Business

Leading cement manufacturer Holcim Philippines, Inc. said innovative building solutions can help contractors keep workers safe and catch up to deadlines as construction activity picks up with the easing of restricted activities in COVID-19 quarantine areas.

The current COVID-19 pandemic proves to be the biggest test on how today’s flexible working practices enable employees to stay productive while working remotely. Cybercriminals, however, are making it clear that they are not taking any time off as cyberattacks continue to rise, targeting individuals and organizations alike.

Leading economist Dr. Bernardo Villegas said that the Philippines will be one of the countries that can recover faster from the impact of the pandemic, citing the health sector as an area for growth.

Year-on-year headline inflation eased to 2.1 percent in May from 2.2 percent in the previous month and was within the BSP’s expected range of 1.9-2.7 percent for the month. The resulting year-to-date average inflation rate of 2.5 percent was within the Government’s target range of 3.0 percent ± 1.0 percentage point for the year. Meanwhile, core inflation—which excludes selected volatile food and energy items to measure underlying price …

A tax on digital transactions is seriously being considered following a legislative proposal for government to work on it.

To attract investors under the new normal, the Finance Department is studying to “tailor-fit” tax and non-tax incentives, according to Finance Secretary Carlos Dominguez III.

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).

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.

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.

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.