THE DEPARTMENT of Budget and Management (DBM) has extended the deadline for state agencies preparing their 2021 budget plans (BP) to May 25 amid the 30-day Luzon-wide lockdown. Budget Secretary Wendel E. Avisado issued National Budget Memorandum No. 134 extending the deadline from the previous May 11 schedule to give agencies more time to prepare their plans, especially those implementing work-from-home arrangements and operating on skeleton workforce during the quarantine period. The order also assured…"DBM extends deadline for agencies’ 2021 spending plans"
UNITED STATES-based investment firm The Capital Group Companies, Inc. is increasing its stake in DoubleDragon Properties Corp. to 5%. In a regulatory filing sent in advance to reporters on Friday, the listed property firm said it sold 183,100 common shares to The Capital Group at P14.96 each. This increases the Capital Group’s investment and voting discretion in DoubleDragon to 118,495,700 common shares, equivalent to 5% of its total outstanding shares. The investment is made through…"US investment firm raises stake in DoubleDragon"
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"
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"
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"
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"
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"
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"
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"