MANILA, Philippines — Inflation leapt to its highest level in more than three years at four percent in January from 3.3 percent in December as the implementation of the tax reform law translated to higher prices, the Philippine Statistics Authority (PSA) reported yesterday. This was the highest level for the consumer price index (CPI) since […]
Read MoreMANILA, Philippines — Consumer prices surged to a three year high in January 2018 on the back of increments in food, alcoholic beverages, and tobacco prices. Headline inflation quickened to 4 percent in January, higher than the 3.3 percent posted in the previous month and matching the top-end of the central bank’s 3.5-4 percent forecast, […]
Read MoreINVESTMENT projects approved by the Board of Investments (BOI) in January increased 538 percent to P51.3 billion from P8 billion a year earlier. In a statement on Monday, BOI said renewable energy (RE) projects made up the bulk of these investments, at P27.43 billion, followed by water-supply and distribution facilities at P13.87 billion. Manufacturing investments […]
Read MoreThe Bureau of Internal Revenue (BIR) on Monday announced it had recalled mission orders issued to taxpayers under investigation, noting that tax audits failed to improve revenue collections. In a statement on Monday, the bureau also said it had ordered all revenue officers of its National Investigation Division (NID) to submit an inventory of all […]
Read MoreMANILA, Philippines — Multilateral lender International Monetary Fund (IMF) is revisiting its inflation forecasts to take into consideration the impact of the tax reform law, foreign exchange movement and agricultural output. YongZheng Yang, IMF resident representative for the Philippines, said in an email to The STAR the agency is now reviewing its three percent inflation […]
Read MoreCigarette excise tax revenues have substantially increased following Japan Tobacco, Inc.’s takeover of Mighty Corp., the Finance department said. Excise tax payments attributable to Mighty brands totaled P20.22 billion from September to December 2017, the department said, a 262-percent improvement or P14.65 billion more than the P5.57 billion recorded in the comparable 2016 period. Total […]
Read More
Thailand
