BIR collections breach P1 trillion, surpass target
The Bureau of Internal Revenue collected more than P1 trillion in taxes as of end-June, surpassing its target by over P16 billion, as the agency improves its performance to beef up the government’s resources for pandemic response......»»
Milk tariff collections rise by 31% to P2.4 billion
Revenues raised by the government from various imported milk products jumped by 31 percent to P2.36 billion in 2023, the highest in at least eight years, from P1.8 billion in 2022......»»
ANZ raises Philippine inflation forecast to 3.8% this year
ANZ Research hiked its inflation forecast for the Philippines to 3.8 percent this year, from 3.5 percent previously, as risks may drive inflation up to above the central bank’s two to four percent target in the coming months......»»
S& P: Philippines may miss growth goal this year
S&P Global Ratings sees the Philippines again missing its growth targets this year as it kept its gross domestic product growth forecast at 5.9 percent. While the projection is better compared to other economies in the region, it is again below the government’s 6.5 to 7.5 percent growth target......»»
ICT spending in AsPac reaches $1.3 trillion in 2023
Information and communications technology spending in Asia and the Pacific reached the $1.3 trillion mark in 2023, as companies increased their investments on automation and cloud to survive and thrive in the digital era......»»
Dovish Powell lifts markets to historic highs
Last week, US equities reached new all-time highs, thereby lifting global stock markets. This came on the back of Federal Reserve (Fed) Chair Jerome Powell’s dovish policy statement. In that speech, Powell touted considerable progress in bringing down inflation, notwithstanding the bumps in the road toward the two percent target......»»
Tough love: La Salle captain Coronel takes De Jesus criticism in stride amid steady rise
Often the target of helpful criticism by legendary La Salle coach Ramil de Jesus, Lady Spikers captain setter Julia Coronel bravely absorbs his lessons as she leads their title defense.....»»
U.S. Measles Cases Surpass 2023 Levels, C.D.C. Says – The Daily Guardian
The Daily Guardian – Measles Cases on the Rise in the United States Measles cases in the United States have been steadily increasing this year,.....»»
Creative economy grows to P1.72 trillion
The value of the country’s creative economy rose by 6.8 percent in 2023 from a year ago as the sector employed more people, according to the Philippine Statistics Authority......»»
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......»»
Wilcon ramps up expansion to hit 100-store goal this year
Home improvement and construction supplies retailer Wilcon Depot Inc. is ramping up its expansion this year to hit its 100-store target......»»
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......»»
January 2024 Filipino tourist arrivals in Hong Kong breach pre-pandemic numbers
Filipino tourist arrivals in Hong Kong,China just surpassed the pre-pandemic numbers for the month of January......»»
Financial system resources up 9 percent in January
The total resources of the country’s financial system continued to breach the P30-trillion level, rising by almost nine percent as of end-January, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed......»»
Exploring the New Extremism Definition and Potential Groups on the List
The Daily Guardian In a shocking discovery, a newly uncovered cybersecurity breach has exposed the sensitive information of thousands of individuals. Hackers were able to.....»»
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.....»»
DBM: Infrastructure, capital expenditures breach P1 trillion
Expenditures of the national government for infrastructure and other capital outlays grew to P1.02 trillion from January to November 2023 from only P861.8 billion in the same period in 2022, according to the Department of Budget and Management......»»
DepEd checking data breach after hacking
The Department of Education is examining its systems for possible data breaches after reports of hackers allegedly harvesting 750 gigabytes of data containing sensitive information on banking details, students, teachers and more......»»
DepEd verifying reports of data breach
DepEd Undersecretary and Spokesperson Michael Poa said that they have directed DepEd field offices to “run diagnostics” and “verify if there was indeed a hack.”.....»»
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......»»
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......»»