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402 POGO hubs have expired licenses’
At least 402 Philippine offshore gaming operator hubs in the country have expired licenses, according to the Philippine Anti-Organized Crime Commission......»»
What impact could a potential POGO ban have on the REITs?
I got this question in response to news that the House of Representatives approved two measures that seek to ban POGOs in the Philippines. POGOs, or Philippine Offshore Gaming Operators, are licensed and monitored by the Philippine Amusement and Gaming Corp., and have been controversial since their presence exploded during Rodrigo Duterte’s term as president......»»
House panel Oks proposed POGO ban
Efforts to ban Philippine offshore gaming operators in the country have gained ground at the House of Representatives after a committee yesterday approved two measures on this......»»
FEF bucks proposal to restore NFA power
The Foundation for Economic Freedom is opposing the proposal to bring back the power of the National Food Authority to import and sell rice to consumers, saying this would reverse the gains from the reforms in the country’s rice policy......»»
Choco Mucho bucks Creamline curse
Choco Mucho’s Creamline curse has ended......»»
Hsuan bucks tough greens, shows way with 68
Chinese-Taipei’s Hsuan Chen finished strong and carded a four-under 68 in scorching conditions to grab a one-stroke lead over Thai Queen Meesom-us in the first round of the $100,000 ICTSI Luisita Ladies International 2024 yesterday......»»
Hotel group bucks legislated wage increase
The proposed legislated wage increase would hurt the tourism industry, particularly hotels still grappling with the effects of strict pandemic restrictions enforced four years ago, a business group declared......»»
Patrick Beverley reveals own trade; Knicks, Thunder make big additions
Patrick Beverley announces he’s heading to the Milwaukee Bucks as the New York Knicks and Oklahoma City Thunder make the biggest splashes on NBA trade deadline day.....»»
Lee bucks shooting woes as Magnolia closes in on ending finals drought
Paul Lee bails Magnolia out with a clutch shot as the Hotshots move on the verge of their first PBA finals appearance since the 2021 Philippine Cup.....»»
TCC Invitational: Tabuena bucks strong winds, leads with 76
In the windswept terrain of The Country Club, Miguel Tabuena faced the tempest head-on and remained in command despite a 76 as his rivals also came in ruffled by the winds......»»
Vice President Sara bucks Cha-cha moves: Guard the Constitution
Rejecting the people’s initiative to amend the 1987 Constitution is “to guard the Constitution,” Vice President Sara Duterte said yesterday, as she joined the pushback against the move seen as “tainted” by reports of bribery by its proponents......»»
DOF: GFIs can seek extended relief after Maharlika infusion
Government financial institutions Land Bank of the Philippines and Development Bank of the Philippines will likely seek an extension of its regulatory relief following contributions to the country’s sovereign wealth fund......»»
DOF mulls mining tax tweaks for royalties, windfall profits
The Department of Finance is pushing for higher rates and fewer tiers in taxing the extractive sector, but the mining industry argued that the proposed structure would make the sector more uncompetitive......»»
DOF finalizing P55.7 billion loan for Metro Manila subway
The government targets to secure P55.7 billion in loans from the Japanese government for the third tranche of financing for the Metro Manila Subway Projects by March......»»
DoF considering IPOs for LandBank, DBP
The Philippine News Agency reported that the Department of Finance, under new Secretary Ralph Recto, is “exploring amendments to the charters of the Land Bank of the Philippines and Development Bank of the Philippines”, which Mr. Recto said could include “their possible public listing, to broaden the local capital market.”.....»»
DOF drops income tax hike for dividend income
The Department of Finance revised the proposed Passive Income and Financial Intermediary Taxation Act to drop a planned increase in the income tax rate for dividend income......»»
Tax credit scam: 5 ex-DOF execs get 8 years
The Sandiganbayan has affirmed the conviction of five former officials of the Department of Finance for graft over the multibillion-peso tax credit scam in the 1990s......»»
DOF limits tax-exempt status for pickup trucks
The Department of Finance is pushing for only one kind of pickup truck to remain tax-exempt as it insists on the removal of special excise treatment on all other types......»»
British Chamber pushes for Anti-Agricultural Smuggling Act, lauds appointment of Recto as DOF Secretary
BCCP Executive Director/Trustee Chris Nelson reiterates support for the passage of the Anti-Agricultural Smuggling Act, one of the key priority legislation under the Marcos administration......»»
Rep. Ralph Recto itinalagang bagong finance secretary
MAY napili na si Pangulong Bongbong Marcos na bagong uupong hepe para sa Department of Finance (DOF). Kinumpirma ng Malacañang na ang itinalagang bagong finance secretary ay ang Deputy Speaker at Batangas Representative na si Ralph Recto. Ayon kay Presidential Communications Office Secretary Cheloy Garafil, nakatakdang manumpa sa pwesto si Rep. Ralph ngayong January 12......»»