The Court of Tax Appeals (CTA) has denied the petition of Nestle Philippines, Inc. for a refund of P1.26 billion for Sweetened Beverage Tax (SBT) for its MILO products. Nestle claimed it is not liable to pay the SBT on its removals of MILO products, which is a powdered chocolate malt flavored...
ILOILO CITY – The inflation rate in Western Visayas went up for the second straight month, the Philippine Statistics Authority (PSA) said. A STALL at La Paz Public Market in Iloilo City. (Tara Yap) The PSA-6 said the region logged a 6.6 percent inflation rate in September, up 0.5 percent from 6.1...
The Court of Tax Appeals (CTA) has ruled in favor of the Bureau of Internal Revenue (BIR) as it denied the petition filed by Valle Verde Country Club, Inc. which sought a P7.449 million refund for output value-added tax (VAT) on membership fees, assessment dues, and other charges from April 2018 to...
The Department of Finance (DOF) said the local labor market remains strong and resilient despite global uncertainties. Finance Secretary Benjamin E. Diokno said the latest jobs data revealed positive trends, with unemployment decreasing to 4.4 percent in August from 5.3 percent the previous year...
The Philippines needs more time to create high-quality jobs, as the current growth is mainly focused on low-quality job opportunities, the National Economic and Development Authority (NEDA) said. NEDA Secretary Arsenio M. Balisacan said the government needs to make significant investments,...
The Court of Tax Appeals (CTA) has granted P3.1 million out of the P5.5 million refund sought by the Philippine Airlines, Inc. (PAL) for the excise taxes the firm paid for imported wines, liquors and cigarettes in 2009 for consumption in its international flights. In its Oct. 5, 2023 decision, the...
(MANILA BULLETIN) House Speaker Martin Romualdez has called on his fellow public servants in government to "cushion [the] impact of rising prices and inflation" for Filipinos and to "focus on service in these trying times". "Now, more than ever, is the time...
The country's unemployment rate plunged to 4.4 percent, equivalent to 2.21 million jobless Filipinos in August, the Philippine Statistics Authority (PSA) reported. The latest number is lower than the 4.8 percent or 2.27 jobless individuals recorded in July and the 5.3 percent or 2.68 million...
Pampanga 3rd district Rep. Aurelio "Dong" Gonzales Jr. (left), Quezon 1st district Rep. Wilfrido Mark Enverga (Speaker’s office, MANILA BULLETIN) Ranking congressmen have claimed that the worst is over this 2023 as far as the country’s inflation rate is...
Malacañang has assured Filipinos that the government remains committed in addressing the challenges caused by the 6.1 percent inflation rate in September. President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate) In a statement on Thursday, Oct. 5, the Presidential Communications Office (PCO)...
Albay 2nd district Rep. Joey Salceda (Facebook) "It gets better from here." Economist-solon Albay 2nd district Rep. Joey Salceda gave this assessment Thursday, Oct. 5 on the reported year-on-year inflation rate of 6.1 percent in September. Salceda,...
Consumer prices surged last month due to the steep rise in food prices, particularly rice, and the spike in transportation costs caused by higher fuel prices, the Philippine Statistics Authority (PSA) reported. In a briefing, National Statistician Claire Dennis S. Mapa said that headline inflation...
