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Philippines likely missed 2023 growth target

While some economists believe the Philippine economy likely grew faster in the fourth quarter, the overall expansion in 2023 is still expected to fall short of the six to seven percent target penned by the government’s economic managers......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2024

Naga City employee nabbed for ‘stealing’ P12M in gov’t collections

CEBU CITY, Philippines — A 44-year-old liquidating officer of Naga City, Cebu was arrested by the police on Monday, February 19, for allegedly stealing City Hall collections that accumulated to a total of P12 million. The arrested employee was identified as Jesette Kristy Villarta Rivera, a resident of Barangay North Poblacion. City Treasurer Anna Maria.....»»

Category: newsSource:  inquirerRelated NewsFeb 20th, 2024

Rice tariff collections hit P30 billion in 2023

Tariff collections from 3.6 million metric tons of rice imports likely reached a record P30 billion in 2023 on the back of a weaker peso and higher global grain prices......»»

Category: financeSource:  philstarRelated NewsFeb 4th, 2024

Mga influencer, online seller yari sa BIR

Muling nagpaalala ang Bureau of Internal Revenue sa mga social media influencer at online seller na magbayad ng buwis upang hindi makasuhan ng gobyerno. The post Mga influencer, online seller yari sa BIR first appeared on Abante......»»

Category: newsSource:  abanteRelated NewsApr 7th, 2024

BIR-Davao urges taxpayers to file ITR before deadline

BUREAU of Internal Revenue-Davao Region (BIR-Davao) calls on taxpayers to file their income tax returns (ITR) and not wait for the deadline which would be this coming April 15, 2024......»»

Category: newsSource:  sunstarRelated NewsApr 4th, 2024

Tax Notes: BIR issues clarification on the taxation of cross-border services

Tax Notes: BIR issues clarification on the taxation of cross-border services.....»»

Category: newsSource:  sunstarRelated NewsMar 31st, 2024

BIR attempts ‘friendly’ tack

February is not just the love month, it also marks the start of a yearlong campaign for the Bureau of Internal Revenue (BIR) to encourage the public to pay their tax obligations. After all, collecting P3.05 trillion is no easy task......»»

Category: financeSource:  philstarRelated NewsMar 23rd, 2024

Tax Notes: BIR clarifies tax treatment of interest on borrowings

Tax Notes: BIR clarifies tax treatment of interest on borrowings.....»»

Category: newsSource:  sunstarRelated NewsFeb 25th, 2024

Woman who demanded money in return for release of BIR docs apprehended

Woman who demanded money in return for release of BIR docs apprehended.....»»

Category: newsSource:  sunstarRelated NewsFeb 14th, 2024

Tax Notes: BIR clarifies treatment, conversion of foreign currency transactions

Tax Notes: BIR clarifies treatment, conversion of foreign currency transactions.....»»

Category: newsSource:  sunstarRelated NewsFeb 10th, 2024

26 BIR officials suspended

Bureau of Internal Revenue commissioner Romeo Lumagui Jr. has ordered the suspension of 26 BIR employees charged with misconduct and various other offenses......»»

Category: newsSource:  philstarRelated NewsJan 17th, 2024

Retail Sales in US Fall Short of Expectations Following Previous Month’s Decline

US retail sales saw a slight increase of 0.6% in February, falling short of predictions and sparking worries about consumer spending strength. This uptick follows.....»»

Category: newsSource:  thedailyguardianRelated NewsMar 15th, 2024

Smart Sports Scribes fall short vs Smileys in PSA Cup thriller

AJ Bolando scored 19 points and Julio Sampedro added 18, but those weren’t enough as the Smart Sports Scribes came up short against the Say Chiz Smileys in a thrilling 66-64 contest in the opening of the 2024 Philippine Sportswriters Association (PSA) Cup......»»

Category: newsSource:  philstarRelated NewsFeb 21st, 2024

Customs collections overshoot target in Q1

The Bureau of Customs collected P219 billion in the first quarter as it sustained its streak of surpassing targets on the back of an enhanced assessment system......»»

Category: financeSource:  philstarRelated NewsApr 3rd, 2024

New Delhi raises target for defense exports

India is set to increase production of aircraft engines and gas turbines, aiming to become a major player in the arms tradeThe Indian government has increased its annual target for defense and aerospace production to $36 billion, while raising the export target to $6 billion. Indian Defense Minister Rajnath Singh said the country aims to increase its production of jet engines and gas turbines to.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 27th, 2024

SSS Surpass 2023 Revenue Target by 9.5%

The Social Security System (SSS) said it surpassed its revenue target for 2023, the highest revenue ever recorded according to SSS Chief Executive Officer Rolando Ledesma Macasaet. In a press release, SSS said they had initially set the revenue target for last year at Php330 billion but have achieved 9.5% more or Php362.20 billion. “Our […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 21st, 2024

Philippines posts 5.6% GDP growth in 2023, misses gov t target

The country’s gross domestic product (GDP) grew 5.6% in the fourth quarter from a year earlier, falling short of the government target, the Philippine Statistics Authority (PSA) reported on Wednesday......»»

Category: newsSource:  philstarRelated NewsJan 31st, 2024

Excise tax collection declines to P292 billion

Lower consumption of ‘sin’ products as prices of essential goods increased last year resulted in the drop of excise tax collections by the government, further exacerbated by the still rampant illicit trade......»»

Category: financeSource:  philstarRelated NewsFeb 12th, 2024

8 short films ng mga estudyante, isasabak sa Manila Film Fest

May walong short films mula sa 69 entry ang napili na sumabak sa Manila Film Festival sa darating na Hunyo 4, 2024. The post 8 short films ng mga estudyante, isasabak sa Manila Film Fest first appeared on Abante......»»

Category: newsSource:  abanteRelated NewsApr 11th, 2024

Groseclose exits short track speed skating event in Winter Youth Olympics

Filipino speed skater Peter Groseclose came up short in the quarterfinals of the men's 1000m short track speed skating event at the 2024 Gangwon Winter Youth Olympics Sunday......»»

Category: sportsSource:  philstarRelated NewsJan 22nd, 2024