Financial crisis looms large as corporate America presses Washington for coronavirus bailout

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"Financial crisis looms large as corporate America presses Washington for coronavirus bailout"

DTI says price freeze covers virtual vendors, individual sellers

THE DEPARTMENT of Trade and Industry (DTI) said virtual vendors and individual sellers are included in the 60-day price freeze imposed by the government. DTI and the Agriculture and Health departments on Wednesday signed a joint memorandum circular (JMC) reinforcing the price freeze on goods after the country was placed under a state of calamity. “The JMC further enhances our existing measures for ensuring sellers’ compliance with the price freeze of basic goods. The Circular…

"DTI says price freeze covers virtual vendors, individual sellers"

Green Cross working to restock alcohol amid hoarding

WWW.FACEBOOK.COM/GREENCROSSPHILIPPINES By Zsarlene B. Chua, Senior Reporter GREEN CROSS Inc. said the company is working “round the clock” to produce and distribute its alcohol and hand sanitizing products amid “heightened” demand due to the coronavirus disease (COVID-19) pandemic. “Our production lines are now practically running around the clock and we are working longer hours to increase output and meet the unprecedented demand, particularly for alcohol,” Green Cross President Michael Co said in a statement on…

"Green Cross working to restock alcohol amid hoarding"

BIR extends other tax deadlines

PHILSTAR/ KRIZ-JOHN ROSALES THE BUREAU of Internal Revenue (BIR) has also extended deadlines of other tax returns for 30 days due to the Luzon-wide lockdown. BIR Commissioner Caesar R. Dulay issued Revenue Memorandum Circular (RMC) No. 29-2020 amending the RMC-26 issued earlier which followed the original deadlines but allowed taxpayers to file “tentative returns” and submit final returns instead after 30 days. According to the new circular signed March 19, moved to April 20 were…

"BIR extends other tax deadlines"

SEC releases rules on GIS filing during lockdown

THE Securities and Exchange Commission (SEC) is allowing corporations to submit their general information sheets (GIS) via different methods while Luzon is under quarantine. In Memorandum Circular No. 9 uploaded on its website, the SEC outlined the guidelines for GIS filing whether or not corporations were able to conduct officer elections and annual meetings. If a company was able to meet to elect directors, trustees and officers, its GIS must be submitted within 30 days…

"SEC releases rules on GIS filing during lockdown"

Top PHL firms to support workers during lockdown

PHILSTAR By Denise A. Valdez, Reporter MORE listed companies are allocating emergency funds to support their workers during the month-long Luzon lockdown. Jollibee Foods Corp. (JFC), the Aboitiz Group, SM Group and Wilcon Depot, Inc. on Friday announced financial assistance programs for employees who are affected by the work disruption arising from the enhanced community quarantine (ECQ) in Luzon. In a statement, JFC said it is setting aside P1 billion as an emergency response fund…

"Top PHL firms to support workers during lockdown"

BSP outlines additional relief measures for banks

THE CENTRAL BANK is giving additional regulatory to financial institutions, including the imposition of a higher single borrower’s limit (SBL), removing penalties for reserve deficiencies, and providing leeway for some notification requirements amid disruptions caused by the coronavirus disease 2019 (COVID-19). “The measures ease certain BSP (Bangko Sentral ng Pilipinas) regulatory requirements governing banking operations for the duration of the enhanced community quarantine and one month thereafter,” BSP Deputy Governor Chuchi G. Fonacier said in…

"BSP outlines additional relief measures for banks"

Stay productive when you’re stuck at home with these business courses

This article was created by StackCommerce in partnership with Content Works, Postmedia’s commercial content division. While Postmedia may collect a commission on sales through the links on this page, we are not being paid by the brands mentioned. While in self-isolation, you’re probably finding yourself with a lot more time. You don’t have to commute anymore, you’re spending less time at coffee shops and restaurants, and you can’t go to the gym to work out.…

"Stay productive when you’re stuck at home with these business courses"

The global markets climb even as the coronavirus death rate soars

© 2019 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy (Your California Privacy Rights) | CCPA Do Not Sell My InformationFORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.Quotes delayed at least 15…

"The global markets climb even as the coronavirus death rate soars"

SMC defers issuance of P60-B commercial papers

SAN MIGUEL Corp. (SMC) is delaying the issuance of P60 billion worth of commercial papers, as Luzon is under enhanced community quarantine until mid-April due to the coronavirus disease (COVID-19) outbreak. In a disclosure to the stock exchange Friday, the listed conglomerate said it “will defer the processing of the registration statement and the issuance and listing of the commercial papers until such time that conditions stabilize.” It also asked the Securities and Exchange Commission…

"SMC defers issuance of P60-B commercial papers"