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Yuchengco’s House of Investments gets SEC nod to buy Grepa Realty
The Securities and Exchange Commission has approved Yuchengco-led House of Investments’ move to acquire GPL Holdings Inc.’s shares in Grepa Realty Holdings Corp......»»
Consumers express mixed reactions on slight power rate increase
Consumers of Davao Light and Power Co., Inc. have expressed mixed reactions to a slight increase in the overall power rate starting January 2024. The increase is attributed to higher market prices affecting the generation rate. Noriza Mabanding, a virtual assistant, noted the impact on her energy usage and the need to schedule appliance usage to save energy. Jenalyn Manguiob, a small business owner, expressed dissatisfaction with the increase's effect on her business but acknowledged the global market's influence and the importance of conserving energy. The increase amounts to P0.0774 per kWh, resulting in a minor increase in electricity bills for residential customers......»»
MFC Cebu-Makati FC young booters dominate Asia’s biggest youth football tilt
CEBU CITY, Philippines — The combined teams of Makati Football Club Cebu and Makati FC (MFC) dominated the recently concluded Junior Soccer School and League (JSSL) over the weekend in Singapore. MFC sent 14 teams to Singapore’s premier youth football competition. Many players who suited up for MFC were from the Makati Football Club Cebu.....»»
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.....»»
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......»»
23 Makati barangays to receive P10M from real property tax collection
The Makati City government said that 23 of its barangays are slated to receive an extra P10 million each from the city's basic real property tax collection......»»
Makati barangays to get P10 million more from tax shares
All 23 barangays of Makati are each getting an additional P10-million share from the city’s basic real property tax collection following the transfer of the 10 enlisted men’s barrio or “embo” barangays to Taguig, Mayor Abby Binay said yesterday......»»
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......»»
Tax Notes: BIR clarifies tax treatment of interest on borrowings
Tax Notes: BIR clarifies tax treatment of interest on borrowings.....»»
Tax Notes: Online sellers subject to 1% expanded withholding tax
Tax Notes: Online sellers subject to 1% expanded withholding tax.....»»
Makati: No permit needed to operate public park
The local government of Makati maintained yesterday that the city does not need to secure a business permit to operate the Makati Park and Garden since it is a public facility......»»
Makati breaches 2023 business renewal revenue
The Makati City government has surpassed its January 2023 business renewal assessment level, with still over 4,000 businesses expected to renew their permits until the deadline on Jan. 31, Mayor Abby Binay said yesterday......»»
Government posts P88 billion surplus
The Marcos administration snapped eight consecutive months of budget deficit after it recorded a surplus of P88 billion in January as revenue collections outpaced spending......»»
‘No tax breaks for eco-zone work-from-home firms’
Work-from-home setups of business enterprises in economic zones should no longer get tax incentives under the Corporate Recovery and Tax Incentives for Enterprises Act as the public health emergency status for COVID-19 has already been lifted, Justice Secretary Jesus Crispin Remulla clarified in a legal opinion......»»
Biz Bureau surpasses 43-K permit renewals
The Davao City Business Bureau has achieved a significant milestone by processing over 43,000 business permit renewals as of January 29, 2024, surpassing last year's numbers. Maribel Paguican, the Head of the Business Bureau, revealed this accomplishment in a radio interview on January 30, 2024. She highlighted the bureau's performance, stating that they had already exceeded the previous year's figures by 270 renewals. Despite the positive outcome, Paguican acknowledged that they are still short of reaching the 46,000 permits issued the previous year. With approximately 2,890 renewals remaining, including 291 applicants considering retirement, the bureau anticipates around 2,599 renewal applicants. Paguican emphasized the upcoming retirement deadline on January 31, urging business owners to comply to avoid penalties ranging from P1,000 to P5,000. She also advised on the required documentation for retirement, emphasizing the importance of submitting the necessary paperwork to facilitate the process......»»
Makati slams Taguig’s closure of sports facility
The city government of Makati City yesterday criticized Taguig’s “sudden” closure of the Makati Aqua Sports Arena (MASA), which left 4,400 students affected......»»
4 Makati employees sue Taguig city government
Four employees of the local government of Makati filed charges of illegal detention and grave coercion against the Taguig city government yesterday in connection with the locking of the disputed Makati Park and Garden on March 3......»»
Makati hits Taguig enforcers’ ‘forced entry’ in public park
The city government of Makati on Friday condemned the attempt of Taguig traffic enforcers to “forcibly” enter the Makati Park and Garden......»»
Philippine Infradev COO claims Makati Subway Project not very affected , that project will still continue
Philippine Infradev COO Georgina Monsod gave an interview with Hitoshi Iemura of Global Strategy Real Estate that was posted on Youtube on Nov. 28, 2023, where she spoke about the September court decision that altered the land distribution between Taguig and Makati, and about how that might impact INFRA’s crown jewel project, the Makati City Subway......»»
No extension: Tax filings to lift BIR collections to P406 billion in April
The Bureau of Internal Revenue is expecting to collect more than P400 billion this month, largely driven by the annual income tax return filing which will not be extended beyond April 15......»»