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BIR eyes P325 billion from excise taxes
The Bureau of Internal Revenue targets to collect higher excise taxes of up to P325 billion this year as the government moves to improve the regulatory environment and address the still rampant illicit trade......»»
P12 billion cash aid to rice farmers fully distributed by June – Department of Agriculture
The Department of Agriculture (DA) targets to complete the distribution of P12.09 billion cash assistance to nearly 2.4 million rice farmers by the end of the first half after the program was hindered by last year’s election ban......»»
A Brown targets P1.5 billion from preferred share sale
A Brown Co. Inc. is targeting to raise up to P1.5 billion from the sale of preferred shares......»»
Gaming revenues beat target, hit record P285 billion in 2023
The local gambling industry continued to take advantage of increased operational capacity, with its gross gaming revenues exceeding targets and hitting a record P285 billion in 2023......»»
PPA targets P5 billion dividends in 2024
The Philippine Ports Authority plans to increase its contribution to the government to as much as P5 billion this year to retain its position as one of the highest remitters among state-run firms......»»
IOC denies Manny Pacquiao exemption to box at Olympics
(Photo credit: Stephen R. Sylvanie-USA TODAY Sports) The International Olympic Committee said former world champion boxer Manny Pacquiao cannot compete for the Philippines at this year's Olympic Games in Paris. Pacquiao, 45, retired in 2021 but sought to box for his country at the Olympics. The IOC's age limit for boxers is 40. The Philippines asked for an exception based on the "universality" entry rule, in which a nat.....»»
IOC denies Manny Pacquiao exemption to box at Olympics
(Photo credit: Stephen R. Sylvanie-USA TODAY Sports) The International Olympic Committee said former world champion boxer Manny Pacquiao cannot compete for the Philippines at this year's Olympic Games in Paris. Pacquiao, 45, retired in 2021 but sought to box for his country at the Olympics. The IOC's age limit for boxers is 40. The Philippines asked for an exception based on the "universality" entry rule, in which a nat.....»»
HSBC bullish on Philippine economy
British banking giant HSBC is targeting to boost its financial services, onboard more affluent clients into its wealth management business and increase its lending capabilities in the country as it sees huge opportunities for the Philippines in the coming years......»»
HSBC bullish on Philippine economy
British banking giant HSBC is targeting to boost its financial services, onboard more affluent clients into its wealth management business and increase its lending capabilities in the country as it sees huge opportunities for the Philippines in the coming years......»»
HSBC bullish on Philippine economy
British banking giant HSBC is targeting to boost its financial services, onboard more affluent clients into its wealth management business and increase its lending capabilities in the country as it sees huge opportunities for the Philippines in the coming years......»»
Lending startup unveils credit card for Gen Zs
Technology startup firm Zed Philippines Inc. has launched a Mastercard Titanium credit card with zero interest, zero foreign transaction fees and no annual charges, aiming to roll out these cards to the market within the coming months......»»
Shooting: Angry man shoots debt collector in San Fernando
CEBU CITY, Philippines – A furious 76-year-old man from San Fernando town, southern Cebu shot the lady collector of his lending business for neglecting her job. The man whom witnesses said was angered by the apparent negligence of his collector who was seen engaging in a drinking spree, also attempted to kill himself on Monday.....»»
Agriculture loans hit P213 billion in 2022
The share of agriculture loans and services granted by the banking sector picked up to 18.1 percent in 2022 from 17.6 percent in 2021 as the agriculture industry slowly recovered from the COVID pandemic......»»
Not in aid for election
The well-intentioned ayuda of the government that targets to tide over inflation-impacted middle income families will remain under a cloud of uncertainty without an enabling law. In particular, this will be the fate of the P26.7-billion Ayuda para sa Kapos ang Kita Program that has become the bone of contention of lawmakers feuding over alleged use of the newest ayuda program of the government to push Charter change......»»
Approved foreign investments into Philippines fall 63.6 pct in Q1
MANILA, May 16 (Xinhua) -- The approved foreign investments into the Philippines in the first quarter of 2024 reached 148.43 billion pesos (roughly 2.59 billion U.S. dollars), marking a 63.6 percent decrease year over year, the Philippine Statistics Authority (PSA) said on Thursday. The statistics agency said Singapore posted the highest investment commitment, amounting to 70.06 billion pesos (1.22 billion dolla.....»»
MacroAsia FY23 profit: P1.1-B (up 132%)
MacroAsia posted an FY23 net income of P1.07 billion, up 132% from its FY22 net income of P0.46 billion, lifted by a 74% increase in in-flight catering revenues to P3.98 billion and a 53% increase in ground handling and aviation services to P3.14 billion......»»
MacroAsia FY23 profit: P1.1-B (up 132%)
MacroAsia posted an FY23 net income of P1.07 billion, up 132% from its FY22 net income of P0.46 billion, lifted by a 74% increase in in-flight catering revenues to P3.98 billion and a 53% increase in ground handling and aviation services to P3.14 billion......»»
Filinvest cleared to sell P10 billion fixed bonds
Gotianun-led Filinvest Development Corp. received yesterday its permit to sell up to P10 billion in fixed bonds consisting of a base offer of P7 billion and an oversubscription option of P3 billion......»»
Philippine remittances rise by 2.9 pct in November
MANILA, Jan. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3 billion U.S. dollars in November 2023, 2.9 percent higher than the 2.9 billion dollars recorded in November 2022, the Philippine central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the cumulative personal remittances grew by 2.9 percent to 33.6 billion dollars in the first 11 months of 2023 from 32.6 billion dolla.....»»
Philippine remittances rise by 2.9 pct in November
MANILA, Jan. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3 billion U.S. dollars in November 2023, 2.9 percent higher than the 2.9 billion dollars recorded in November 2022, the Philippine central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the cumulative personal remittances grew by 2.9 percent to 33.6 billion dollars in the first 11 months of 2023 from 32.6 billion dolla.....»»