BusinessWorld
June 7, 2021 | 12:02 am
Yield Tracker
YIELDS ON government securities (GS) mostly declined last week following the release of May inflation data, which showed that the average rise in prices was steady for a third straight month.
Bond yields, which move opposite to prices, edged down by an average of 3.08 basis points (bps) week on week, based on data from the PHP Bloomberg Valuation Service Reference Rates as of June 4 published on the Philippine Dealing Systemâs website.
A bond trader said yields mostly moved lower last week as inflation concerns eased.
â[Last Fridayâs] data confirmed that view as CPI (consumer price index) may have seen its peak,â the trader said in a Viber message.
Press Release - Statement of Sen Win Gatchalian on the tax hike on private educational institutions senate.gov.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from senate.gov.ph Daily Mail and Mail on Sunday newspapers.
Published June 5, 2021, 4:38 PM
Senator Sherwin Gatchalian on Saturday, June 5, called on the Senate to exercise its oversight function and look into the Bureau of Internal Revenue’s (BIR) regulation seeking to increase the tax rate of private schools.
Senator Sherwin Gatchalian during a special session in the Senate on March 23, 2020. (Henzberg Austria/Senate PRIB)
The chairman of the Senate basic education committee made the appeal as he joined his colleagues in slamming the BIR’s issuance of its Revenue Regulation (RR) 5-2021, which would raise the tax of proprietary educational institutions from 10 percent to 25 percent.
“At a time when private schools are struggling to stay afloat amid the COVID-19 pandemic, the imposition of a 25 percent corporate income tax is not only ill-timed and insensitive. It goes counter to the intention of Republic Act 11534 or the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) Law, which sought to reduce proprietary educa
The rate of increase in consumer prices remained steady for second consecutive month in May as indices of food and transport rose at a much slower pace, the Philippine Statistics Authority (PSA) reported Friday, June 4.
The country’s headline inflation last month remained at 4.5 percent, the