The Department of Finance (DOF) said the exchange of information between the Department of Energy (DOE) and the government’s two main tax agencies will boost the implementation of the first-ever nationwide fuel marking program. Screen Shot 2021-05-28 at 10.31.20 AM Finance Secretary Carlos G....
The Philippines should be a strategic hyperscaler hub in the region, PLDT Chief Revenue Officer Alfredo S. Panlilio said. Panlilio said that as the telco is also building capacities to bring hyperscalers into the country. Hyperscalers” are massive companies like Google, Facebook, and...
The Bureau of Customs (BOC) surpassed its revenue collection goal for April 2021 by over P2 billion on the strength of its actual collection of P51.277 billion, the agency said Monday, May 3. Bureau of Customs (BOC) Commissioner Rey Leonardo Guerrero (Photo courtesy of the BOC) The bureau had set a...
With local revenue generation of P4.8 billion in 2019, Parañaque City has been recognized as the sixth richest city in the country by the Department of Finance’s (DOF) Bureau of Local Government. (Screenshot / Facebook / Mayor Edwin L. Olivarez / MANILA BULLETIN) Niño Raymond B. Alvina, Bureau...
Globe Telecom Inc. projects low-to-mid single-digit service revenue growth this year as the economy recovers from the 2020 pandemic-induced recession. Hence, the telco remains gung-ho on its P70 billion capex for 2021. “We believe that the relevant product platforms in place, coupled with the...
The national government’s two main tax agencies exceeded their revised collection target in the first eight-months of the year, but remained lower than last year’s performance, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said the Bureau of Internal Revenue...
The national government posted a significantly wider budget deficit last month despite the Duterte administration's almost flat spending due to dwindling revenues amid the pandemic, data from the Bureau of the Treasury showed. Official data showed the national government’s fiscal gap swelled by...
The Bureau of Internal Revenue (BIR) assured lawmakers of its full support for the proposed measure allowing banks to dispose their bad loans and other non-performing assets (NPAs) through asset management companies. BIR Commissioner Caesar Dulay gave this assurance during a recent joint hearing of...
The Duterte administration may borrow less than programmed for the rest of the year should the government’s two main tax agencies continue to exceed their downscaled collection targets, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III ( MB FILE, Albert Garcia) While...
The national government’s two main tax agencies have exceeded their reduced collections targets in the first eight-months of the year, but still lower than their performance in the same period last year, the Department of Finance (DOF) said. Based on the preliminary data submitted to the DOF, the...
