Additional revenues generated by the national government from privatization of its idle assets jumped 472.5 percent to P3.12 billion as of end-September. The latest Bureau of the Treasury (BTr) data on Thursday, Oct. 24, showed privatization proceeds almost quintupled from P544.88 million in the...
Dividends from government-owned and controlled corporations (GOCCs) increased more than half in the first seven months of the year, the Department of Finance said in a report. In its Facebook post, the DOF shared that it collected a total of P95.54 billion from January to July, 52 percent higher...
The Department of Finance (DOF) announced that government revenues have already achieved half of the target for the year in the first semester, indicating a promising outlook for meeting the full-year goal. Finance Secretary Ralph G. Recto said that a total of P2.13 trillion in revenues was...
The Bureau of Customs seized over 3,100 liters of unmarked fuels with a total worth of P10.5 million in Bataan after it failed to pass the fuel marking test. The Bureau of Customs (BOC) Intelligence and Investigation Service-Manila International Container Port (CIIS-MICP), along with agents from...
The government’s economic team is looking to collect P3.84 trillion to P3.90 trillion in total revenues this year, above the target of P3.73 trillion. In a joint statement, the Development Budget Coordination Committee (DBCC) said that P2.84 trillion in revenues have been collected in the first...
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....
