Government loses P25 billion revenues from illicit cigarette trade
The Bureau of Internal Revenue said revenue losses from the illicit cigarette trade stood at P25.5 billion in 2023 and P6.6 billion as of April this year......»»
Stiffer sanctions on cigarette smuggling to boost revenues
The impending enactment of a law that would slap more penalties and make cigarette smuggling a non-bailable offense is seen plugging massive losses of the government as illicit tobacco trade continues to grow at alarming levels......»»
BIR seizes P5.4 billion worth of illicit cigarettes
The trade of illicit cigarettes remains a problem with the Bureau of Internal Revenue unearthing P5.4-billion in tax liabilities from its latest operation......»»
SM Prime expects to raise P25 billion from bond issue
Sy-led integrated property developer SM Prime Holdings Inc. is gearing up to raise as much as P25 billion from a proposed bond offering to fuel its expansion......»»
Government t sees more revenue from e-cigarette taxes
The domestic electronic cigarette and vape industry are expected to contribute in hitting the government’s revenue collection goal, as players are urged to pay the right taxes amid Filipinos’ shift to alternative smoking......»»
Filinvest holding firm allots up to P25 billion for 2024 capex
Filinvest Development Corp., the investment holding company of the Gotianun family, plans to invest as much as P25 billion this year to expand its presence in real estate and power generation, as well as support its ongoing digitalization efforts......»»
MMDA: 82 percent of litterbugs threw away cigarette butts
Of at least 15,785 people apprehended for littering in Metro Manila last year, around 82 percent or 12,918 were accosted for tossing cigarette butts on the street, according to the Metropolitan Manila Development Authority......»»
Stronger vape regulation sought to protect consumers, boost revenues
Amid the rampant smuggling and illicit trade of e-cigarettes, a consumer group is pushing for stronger regulation of the vape industry to safeguard consumers from potential harm and maximize government revenue from legal sales......»»
BOC rakes in P73 billion in revenues in January
The Bureau of Customs is off to a good start this year after it collected P73 billion in revenues in January on enhanced valuation and improved trade facilitation......»»
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......»»
P25/kilo rice reaches more households in NegOcc
P25/kilo rice reaches more households in NegOcc.....»»
Philippines total external trade up 9.7 pct in February
MANILA, April 11 (Xinhua) -- The Philippines' total external trade in goods increased by 9.7 percent in February to 15.46 billion U.S. dollars, the Philippine Statistics Authority (PSA) said on Thursday. Of the total external trade in February, 61.8 percent were imported goods, while the rest were exported goods, the agency said. The PSA said the deficit of trade in goods amounted to 3.65 billion dollars,.....»»
Philippines external trade drops 2.1 pct in January
MANILA, March 12 (Xinhua) -- The Philippines' total external trade in goods declined 2.1 percent year-on-year in January to 16.09 billion U.S. dollars, the Philippine Statistics Authority (PSA) said on Tuesday. Of the total external trade in January, 63.1 percent were imported goods, while the rest were exported goods, the agency said. The PSA said trade deficit in January amounted to 4.22 billion dollars.....»»
‘High-level’ US trade mission to arrive in PH next week
MANILA, Philippines — The Department of Trade and Industry announced that a “high-level” US trade delegation is arriving next week to enhance “commercially meaningful partnerships.” According to DTI Foreign Trade Service Officer Jollan Llaneza, the delegation, led by US Commerce Secretary Gina Raimondo, will meet with President Ferdinand Marcos Jr. and Trade Secretary Alfredo Pascual......»»
Trade Minister heads to Abu Dhabi for key WTO negotiations
Trade Minister Todd McClay travels to Abu Dhabi in the United Arab Emirates for the 13th Ministerial Conference of the World Trade Organisation (WTO) today, to take up his role as Vice Chair of the negotiations.The Ministerial Conference is the highest decision-making body within the WTO and meets every two years. Trade ministers will negotiate the reform of agriculture trade rules, E-commerce, fisheries subsidi.....»»
Trade deficit narrows to $4 billion in December
The country’s trade deficit narrowed in December as both exports and imports declined, bringing the full-year 2023 trade gap to $52.42 billion, down from the previous year’s shortfall of $57.65 billion, the Philippine Statistics Authority said......»»
La Union posts P1 billion in tourism revenues
The provincial government of La Union recorded P1.04 billion in tourism revenues last year......»»
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......»»
Philippines total external trade shrinks by 15.4 pct in March
MANILA, May 8 (Xinhua) -- The Philippines' total external trade in goods recorded a year-on-year decrease of 15.4 percent in March to 15.44 billion U.S. dollars, the Philippine Statistics Authority (PSA) said on Wednesday. Of the total external trade in March, 60.3 percent were imported goods, while the rest were exported goods, the agency said. The PSA data showed the trade deficit in March amounted to 3.....»»
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......»»
Philippines total external trade drops by 5.4 pct in November
MANILA, Jan. 10 (Xinhua) -- The Philippines' total external trade in goods declined by 5.4 percent in November 2023 to 16.95 billion U.S. dollars from 17.92 billion dollars in November 2022, the Philippine Statistics Authority (PSA) said Wednesday. Of the total external trade in November 2023, 63.8 percent were imported goods, while the remaining were exported goods, the PSA said. The PSA said the balance.....»»