CREATE: Incentives for recovery, investments and innovation mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Herd immunity in the Philippines might not be achieved until 2023 Moody s Analytics
Published March 17, 2021 11:57am By TED CORDERO, GMA News The Philippines is not likely to achieve herd immunity against COVID-19 until 2023, which could slow the pace of its economic recovery, according to Moody’s Analytics. In his Asia-Pacific Economic outlook, Moody’s Analytics chief economist for Asia-Pacific Steven Cochrane reiterated that the Philippines will lag behind its peers in the region in terms of recovering to its pre-pandemic economic growth. “Most of the region, if not already recovered, is within 2 to 3 percentage points of achieving a new peak in GDP (gross domestic product),” Cochrane said.
March 18, 2021 | 12:33 am Font Size
REUTERS
THE CORPORATE RECOVERY and Tax Incentives for Enterprises Act (CREATE), which is now awaiting President Rodrigo R. Duterte’s signature, is projected to provide around P1 trillion worth of tax relief over the next decade, the Finance chief said.
“CREATE is the largest fiscal stimulus program for enterprises in the country’s history, providing P1 trillion worth of tax relief over the next 10 years,” Finance Secretary Carlos G. Dominguez III said in his presentation at the Southeast Asia Development Symposium of the Asian Development Bank (ADB) on Wednesday.
Congress passed CREATE in February, but Mr. Duterte has yet to sign it. The priority measure will lapse into law on March 27.
BoI-approved pledges rise to P122B bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Dominguez says strong private sector key to sustainable recovery this year pia.gov.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pia.gov.ph Daily Mail and Mail on Sunday newspapers.