THE Bureau of Internal Revenue (BIR) reminded social media influencers and play-to-earn gamers that they are exempt from paying income tax if they make less than P250,000 per year, but said they should still register with the agency. BIR Deputy Commissioner Marissa Cabreros told the Laging Handa briefing on Tuesday that these people should not be afraid to register […]
Read MoreMANILA, Philippines — The Philippine net oil import rose in the first six months of the year on the back of higher volume and cost as the global oil market recovered, according to latest data from the Department of Energy (DOE). The net import bill or the difference between oil imports and exports amounted to […]
Read MoreMANILA, Philippines — The government narrowed its budget shortfall by 13.56 percent to P121.18 billion in July as revenue growth outpaced spending, the Bureau of the Treasury said. For the month, revenue grew by over nine percent to P256.07 billion as tax generation rose to P229.79 billion, while non-tax income went up to P26.23 billion. […]
Read MoreMANILA, Philippines — Issuers are expecting new credit card acquisitions starting the second half as the country gradually recovers from the impact of the pandemic. Alex Ilagan, executive director at the Credit Card Association of the Philippines (CCAP), told The STAR the total number of credit cards in force is still lower in the second […]
Read MoreMANILA, Philippines — The country’s outstanding debt will surpass the P13 trillion mark next year, forcing the government to slow its borrowings from local and foreign financiers by nearly 20 percent, the Bureau of the Treasury said. The BTr said the country’s debt stock will balloon by over 14 percent to an all-time high of […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) will continue to be patient, with no drastic change in the country’s accommodative monetary policy stance, vowing to do whatever it takes to help the economy fully recover from the impact of the pandemic. In an interview with ABS-CBN News Channel, BSP Governor Benjamin Diokno said […]
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