Bureau of Treasury awards full P20 billion on offer for T-bonds
THE Bureau of the Treasury (BTr) has awarded the full P20 billion on offer for reissued 10-year Treasury bonds (T-bonds) during its auction on Tuesday.
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THE Bureau of the Treasury (BTr) has awarded the full P20 billion on offer for reissued 10-year Treasury bonds (T-bonds) during its auction on Tuesday.
THE Overseas Filipino Bank (OF Bank) is expected to run as a fully digital bank by mid-2020, with the operational framework now being done with the Bangko Sentral ng Pilipinas (BSP), the Land Bank of the Philippines (LandBank) has reported.
LOCAL government units (LGUs) stand to earn P12.6 billion in real property taxes if they will all adopt a single valuation system that is on a par with international standards, according to the Department of Finance (DOF).
FINANCE Secretary Carlos G. Dominguez III is lobbying Congress to first pass the set of laws focusing on taxation for alcoholic beverages and electronic cigarettes (e-cigarettes) of the remaining tax reform packages to fund the implementation of the Universal Health Care (UHC) law.
Finance Secretary Carlos G. Dominguez III is hopeful that the economic growth of the country could hit the 6-percent territory in the coming quarters as the Duterte administration’s catch-up spending strategy picks up during the third and fourth quarter of this year.
THE Land Bank of the Philippines (LandBank) has reported a net income of P10.58 billion for the first half of 2019, which is 36 percent higher than the P7.79 billion reported in the same period for 2018, as the Bank’s profits from loans posted growth.
THE Department of Finance (DOF) said on Thursday the issuance of tax identification numbers (TINs) for foreign nationals working in the Philippines will still continue, as this is in line with the provisions of the country’s tax code.
The Bureau of Customs-Manila International Container Port (BOC-MICP) has seized five shipments of agricultural commodities from China estimated to be worth P24 million as the government intensified anew its anti-smuggling operations.
TENDERS made to the Bangko Sentral ng Pilipinas (BSP) term deposit facility (TDF) of P123.414 billion showed that there is still liquidity in the market resulting from the move of the Monetary Board (MB) to cut reserve requirement ratios (RRR).
SUN Life Financial Philippines Inc. (Sun Life) is looking to its video campaign, the “Kaakbay” series focusing on its commitment to be a “lifetime partner” of policyholders, to help the company achieve its goal of protecting more Filipinos—with a goal of 5 million clients by 2020.
The Bureau of Internal Revenue (BIR) is expecting a bigger jump on withholding tax collections from employees of the Philippine Offshore Gaming Operators (Pogo) industry, as more service providers are expected to remit taxes to the bureau on August 10 in line with government’s effort to collect the right amount of taxes from foreign nationals working in the country.
THE Philippine government gave away an estimated P1.12 trillion in tax incentives and exemptions to around 3,150 companies for the period of 2015 to 2017, the Department of Finance (DOF) has reported.
THE Department of Finance (DOF) said the Philippine peso, which appreciated by 2.82 percent in the January-to-July period, ranked second among Southeast Asian currencies.
THE Department of Finance (DOF) said it is looking at other options to recover the government’s investments, estimated at P42 billion, in the United Coconut Planters Bank (UCPB).
TENDERS for the Treasury bills (T-bills) were almost six times oversubscribed at P87.1 billion as investors expect the local Central Bank to take cue on Thursday after US monetary authorities signaled a rate cut.
MEMBERS of the Social Security System (SSS) received P984.42 million in sickness benefit in January to April, 12.45 percent higher than the P875.42 million they received in the same period last year.
THE Bureau of Internal Revenue (BIR) has collected an initial P200 million from six companies working in the Philippine Offshore Gaming Operators (Pogo) sector, in line with its drive to collect the proper taxes due the government from foreign nationals working in the country.
FINANCE Secretary Carlos G. Dominguez III wants lawmakers to approve the remaining packages of the Comprehensive Tax Reform Program (CTRP) before the year 2021.
THE Bureau of Internal Revenue (BIR) and the Bureau of Customs—the main collection agencies of the government—are targeting to collect P3.307 trillion next year, data from the Development Budget Coordination Committee (DBCC) showed.
Singapore Life Pte. Ltd. may soon open shop in the country as the Insurance Commission (IC) announced the company would secure its license to operate by November this year.
THE Philippine Amusement and Gaming Corp. (Pagcor) reported that its gross gaming revenues (GGR) for the first half of the year rose by 9.33 percent to P36.566 billion, from P33.445 billion recorded in the same period in 2018.
THE Philippine Life Insurance Association Inc. (Plia) has revealed that it will be working with the Philippine Insurers and Reinsurers Association of the Philippines (Pira) in getting regulators to keep the capitalization requirement for insurance companies at P900 million.
The Bureau of the Treasury (BTr) has awarded the full P20 billion on offer for 20-year Treasury bonds (T-bonds) on Tuesday, anticipating that US Federal Reserve officials would cut rates.
THE Bureau of the Treasury (BTr) has reported that the Philippine government has launched its samurai bonds bearing four tenor buckets on Tuesday, eyeing to raise at least $750 million from the issuance.
The Bureau of Customs (BOC) said it is ready to start its audit of rice traders next month in line with its probe to determine if there was undervaluation of rice imports.
THE Philippine Amusement and Gaming Corp. (Pagcor) said on Monday it will have to review first the system of the Philippine Charity Sweepstakes Office (PCSO) if it is asked to take on the responsibility of the agency in line with helping its beneficiaries.
THE Department of Finance (DOF) called on the 18th Congress to pass this year a measure that will increase taxes on alcohol products to at least P40 per liter and further raise taxes on heated tobacco and vapor products.
The Social Security System (SSS) has reported a disbursement of P62.19 billion to its 2.5 million pensioners for the period of January to May this year, posting an increase of 8.43 percent year-on-year.
THE Insurance Commission (IC) has placed Loyola Plans Inc. under conservatorship, with the company unable to comply with the minimum unimpaired paid-up capital and trust fund requirements.
Former President of the Philippines Gloria Macapagal-Arroyo on Friday said the Philippines will benefit from the Belt and Road Initiative (BRI) of China as the platform fits well with the Duterte administration’s “Build, Build, Build” (BBB) infrastructure program.
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