The House Special Committee on Senior Citizens on Tuesday, Sept. 21, approved in principle a bill that would grant senior citizens an exemption from income taxes. (Mark Balmores/MANILA BULLETIN File Photo) House Bill No. 8832, filed by Senior Citizens' Party List Representative Rodolfo Ordanes,...
Pag-IBIG Fund posted earnings of P16.11 billion in the first half of 2021 amid the challenges posed by the continuing health crisis, a 14 percent increase compared to the same period last year, its top officials reported on Wednesday, 25 August. From January to June, Pag-IBIG Fund’s gross income...
The House of Representatives voted unanimously for the third and final reading approval of a bill that will exempt from income tax the honoraria, allowances and other financial benefits received by election workers. Poll workers Authored by members of the Makabayan bloc and Nueva Vizcaya Rep. Luisa...
Earnings from online play-to-earn games, such as Axie Infinity, are taxable, the Department of Finance (DOF) said. Axie Infinity Amid a rapid rise in popularity of online multiplayer video games that also allow players to generate profits, Finance Undersecretary Antonette C. Tiono said that...
The Bureau of Internal Revenue (BIR) has launched an all-out investigation against monetized social media influencers (SMIs) or vloggers who do not pay taxes from their huge income. (Photo by Dewang Gupta/ Unsplash) BIR Commissioner Caesar R. Dulay ordered regional directors and district officers...
The consolidated net income of SPC Power Corporation dipped 14.5-percent to P794.3 million in the first six months of the year from a more robust earnings of P929.0 million in the same period last year. The company said the decline in earnings had been mainly due to the 50-day maintenance shutdown...
The core net earnings of Alcantara-led firm Alsons Consolidated Resources Inc. (ACR) had been 29-percent higher to P871.16 million in January to June this year versus last year’s P672.97 million. In the second quarter alone, the company specified that its financial outcome also improved with...
As oil demand sprang back closer to pre-pandemic levels in recent months, the net income of second biggest oil industry player Pilipinas Shell Petroleum Corporation remarkably recovered to P2.2 billion in the first half from bottom line crash of P6.7 billion in the same period last year. 26138 As...
Lopez-led First Gen Corporation sustained its robust profitability and that enabled it to post 11-percent net income hike in the first half to P7.1 billion ($148 million) versus a leaner P6.7 billion ($133 million) in the same period last year. The company’s rise in earnings, according to First...
The net income of Ayala-led firm AC Energy Corporation (ACEN) posted a modest 5.0-percent growth to P2.7 billion in the first half of the year, inclusive of earnings from international operations – and that’s coming from a leaner P2.6 billion in the same period last year. Consolidated revenues...
The financial rebound of leading oil firm Petron Corporation is now on solid footing as it concluded this year’s first half with P3.87 billion net income, a phenomenal ricochet from P14.24 billion net loss in the same period last year. The oil firm’s operating income at P8.95 billion similarly...
The Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives for a mass housing project and two cement manufacturing plants all located outside Metro Manila. Chaired by Finance Secretary Carlos G. Dominguez III, the FIRB during its third meeting last August 2 approved the tax...
