philippines and Indonesia to scale and level-up, “while embracing the digital transactions that are increasingly critical in the region.”
ONE million cases of the dreaded Covid-19 disease have been tallied in the Philippines as of this week, based on the latest statistics from the Department of Health (DOH). This horrific milestone was recorded amid the surge in infections concentrated mostly in the National Capital Region and its four neighboring provinces, collectively called the “NCR Plus” bubble.
TODAY’S bank boards are addressing climate change right at the top of their organizations, with more empowering their CEOs to take direct responsibility and including climate strategy targets in reward structures.
TODAY’S bank boards are addressing climate change right at the top of their organizations, with more empowering their CEOs to take direct responsibility and including climate strategy targets in reward structures.
A member of the House Committee on Appropriations on Sunday said President Duterte may increase the dividend payout by government-owned or -controlled corporations (GOCCs) to help fund the Bayanihan 3 bill.
STATE-run Government Service Insurance System (GSIS) said it will be releasing a total of P252 million for the grant of one-time financial assistance to more than 12,000 Employee Compensation (EC) pensioners.
Bankrolling various interventions aimed at hiking the country’s abaca output to 177,189 metric tons (MT) by 2025 would require a total budget of nearly P20 billion, according to a draft road map prepared by the Philippine Fiber Industry Development Authority (PhilFida).
CIBI Information Inc. (CIBI) announced it has signed a strategic partnership with a Singapore-headquartered artificial intelligence and big data company to use innovative AI and computer vision technology to expand business intelligence support and services for local businesses in the Philippines.
THE Bureau of the Treasury sold P35 billion in new 7-year Treasury Bonds (T-bonds) as it continues to take advantage of strong liquidity in the market.
THE trade department said that the guidelines on payment options—in line with its mandate of consumer protection—will take effect on Friday, April 23.
THE government has so far collected P218.05 billion (about $4.51 billion at current exchange rates) in duties and taxes from the implementation of its fuel-marking program for nearly two years.
INTERNATIONAL credit watcher Moody’s Investors service said the recent cash management deal between Security Bank Corp. and MUFG Bank Ltd. (MUFG) is credit positive for Security Bank.
IT has been more than a year since the Covid-19 pandemic has hit us hard. Almost everyone was caught flat footed and underwent difficulty with adapting. One of the industries heavily affected by the ongoing pandemic is the travel and tourism industry. Both local and international tourism has been severely restricted in order to control the spread of the virus. For instance, foreigners could no longer visit our well-known islands to enjoy our pristine shores.
THE House Committee on Banks and Financial Intermediaries has recently approved a proposed bill seeking to establish a new private retirement and pension system.
THE government would issue new details on the new menu of tax perks awaiting investors and also the expanded functions of the agency granting the incentives, the Department of Finance (DOF) announced in a statement.
THE Bangko Sentral ng Pilipinas (BSP) announced over the weekend that it has approved guidelines for banks’ management of reputational risks.
ANAKALUSUGAN Rep. Michael T. Defensor wants to give lucrative tax benefits to private corporations and wealthy individuals that will sponsor the Covid-19 vaccination of public school teachers and students.
A propensity to commit fraud is now part of how banks measure a candidate for their work force under the new rules that the Bangko Sentral ng Pilipinas (BSP) issued last Thursday.
THE United States government, through the US Agency for International Development (USAID), would provide $3.5 million (about P169,494,500) to support the Philippines in its efforts to deliver vaccines this year.
AFTER the government lifted the moratorium on new mining agreements, the chairman of the House Committee on Ways and Means last Thursday said fiscal regimes and ground rules for mining should be established to ensure that the benefits of the industry are maximized for the country’s economic recovery post Covid 19-pandemic.
THE United States Trade and Development Agency (USTDA) signed last Thursday a $686,000 (about P33.25 million) grant agreement with the Philippines for technical assistance to improve mobility and traffic congestion in Metro Cebu.
THE first time I “e-met” Sarah Sladek, American best-selling author, association membership growth strategist and futurist, was when I attended the webinar of the Australasian Society of Association Executives (AuSAE) in June last year. I also wrote about it in my June 19, 2020 column entitled, “All-Star Cast on Association Membership.”
Rizal Commercial Banking Corporation’s (RCBC) financial super app DiskarTech has launched its own Viber community.
INTERNATIONAL credit watcher Moody’s Investors Service announced on Tuesday that they have reverted their assigned outlook to the Philippine banking sector back to “stable” from “negative.”
Philippine-based fintech company First Digital Finance Corp. (FDFC) announced that it is partnering with Southeast Asia-based payments firm 2C2P (Thailand) Co. Ltd. to expand the access of their platform to more local users.
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