MANILA, Philippines – The government generated a fiscal surplus of P52.8 billion in April as tax collections by the Bureau of Internal Revenue (BIR) during the period boosted revenue, the Bureau of the Treasury (BTr) reported yesterday. “April has historically generated a surplus for the government as the deadline for the filing of income taxes […]
Read MoreMANILA, Philippines – The Department of Trade and Industry (DTI) expects foreign direct investments (FDI) to surge this year, eclipsing a record high forecast set by the Bangko Sentral ng Pilipinas (BSP). “We are foreseeing that for this year we can even hit between $10 billion to $11 billion, thanks also to the very strong […]
Read MoreMANILA, Philippines – The proportion of the country’s debt to gross domestic product (GDP) further declined to 41.87 percent as of end-March from 43.56 percent a year ago due to fiscal reforms initiated by the government, according to the Department of Finance (DOF). The latest figure was also an improvement from the 42.06 percent debt-to-GDP […]
Read MoreMANILA, Philippines – Eight companies from the Philippines are among the world’s best and largest public companies. This is according to this year’s Forbes Global 2000 list, a yearly ranking of companies around the world based on their sales, profit, assets and market value. The Sy family’s SM Investments Corp. tops the list of Philippine […]
Read MoreMANILA, Philippines – Carbonated drinks, energy drinks, sweetened tea and coffee, fruit drinks and other similar products are expected to see minimal to substantial price increases should the proposed excise tax adjustments on sugar-sweetened beverages be pushed by the Congress, data from the Department of Finance (DOF) showed. According to a price survey conducted by […]
Read MoreMANILA, Philippines – Potential US trade sanctions on major Asian economies are seen to significantly benefit the trade and investment relationship of the Philippines with the world’s largest economy, a trade official said. China, India, Indonesia, Japan, Malaysia, South Korea, Taiwan, Thailand and Vietnam have earlier been identified as US trade partners which had significant […]
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