The Bangko Sentral ng Pilipinas (BSP) is seen to maintain low interest rates until the end of 2021 as loan disbursements of banks continue to shrink due to the persisting COVID-19 pandemic.
COVID-19 Pandemic
Local and foreign investors are seeking a five-year tax relief from the Senate Bill No. 1357, also known as the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), to give them time to recoup their losses during the COVID-19 pandemic.