Philippines wraps ITB Berlin with P489-M projected revenue
The Philippines concluded its participation in the Internationale Tourismus-Börse (ITB) Berlin 2024 in Germany last month, drumming up sales leads with projected revenue amounting to over P489 million......»»
Baguio City LGU presents traffic plan for holiday season
BAGUIO CITY, Dec. 17 (PNA) — Baguio City Mayor Mauricio Domogan on Thursday said that a traffic scheme has been prepared to respond to the projected influx of tourists during the Christmas........»»
Chinese economy to moderate in 2024: ADB
Manila [Philippines], April 12 (ANI): The Chinese economy is forecast to grow 4.8 per cent in 2024, amid a recovery of household consumption, ongoing property market adjustment, and weak external demand, according to the latest report published by the Asian Development Bank (ADB). The growth in the Asian economy is projected to moderate from a 5.2 per cent expansion last year. An uncertain external macroeconomic environme.....»»
Philippines to import less rice this year – USDA
The United States Department of Agriculture (USDA) has lowered its rice import forecast for the Philippines to 3.9 million metric tons (MT) as it expects the country to have a better harvest than earlier projected......»»
China s rocket debris likely off Ilocos Sur, Catanduanes coasts, says PhilSA
In an advisory, PhilSA said that rocket debris was projected to have fallen within the identified drop zones located around 78 nautical miles from Vigan in Ilocos Sur as well as 194 nautical miles and 332 nautical miles from Panay Island in Catanduanes. .....»»
Constitutional authoritarianism
The elder Ferdinand Marcos, brilliant lawyer that he was, projected himself as a law-abiding person......»»
Dutertes turn anti-chacha rally into Marcos bashing platform
What was projected as a “prayer rally” in Davao City to protest charter change via people’s initiative last Sunday turned into a platform for the Dutertes to attack the Marcos administration, signifying a rift in the Unity tandem......»»
‘Philippine banks to ride wave of robust economic growth’
The projected robust economic growth this year could shape up into a better year for Philippine banks, S&P Global Ratings said......»»
Union Bank board approves P10-B stock rights offering
The board of directors of Union Bank approved a plan to conduct a stock rights offering to raise up to P10 billion to “fund the capital infusion to UnionDigital” and for “projected retail loan availments”......»»
Meralco expects energy sales to grow this year
Despite a projected slowdown in demand from the commercial segment, the Manila Electric Co. (Meralco) still expects its energy sales to improve by 4.5 percent this year......»»
VP Sara ready to face ICC charges only before a Filipino court
Vice President Sara Duterte expressed her readiness to confront any allegations against her but insisted that she would only do so in front of a Filipino judge and within the jurisdiction of a Filipino court. In a statement on her Facebook page, she emphasized her refusal to participate in any process that could tarnish the reputation and integrity of the Philippine judiciary system. Duterte adamantly opposed the involvement of foreign entities in the country's legal affairs, citing it as a dishonor to the sacrifices made by Filipino heroes for the nation's freedom. Duterte, who previously served as vice mayor and mayor of Davao City, vehemently denied any involvement in the Davao Death Squad during her terms in office. She expressed dismay over the sudden appearance of a witness against her in the International Criminal Court (ICC) after assuming the vice presidency. Duterte dismissed the accusations and questioned the motives behind the allegations, asserting her capability to accomplish tasks without resorting to unlawful means. In a related development, President Ferdinand Marcos Jr. voiced his refusal to acknowledge the ICC's jurisdiction in the Philippines, considering it a threat to the country's sovereignty. He issued a directive for all government agencies to refrain from cooperating with the ICC, emphasizing the nation's non-recognition of the court's authority. Former senator Antonio Trillanes IV claimed that ICC investigators had gathered substantial evidence against former President Rodrigo Duterte regarding his administration's war on drugs. He anticipated an imminent issuance of an arrest warrant against the former president. Former President Rodrigo Duterte condemned the ICC's decision to initiate a preliminary investigation into the war on drugs, labeling it an insult to the Philippines and challenging the court's jurisdiction within the country. During his presidency, he initiated the withdrawal of the Philippines' membership from the Rome Statute, the treaty that established the ICC. The ICC appeals chamber recently granted a request to resume the investigation into alleged crimes against humanity related to the Philippines' controversial drug campaign, spanning from November 2011 to March 2019. The developments surrounding the ICC's probe into the Philippines' internal affairs have sparked a contentious debate, with key political figures and rights groups expressing divergent views on the matter. The ongoing tensions between the Philippines and the ICC underscore the complex intersection of international law, national sovereignty, and human rights issues......»»
Xinhua world economic news summary at 0900 GMT, April 1
MANILA -- The Philippine government's budget deficit increased to 164.7 billion pesos (2.93 billion U.S. dollars) in February, the country's Bureau of the Treasury said Monday. "The wider budget gap stemmed from the 22.14 percent year-over-year increase in expenditures, matched with moderate revenue growth of 5.73 percent," the bureau said. With the February turnout, the bureau said the year-to-date fiscal balan.....»»
Vape products found with P151 million tax deficiencies
More vape products are found evading tax liabilities of around P151 million as the Bureau of Internal Revenue ramps up its enforcement activities......»»
Reclaiming compromise payments
In the context of tax assessments, the Bureau of Internal Revenue offers remedies for taxpayers with assessed deficiency taxes......»»
To raise gov’t revenues, Recto says solution need not involve new taxes
New Finance Secretary Ralph Recto says non-tax efforts like helping businesses comply with the law will help government meet its revenue targets.....»»
Makati breaches 2023 business renewal revenue
The Makati City government has surpassed its January 2023 business renewal assessment level, with still over 4,000 businesses expected to renew their permits until the deadline on Jan. 31, Mayor Abby Binay said yesterday......»»
26 BIR officials suspended
Bureau of Internal Revenue commissioner Romeo Lumagui Jr. has ordered the suspension of 26 BIR employees charged with misconduct and various other offenses......»»
BIR to go after Alice Guo’s tax records, possible tax evasion
The Bureau of Internal Revenue (BIR) will investigate embattled Bamban, Tarlac Mayor Alice Guo and her companies for possible tax evasion, the revenue chief said on Friday. BIR Commissioner Romeo Lumagui Jr. said his agency will fully cooperate with a Senate inquiry into Guo, whose citizenship and wealth have become the center of controversy following.....»»
BOC sakalam sa paghamig ng buwis
PATULOY ang pagtaas ng revenue collection efficiency ng Bureau of Customs (BOC) matapos nitong malampasan ang kanilang collection target sa limang magkakasunod na buwan. The post BOC sakalam sa paghamig ng buwis first appeared on Abante......»»
BOC surpasses collection target anew
The Bureau of Customs (BOC) sustained its winning streak, surpassing its collection target with revenue of P82 billion in May amid improved monitoring of imported commodities......»»
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......»»