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......»»
DOF moves to plug excise tax leakages
The Department of Finance (DOF) is moving to address the gap in excise tax collection, particularly of sin products, amid the still rampant illicit trade......»»
British chamber remains optimistic on UK-Philippines trade growth
With the total trade in goods and services reaching an all-time high of £3.0 billion, BCCP Executive Director/Trustee Chris Nelson expressed optimism on the positive growth trajectory of the UK and the Philippines’ bilateral trade......»»
Philippines eyes $3.82 million sales from German trade fair
The Philippines is targeting to generate $3.82 million in sales from its participation in an international consumer goods trade fair in Germany, according to the export promotions arm of the Department of Trade and Industry......»»
Revenue loss due to PIFITA may hit P126 billion
The government may have to forgo P126 billion in revenues over the next five years from the remaining tax reform package that seeks to simplify the tax system......»»
InLife 2023 parent company revenues, net income and assets up; records strong 2024 1Q performance
Its 2023 revenues increased by 12% to P24.82 Billion from 22.03 Billion in 2022. Its net income slightly increased by 1.2% to P2.64 Billion compared to P2.61 Billion in 2022. InLife’s Parent Company’s assets increased by 4.3% to P153.54 Billion from P147.17 Billion in 2022. .....»»
Strong residential sales, Malland Hotel revenues boost Megaworld’s Q1 profit
Strong residential sales, Malland Hotel revenues boost Megaworld’s Q1 profit.....»»
Pampanga records P1B quarry revenues in 2023
Pampanga records P1B quarry revenues in 2023.....»»
PHL gross gaming revenues breach P200B in 2 straight years
PHL gross gaming revenues breach P200B in 2 straight years.....»»
Megaworld Hits Record Financial Performance in 2023, Income up 26% to P19.4 Billion
Megaworld Corporation, the country’s premier township developer, achieved a landmark milestone in its financial performance for the year 2023 as its full-year net income surged by 26% to P19.4 billion. Its consolidated revenues, on the other hand, rose by 17% to P69.7 billion. Net income attributable to the parent company’s shareholders also jumped by 29% […].....»»
Gokongweis dream big, launch ‘The Jewel’ to match Marina Bay Sands, Twin Towers, Taipei 101
Robinsons Land CEO Lance Gokongwei tells Rappler the Philippines will be proud of the P25-billion 'The Jewel' project along EDSA that they hope will become an architectural icon.....»»
IT-BPM revenue hits $35.5 billions
Revenues of the information technology-business process management industry climbed by more than nine percent to hit $35.5 billion in 2023 from $32.5 billion in 2022......»»
Charter Day bonus for gov’t employees may be more than P25k
CEBU CITY, Philippines – Casual and regular employees of the Cebu City government may receive a Charter Day bonus exceeding P25,000. This was revealed by Cebu City Councilor Noel Wenceslao, who chairs the committee on budget and finance. In an interview over a Teleradyo program earlier this week, Wenceslao mentioned the possibility of city hall.....»»
EDITORIAL - Foreign trade barriers
Instead of declaring war on pollster Pulse Asia over its latest survey showing 88 percent of Filipinos opposing Charter change, congressmen can read the report of the office of the US Trade Representative, which details foreign trade barriers in 59 markets including the Philippines......»»
‘Trade with China should continue’
The Philippines should continue to pursue stronger trade ties with China despite rising tensions in the West Philippine Sea, according to the Federation of Filipino-Chinese Chambers of Commerce and Industry Inc. and the Department of Trade and Industry......»»
NZ-EU FTA gains Royal Assent for 1 May entry to force
The European Union Free Trade Agreement Legislation Amendment Bill received Royal Assent today, completing the process for New Zealand's ratification of its free trade agreement with the European Union. "I am pleased to announce that today, in a small ceremony at the Beehive, New Zealand notified the European Union of our ratification of the New Zealand European Union Free Trade Agreement (NZ-EUFTA)......»»
Malaysia holds historic biz market footprint in city
CONSIDERING the business climate and unique geographic position of Davao City, the Malaysia External Trade Development Corporation (Matrade) under the trade promotion agency of the Ministry of Investment, Trade and Industry (MITI) has set a historic business market footprint in the city through the Market Immersion Mission, making Davao one of their smart cities in the country, alongside the Philippine’s capital region, Manila......»»
BOC creates body to solve trade woes
The Bureau of Customs has established an advisory council that aims to address trade bottlenecks and enhance trade facilitation among importers and business groups amid a changing global environment......»»
French Farmers Protest Unfair Competition in EU Free-Trade Agreements
French Farmers Protest Against Unfair Trade Agreements Imposed by EU French farming unions have taken to the streets to protest against free-trade agreements imposed by.....»»
Packaging trade show to support MSME development efforts – DTI
The Regional Operations Group of the Department of Trade and Industry expressed support for the upcoming ProPak Philippines trade show, emphasizing its potential to offer opportunities for innovation and improvement in product processing and packaging to micro, small and medium enterprises......»»
North Korea sends 600 more trash-filled balloons over border
SEOUL, South Korea — North Korea has sent around 600 more trash-filled balloons containing everything from cigarette butts to plastic across the border, Seoul’s military said Sunday, adding that security personnel were collecting them as they landed. “North Korea has resumed launching waste balloons towards South Korea,” since around 8 p.m. Saturday evening, Seoul’s Joint.....»»