BUREAU of Internal Revenue (BIR) collections surged by 40.24% to P336 billion in April. The BIR’s deadline for the filing of income tax returns fell on April 17 this year. — PHILIPPINE STAR/EDD GUMBANBy Luisa Maria Jacinta C. Jocson, ReporterTHE NATIONAL Government’s (NG) budget surplus ballooned to P66.8 billion in April from P4.9 billion a year ago, as revenue growth ...
Inflation in May would likely be slower than the 6.6% in April, the central bank said. — PHILIPPINE STAR/EDD GUMBANHEADLINE INFLATION in May will be significantly lower than 6.6% in April, putting it on track to return within the 2-4% target by September or October, the Bangko Sentral ng Pilipinas (BSP) said. BSP Governor Felipe M. Medalla on Monday told reporters ...
THE SENATE on Monday approved on third and final reading a bill expanding the coverage of the estate tax amnesty and extending the period of availment by another two years.All 24 senators voted to approve Senate Bill No. 2219 which extends the availment period for the estate tax amnesty for two years or from June 15, 2023 to June 15, ...
A Philippines peso note is seen in this illustration on June 2, 2017. — REUTERSTHE BANGKO SENTRAL ng Pilipinas (BSP) has no issues with the current version of the bill seeking to establish the Maharlika Investment Fund (MIF), its governor said on Monday.“The bill, as it is now, is okay. This is the product of long periods of discussions on ...
D.M. CONSUNJI, Inc.’s order book during the first quarter went up by 20% to P42.4 billion from P35.2 billion in the fourth quarter of last year, its parent firm said, attributing the growth to the awarding of the second contract package of the South Commuter Railway Project.In a press release on Monday, its parent firm DMCI Holdings, Inc. said the project package involves the ...
LOPEZ-LED First Philippine Holdings Corp. (FPH) is allocating P80 billion for capital expenditures (capex) this year, 75% of which is set aside for its energy arm, its finance chief said on Monday. Emmanuel Antonio P. Singson, executive vice-president, treasurer, and chief finance officer of FPH, told reporters that about P60 billion of its capex will be for First Gen Corp.; P17 billion ...
INTERNATIONAL Container Terminal Services, Inc. (ICTSI) is adding a new berth in its terminal in Manila worth P15 billion to serve more large foreign vessels.The project is the eighth berth of the Manila International Container Terminal (MICT) and is beyond ICTSI’s commitments to the Department of Transportation (DoTr) and the Philippine Ports Authority (PPA).“We are excited to announce the development ...
THE joint venture between Prime Media Holdings, Inc. and ABS-CBN Corp. will focus mainly on the content creation and production for radio and cable television (TV), a top official said.“The objective of the joint venture is to provide accurate and balanced news and information to the country and public service,” Prime Media President Manolito A. Manalo said in a regulatory ...
PRIME ENERGY Resources Development B.V. said on Monday that it had signed an agreement to supply condensate to Abu Dhabi National Oil Co. (ADNOC) Global Trading (AGT).“This agreement with AGT establishes our force in the global petroleum industry, and we are privileged that AGT, one of the top oil companies across the globe, has decided to partner and grow with ...
PALAWAN’S Angelica Lopez was crowned the new Binibining Pilipinas International – Philippines and she will go on to represent the country at the Miss International pageant in 2024.Representing the country at this year’s Miss International, to be held in Tokyo, is Bb. Pilipinas – International Nicole Borromeo, who won in 2022.Ms. Lopez was crowned at the Araneta Center on Sunday ...