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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......»»
Gov’t debt stock rose to P14.79 trillion as of Jan
MANILA, Philippines — The government’s outstanding debt rose in January due to a weak peso and after the Marcos administration borrowed more from local creditors than what it paid for its maturing liabilities, the Bureau of the Treasury (BTr) reported Friday. Data showed state obligations increased 1.9 percent month-on-month to P14.79 trillion as of January. ALSO READ:.....»»
Liloan shooting: Gang war, personal grudge, love triangle eyed as possible motive
CEBU CITY, Philippines – Liloan police are investigating into gang dispute, personal conflict, or love triangle as three possible reasons for the shooting in Barangay Yati, Liloan town, northern Cebu, early on Thursday morning, May 9. The incident occurred past 3 a.m. and resulted in the death of a 16-year-old girl, with two other minors,.....»»
Cebu City police probe habal-habal driver’s possible involvement in crimes
CEBU CITY, Philippines – Cebu City police are looking into the possible involvement of a habal-habal driver, who was caught with an unregistered firearm during a checkpoint on Monday, April 1, in previous crimes, including the illegal drug trade. Police Major Henry Savior Orbiso, chief of Parian Police Station, told CDN Digital that they will.....»»
House panels approve enhanced discounts for seniors, PWDs
Three House committees yesterday approved three bills that would enhance discounts, incentives and tax exemptions for senior citizens and persons with disabilities......»»
Busay accident: Drunk driver crashes into house, injuring 2 people
CEBU CITY, Philippines – A 54-year-old man crashed his pickup truck into a store and house in Lower Busay, Cebu City on Wednesday afternoon, May 15, 2024, while drunk. The accident, which occurred around 4:30 p.m., injured two people. The driver, Nemesio Lat Libit, 54, from Barangay Mabolo, Cebu City, was taken to the police.....»»
Man nabbed after breaking into neighbor s house and witnessing 'ghosts' entering
Man nabbed after breaking into neighbor s house and witnessing 'ghosts' entering.....»»
Python caught sneaking into house in Mandaue
Python caught sneaking into house in Mandaue.....»»
ADB: Carbon tax has potential in Philippines
The possibility of a carbon tax has potential in the Philippines, but such a measure must be market-driven and appropriate for the needs of a country still heavily reliant on fossil fuels......»»
4 ex-tax mappers pay of Cebu City ‘signed’ but…
CEBU CITY, Philippines – The payrolls have been signed and salaries are now being processed, but it is still not enough. The payroll for four Cebu City regular government employees and former tax mappers has been signed and is now in the process of releasing their salaries, which have been pending for 10 months. However,.....»»
Former Cebu City Hall tax mappers not to blame for salary delay
Former Cebu City Hall tax mappers not to blame for salary delay.....»»
BIR delays 1 percent withholding tax on online sellers
The Bureau of Internal Revenue has deferred the imposition of the one percent withholding tax on online platform providers to mid-July instead of mid-April to allow adjustments among taxpayers......»»
EDITORIAL - Taxes and governance
It’s tax filing month, and the government as usual launched a campaign to inform the public about meeting the deadline for filing tax returns......»»
Tax Notes: ITR filing 2023: Extended banking hours, bank acceptance of tax returns on Saturdays, out-of-district filing
Tax Notes: ITR filing 2023: Extended banking hours, bank acceptance of tax returns on Saturdays, out-of-district filing.....»»
CGBP training program on tax rights, remedies
The Center for Global Best Practices will host a special online training titled “Tax Rights and Remedies for SMEs and Large Taxpayers” on April 18 and 19, from 9 a.m. to 12 p.m. via Zoom......»»
Recto bats for tax, tariff relief for hybrids
Finance Secretary Ralph Recto is in favor of granting reduced excise tax and preferential tariff to hybrid vehicles......»»
Energy specialist backs tax breaks for e-motorcycles
Giving tax incentives to e-motorcycles is justified because of their proven contribution in reducing carbon emissions, a specialist from the Department of Energy (DOE) said......»»
No objections for e-motorcycle tax breaks in EO12 review
Views and position papers elicited from government agencies and EV industry stakeholders for the revision of an executive order have offered no objection to the inclusion of e-motorcycles in the tax incentives......»»
CA approves ad interim appointment of Recto
The Commission on Appointments approved yesterday the ad interim appointment of Finance Secretary Ralph Recto, who vowed to plug tax leaks, improve tax administration and prevent wasteful expenditures......»»
DOJ sues firm for tax evasion
The Department of Justice has filed criminal charges against a company for evading tax payment by using fake receipts......»»