Netflix will boost its spend on making TV shows in the UK to $1bn (£750m) this year as the streaming giant maintains the breakneck pace of its production pipeline despite the coronavirus pandemic. Netflix, which makes shows such as The Crown and Sex Education in the UK, has increased its budget by 50% from the £500m it spent on ...

Rishi Sunak says the spending review comes as the coronavirus health emergency is not over and the economic emergency has only just begun. Sunak said he will prioritise jobs, businesses and public services, the chancellor says the government is spending £280bn to get the country through Covid-19. Next year, the government will allocate an initial £18bn in response. There will ...

CHINA DAILY VIA REUTERSSIGNS OF an economic recovery are emerging this quarter based on readings of recent industrial activity and trade data, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. In the November issue of their Market Call, FMIC and UA&P said the improving economic indicators include the narrower ...

PHILSTAR THE Social Security System (SSS) said going ahead with a plan to expand benefits for retirees affected by the coronavirus disease 2019 (COVID-19) pandemic will likely erode the pension fund's finances. In a Laging Handa briefing Thursday, SSS President Aurora C. Ignacio said the pension fund is considering the proposal from legislators and senior citizen groups to expand such ...

BOND MARKET growth accelerated in the third quarter to meet government demand for funds to finance its coronavirus disease 2019 (COVID-19) containment efforts, the Asian Development Bank (ADB) said Wednesday. According to the ADB Bond Monitor, the peso bond market grew 8.8% from a quarter earlier to P8.136 trillion in the third quarter, outpacing the 5.2% growth rate in the ...

THE Board of Investments (BoI) said it is seeking to attract investment in electric vehicle manufacturing, including production of wiring materials, in which the Philippines enjoys advantages in terms of access to supply. "There's also a special focus within automotive on electric vehicles... electric vehicles will be dependent on copper wire, so it's really filling in the value chain gap," ...

THE Department of Energy (DoE) must step up its clean energy efforts and implement policy that will bring about the "full and swift" transition of the power sector, an environmental think tank said Wednesday. "The economic impact of the pandemic and the devastation from climate calamities we recently experienced are all the more reason for DoE to hasten its clean ...

PHILSTAR THE House of Representatives on Wednesday approved on second reading a bill banning contractualization in the private sector. Following a voice vote, the chamber approved House Bill (HB) No. 7036 or the proposed Security of Tenure Act. HB 7036 seeks to strengthen the security of tenure of private-sector employees by amending Presidential Decree No. 442 or the Labor Code ...

By Chiara Feliz C. Gutierrez Over the years, the Bureau of Internal Revenue (BIR) has released numerous issuances for the guidance of taxpayers, tax consultants, and tax examiners alike. Typically, these issuances are well received as they provide clarity on tax issues or help ease tax compliance obligations. Admittedly though, because tax can generally be complicated, we may sometimes ...

PHILSTAR/MICHAEL VARCAS THE GOVERNMENT has issued an order setting a price ceiling on coronavirus swab tests to balance equity and consumers' choice. Private laboratories may charge P4,500 to P5,000, while their state counterparts must have a flat rate of P3,800, Health Secretary Francisco T. Duque III told an online news briefing on Wednesday. The Department of Health (DoH) and Department ...