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BIR doubles down on vape industry
The Bureau of Internal Revenue is ramping up efforts to monitor the vape industry after scoring a major win in a P1.2-billion tax evasion case......»»
House panel OKs tax breaks for companies hiring senior citizens
Under the bill, companies hiring elderly workers can avail of a 25% tax reduction of the amount paid to salaries, wages and benefits and trainings for senior citizens. .....»»
Tax revenues jump to P3.4 trillion
The country’s tax revenues rose by five percent to hit P3.38 trillion as the government ramped up its tax administration and digitalization program......»»
‘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......»»
New finance chief eyes carbon tax
Newly installed Finance Secretary Ralph Recto is pursuing the tax reform proposals of his predecessor, starting with the imposition of a carbon tax in a bid to generate additional revenues and address environmental concerns......»»
Abalos warns colorum PUV operators of hefty fines
Interior Secretary Benhur Abalos has warned operators of colorum public utility vehicles of up to P1 million in fines as the government cracks down on unauthorized PUVs......»»
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......»»
BIR expands list of VAT-exempt medicines
The Bureau of Internal Revenue has issued an updated list of value-added tax or VAT-exempt medicines for diseases such as cancer, hypertension and diabetes......»»
ICT FY23 net income down 17% to US $511-M
International Container Terminal Services, the multi-national port operator owned by Enrique Razon, posted FY23 net income of $511 million, which was down 17% from FY22’s $618 million due to a “non-recurring and non-cash impairment of goodwill” related to ICT’s acquisition of Pakistan International Container Terminal, and to various other increases in expenses and liabilities......»»
BSP execs still highest paid in government – COA
Executives of the Bangko Sentral ng Pilipinas have dominated anew the Commission on Audit (COA)’s annual list of highest paid government officials, with BSP Governor Eli Remolona Jr. topping the list with a net pay of P35.48 million last year......»»
BSP officials highest paid gov t officials in 2023 — COA
Officials of the Bangko Sentral ng Pilipinas were the top highest paid officials in 2023, according to a recent report of the Commission on Audit released on Thursday......»»
World paid little attention to Sudan s war for a year. Now aid groups warn of mass death from hunger
World paid little attention to Sudan s war for a year. Now aid groups warn of mass death from hunger.....»»
Yogi Ruiz: Salaries, incentives for City Hall employees must be paid on time
CEBU CITY, Philippines — Job order (JO) employees at the Cebu City Hall have not been paid their salaries from January to March 2024. They have not also received their share of the Charter Day incentive amounting to P5, 000 each. Councilors Noel Wenceslao and Nestro Archival have raised a concern on the delay in.....»»
Ivana Alawi to give away all-expense paid trip to Taylor Swift Singapore concert
Actress Ivana Alawi is giving away a VIP ticket and an all-expense paid trip to Singapore for Taylor Swift's "The Eras Tour" concert. .....»»
With closure of Sky Cable, ANC offers paid subscription online in bid to stay afloat
The ABS-CBN News Channel pivots to paid subscription on YouTube as it stands to lose financial support arising from Sky Cable's closure.....»»
Ivana mamimigay ng ‘all-expense paid trip’ sa Singapore para sa Eras Tour
ANG bongga ng bagong paandar ng Kapamilya sexy actress-vlogger na si Ivana Alawi para sa kanyang mga fans at social media followers. In-announce ng YouTuber na pipili siya ng isang lucky Taylor Swift fan na makakatanggap ng all-expense paid trip sa Singapore para sa “Eras Tour” ng American singer-songwriter. Ibinandera ni Ivana sa kanyang.....»»
Health and Wellness Products are Booming in Cebu Amid Post-Covid Scenario
The sale of health and wellness-related products is booming in Cebu as the country continues to reel from the effects of the COVID-19 pandemic some three years ago. And this is why an exporter couple from Cebu invested in these products diversifying their existing business into a retail market for health equipment. Owners Paul and […].....»»
SEC cracks whip on bogus Ayala firms
A group posing as part of the Ayala Group and soliciting investments from the public has been ordered to stop its fraudulent operations by the Securities and Exchange Commission......»»
Portion of Osmeña Blvd. closed due to skywalk removal
CEBU CITY, Philippines —A portion of Osmeña Blvd. was ‘temporarily closed’ from the corner of Fuente Osmeña Circle to the Arlington Pond intersection starting Thursday, Feb. 15, 2024. This closure is due to the presence of concrete cracks and falling debris from the Fuente skywalk, as the contractor is removing roofings and railings. With the.....»»
DPWH tallies 268 gov’t and school buildings partially destroyed in Hinatuan quake
The Department of Public Works and Highways (DPWH) in Davao Region reported that a total of 268 school and national government buildings were partially destroyed by the magnitude 7.4 earthquake that struck Hinatuan, Surigao del Sur on December 2. The estimated damage amounted to P108,497,894.84 for school buildings and P1,899,365.60 for national government buildings. The damages included cracks on walls and falling debris such as ceilings. According to Engr. Alexander Turingan of DPWH XI, there were no reported damages in Davao Occidental and Davao del Sur. Franz Irag, Office of Civil Defense (OCD) XI operations head, emphasized the importance of addressing damages to school buildings, which also serve as evacuation centers during calamities. Dean Ortiz, spokesperson of DPWH XI, highlighted the agency's focus on national roads and bridges, clarifying that they will respond to requests to inspect private and government buildings. Architect Kashagar Toghyani, officer-in-charge of the Office City Building Official (OCBO) of Davao City, urged private building owners to promptly engage professional engineers to assess structural integrity, especially for buildings housing more than 10 individuals. He emphasized the necessity of fire inspections and transparency with building occupants to ensure their safety. The recent earthquakes did not affect government buildings in the Davao Region, and DPWH is committed to conducting thorough assessments and ensuring the safety of buildings and their occupants in the aftermath of the quake......»»