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Government to incur P667-B losses due to CIT rate cut

Government losses could reach P667 billion between 2020 and 2027 due to the reduction in corporate income tax (CIT), according to the Department of Finance (DoF).

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JCPenney goes bankrupt

US department store chain JCPenney, which has not turned a profit since 2011 became the latest American retailer to be pushed into bankruptcy by the COVID-19 pandemic.

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Return of confidence in flying big challenge for airlines

Global airlines, after incurring unprecedented losses and possible bankruptcy due to the COVID-19 pandemic, are bound to face a tough time convincing people air travel is safe when commercial flight operations resume under new normal protocols.

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Bleak prospects for restaurants, condo sector

In post-COVID-19 lockdown scenario, half of Philippine restaurants might close shop, work-from-home (WFH) arrangements may not be suitable for many businesses and a number of upper-middle residential condominium could suffer reduction in value, according to property consultant David Leechiu.

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Small businesses must adapt to survive

Small business or those under the category of micro, small and medium enterprises (MSME) will have to adapt to overcome the grave economic effects of the COVID-19 pandemic.

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Safety Tips For Shopping Online

The global response to the current COVID-19 pandemic have led to a decline in the global economy, with the majority of businesses, big or small, that run through physical stores being the most affected.

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GDP dips in Q1 due to COVID-19

The gross domestic product (GDP) dipped 0.2 percent in the first quarter as the economy shrank after more than two decades due to the COVID-19 pandemic.

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DTI proposes P100-B MSME rescue package

The country’s economic managers are deliberating a P80-billion to P100-billion stimulus package for micro and small businesses to help them cope with the disastrous economic effects of the COVID-19 pandemic, according to Department of Trade and Industry Secretary Ramon Lopez.

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MIAA losses breach P1-B as air travel plummets

The Manila International Airport Authority (MIAA) has incurred over a billion pesos in financial losses due to air travel restrictions arising from the COVID-19 pandemic.

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Senators studying ‘liability shield’ for Philippine firms

The Philippine Senate is seriously considering providing a “liability shield” for local businesses, on the trail of a similar bill filed in the US Congress that many American businessmen are clamoring when the US economy starts to reopen.

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