Advertisements


GOCC subsidies reach P7.6 billion from January to February

Subsidies extended by the national government to state-owned corporations amounted to P7.581 billion from January to February, lower than funding support provided in the same period last year, according to the Bureau of the Treasury......»»

Category: financeSource: philstar philstarApr 5th, 2021

GOCC subsidies hit P229 billion from January to November 2020

Subsidies received by state-run corporations rose to P228.7 billion in the first 11 months of 2020, boosted by the government’s funding support for various coronavirus pandemic response programs, according to the Bureau of the Treasury......»»

Category: financeSource:  philstarRelated NewsJan 4th, 2021

GOCC subsidies swell in 7 months

The government extended P187.5 billion in subsidies to state-run corporations from January to July, a sharp 189 percent increase from P64.99 billion in the same period last year, according to the Bureau of the Treasury......»»

Category: newsSource:  philstarRelated NewsAug 31st, 2020

BSP earnings surge over 5-fold to P24.6 billion

The Bangko Sentral ng Pilipinas earned P24.62 billion from January to February, more than five times the P4.54 billion booked in the same period last year on higher trading gains and operating income......»»

Category: newsSource:  philstarRelated NewsJun 17th, 2021

GOCC subsidies drop to P24 billion in April

Subsidies extended by the national government to state-owned corporations reached P23.9 billion in April, lower than the funding support provided in the same period last year, data from the Bureau of the Treasury showed......»»

Category: financeSource:  philstarRelated NewsJun 7th, 2021

Subsidies to GOCCs reach P11.5 billion in Q1

Subsidies extended by the national government to state-owned corporations reached P11.5 billion in the first quarter, lower than the funding support provided in the same period last year, according to the Bureau of the Treasury......»»

Category: financeSource:  philstarRelated NewsMay 10th, 2021

China’s foreign trade sustains growth momentum

The country’s total imports and exports of goods expanded 32.2 percent year on year to 5.44 trillion yuan (about 838.16 billion US dollars) in the January-February period. The post China’s foreign trade sustains growth momentum appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsMar 9th, 2021

GOCCs subsidies reach P230 billion in 2020

Subsidies extended by the national government to state-owned corporations reached a new record high of P230.418 billion in 2020 as funding support for various pandemic-response programs were ramped up, data from the Bureau of the Treasury showed......»»

Category: financeSource:  philstarRelated NewsMar 8th, 2021

Customs posts P50.9-B collection, surpassing target by P2.5-B in October

The Bureau of Customs announced Tuesday, Nov. 3, that it hit its monthly collection target for the month October by posting P50.9 billion total revenue. (MANILA BULLETIN FILE PHOTO) The total collected revenue is 5.2 percent or P2.5 billion higher than its P48.4-billion target for the month. In a statement, the bureau highlighted that it was the fifth consecutive month since June 2020 that they were able to reach their collection goal. According to the preliminary report from the Customs-Financial Service, seven out of the 17 collection districts exceeded their target for the month. These are the ports of Batangas, Manila, Zamboanga, Subic, Clark, Limay, and Cebu. Customs Commissioner Rey Leonardo Guerrero attributed the positive revenue collection performance to the improved valuation and intensified collection efforts of all the ports, as well as to the gradual improvement of importation volume. He added that the government’s effort in ensuring unhampered movement of goods domestically and internationally considering the pandemic situation is also vital in achieving the collection target.   Since January this year, the bureau has collected P448.950 billion, reflecting the 88.7 percent of the 2020 target collection pegged at P506.150 billion. Guerrero also commended the collective effort of the Customs personnel who, “despite the risk to their health and safety, showed their unwavering commitment and dedication to service.”.....»»

Category: newsSource:  mb.com.phRelated NewsNov 3rd, 2020

GOCCs subsidies hit P200 billion in 9 months

The national government has extended nearly P200 billion in subsidies to state-run firms from January to September to support their operations and coronavirus response efforts, according to the Bureau of the Treasury......»»

Category: financeSource:  philstarRelated NewsNov 1st, 2020

Debt payments reach P608 billion in 7 months

The government spent P608.26 billion from January to July to pay off its maturing debt, up 27.33 percent from P477.71 billion a year ago, according to the Bureau of the Treasury......»»

Category: financeSource:  philstarRelated NewsSep 13th, 2020

Inflation rate in EV increases to 2.8 percent in February 2021

Inflation Rate (IR) in Eastern Visayas increased to 2.8 percent in February 2021. This IR is 1.1 percentage points higher compared with the 1.7 percent IR in January 2021......»»

Category: newsSource:  samarnewsRelated NewsJul 22nd, 2021

Telehealth industry flourishing in Philippines...

Digital health platforms in the Philippines are expected to report a further surge in activity as the global telehealth market is expected to reach $19.5 billion by 2025......»»

Category: financeSource:  philstarRelated NewsJul 10th, 2021

AMLC: Suspicious deals reach P556 billion in 3 years

Covered persons filed suspicious transactions worth P556.24 billion over a three–year period, according to the Anti-Money Laundering Council......»»

Category: financeSource:  philstarRelated NewsJul 8th, 2021

BIR collects P995 million for Oplan Kandado

The government raised nearly P1 billion in taxes from January to May from more than 200 business establishments that it shut down for various violations in their operations......»»

Category: financeSource:  philstarRelated NewsJul 5th, 2021

Port of Davao collects 18.6 B pesos in revenues first half of 2021, surpasses target by 1.1 B

DAVAO CITY (MindaNews / 03 July) — The Port of Davao posted PhP 18.6 billion in revenues collected from January to June 2021, surpassing by PhP 1.1 billion its collection target of PhP 17.5 billion for the first half of the year. Atty. Erastus Sandino B. Austria, district collector of BOC-Davao, attributed the increase in […].....»»

Category: newsSource:  inquirerRelated NewsJul 4th, 2021

PhilHealth support boosts subsidies to GOCCs in May

Funding support for state-owned firms jumped by around 50 percent in May, as the government quadrupled its subsidies to the Philippine Health Insurance Corp. to P36.5 billion......»»

Category: financeSource:  philstarRelated NewsJun 27th, 2021

Global ad market is set to hit USD769.9 billion by 2024

Amid an intensifying race between companies to increase their advertising expenditure to boost profitability prospects, the global advertising market is set to reach USD769.9 billion by 2024, an industry expert has pointed out......»»

Category: newsSource:  samarnewsRelated NewsJun 16th, 2021

ABS-CBN, lenders agree on P14.56 billion mortgage registration

ABS-CBN Corp. said the company and its existing lenders have agreed on a P14.56 billion mortgage registration amount as part of the standstill deal it was able to reach with them......»»

Category: newsSource:  philstarRelated NewsJun 4th, 2021

COVID-19 loans for MSMEs reach P4.3 billion

Loans approved by the financing arm of the Department of Trade and Industry to assist micro, small and medium enterprises affected by the COVID-19 pandemic have reached P4.3 billion as of end-May......»»

Category: financeSource:  philstarRelated NewsJun 3rd, 2021

ABB supplies Southeast Asia& rsquo;s largest battery energy storage system

With the global energy storage system market expected to reach $17.9 billion by 20271, battery energy storage systems (BESS) are emerging as the strongest solution to increase grid flexibility and reliability. .....»»

Category: techSource:  thestandardRelated NewsJun 2nd, 2021