AS the saying goes, when one door closes, another one opens. There is no doubt that the pandemic severely impacted the Philippine Stock Exchange, causing it to dip by 8.6 percent year on year and reach a low of 4,000-level in 2020. But the situation is not as bleak as the numbers present it.
The government has imposed continuous tax relief programs, such as the newly implemented Corporate Recovery and Tax Incentives for Enterprises (Create) Act, that help weather the losses of corporations as well as reinvigorate foreign interest back onto shore. Experts have also remained ever hopeful that faster vaccine rollouts, in addition to fair weather conditions and the easing of quarantine restrictions, will result in faster economic recovery, making it entirely possible to meet the 7- to 9-percent growth target for 2022.
Continue reading with one of these options:
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)