MANILA, Philippines — The Office of the Executive Secretary (OES) has called for cooperation and proper coordination among involved agencies to address the delays in the proclamation of new economic zones that have resulted in applications piling up at the Office of the President. Philippine Chamber of Commerce and Industry (PCCI) officials met with the […]
Read MoreEXCISE tax collections by the Bureau of Internal Revenue posted double-digit growth in September on the back of improved monitoring and higher payments by the tobacco industry, a Department of Finance official said. Collections reached P17.7 billion up 12 percent from a year earlier, Finance Undersecretary Antonette Tionko told reporters, “Now, of that amount, the […]
Read MoreMANILA, Philippines — The Bureau of Internal Revenue (BIR) collected P17.7 billion in excise taxes in September, up 12 percent from P15.67 billion in the same month in 2016, the Department of Finance (DOF) reported yesterday. Finance Undersecretary Antonette Tionko said the bulk of the total collection in September was contributed by the tobacco industry […]
Read MoreDavao-based businessman Dennis Uy is venturing into the convenience store business, on Monday inking a deal to purchase the local operations of Japan’s FamilyMart via listed firm Phoenix Petroleum Philippines, Inc. In a disclosure, Phoenix said it had inked a memorandum of understanding with SIAL CVS Retailers, Inc. and Japanese firms FamilyMart Co., Ltd. and […]
Read MoreMANILA, Philippines — The Philippines is gradually decreasing its dependency on imported rice after the country’s import dependency ratio went down to five percent last year from 11 percent in 2015. Based on a report from the Philippine Statistics Authority (PSA), the rice import dependency ratio decreased to 4.99 percent in 2016 from 11.07 percent […]
Read MoreMANILA: The Philippine central bank said on Monday annual inflation in October was expected within the 3.2% to 3.7% range, with higher energy costs, water rates and a weaker peso contributing to upward price pressures. Headline inflation in September was 3.4%, bringing nine-month average inflation to 3.1%. Average inflation is expected to remain within the […]
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