The Bureau of Customs has completed the construction of a new sub-port building at the Mindanao Container Terminal (MCT) in Misamis Oriental, aimed at bolstering revenue collection and improving services for stakeholders. Located within the Phividec Industrial Estate in Tagoloan, Misamis Oriental,...
The Anti Red Tape Authority (ARTA) reported that local government units that have fully automated their business registration process (both new and renewal), saw a collective increase in business registrations and revenue collection for the 2021-2022 period. ARTA Director-General Secretary Ernesto...
The Bureau of Customs (BOC) reported Friday, June 2, that it has collected P77.793 billion in revenue in May which surpassed its collection target for the said month. *BOC Commissioner Bienvenido Y. Rubio (File photo) * The collection was P5.443 billion or 7.52 percent bigger than the collection...
Toll revenues from the Subic-Clark-Tarlac Expressway (SCTEX) hit P3.26 billion in 2022, posting the highest collections since the road network was opened to the public in 2008, following the resurgence of local travel amid easing COVID-19 restrictions, the Bases Conversion and Development Authority...
Citicore Energy REIT Corp. (CREIT), the real estate investment trust (REIT) vehicle of the Citicore group, has posted 454 percent increase in net income to P1.25 billion in 2022 from P226 million in the previous year. According to CREIT President and CEO Oliver Tan, the upturn in profitability of...
Department of Budget and Management (DBM) Secretary Amenah Pangandaman assured that the national government has enough revenues to shoulder the additional budget to be given to local government units (LGUs) for the implementation of the Supreme Court's Mandanas ruling. During a Palace briefing, the...
Globe Telecom Inc.'s mobile business hauled in ₱80.6 billion revenues as of end-September this year, its second highest on record, after its 2019 pre-pandemic figures. The bulk of the revenues came mostly from the telco's prepaid business, given the rapid rise of digital adoption among Filipinos....
Globe Telecom Inc. hauled in P12.5 billion Corporate Data revenues in the 3rd quarter, 21 percent up from a year ago and 31 percent higher than the 2019 pre-pandemic level, the telco anbounced Tuesday, November 22. Information and communications technology (ICT) services grew 96 percent...
Globe Telecom Inc. has regained its pre-pandemic mobile revenue levels, hitting P27 billion for the second-quarter of 2022, the telco announced Tuesday, August 23. Year on year, Globe’s first half mobile revenue stood at P54 billion, a 3 percent improvement versus last year. It was powered...
The Philippine Ports Authority (PPA) netted P5.024 Billion earnings in the first six months of the year, up 9 percent versus the P4.611 billion in the same period in 2021, as the agency continues to rebound from the effects of the global pandemic. PPA’s net income is now only 13 percent down...
LA TRINIDAD, Benguet – Benguet generated the second highest revenue out of ten provinces identified by the Bureau of Local Government Finance (BLGF) as having significant earnings for fiscal year 2020-2021. Benguet is known as the top producer of highland vegetables and has the most mining...
Quezon City was named by the Department of Finance-Bureau of Local Government Finance (DOF-BLGF) as the top performing city in the country in terms of local revenue generation after it collected P22.9 billion in taxes in 2021, the city government said Wednesday, Aug. 3. The DOF-BLGF has announced...
