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Rea Cu

1489 posts
Rea Cu is a graduate of Assumption College-Makati with a Bachelor's degree in Communications. She majored in Advertising and is currently the finance reporter of the BusinessMirror.

BIR sees big jump in Pogo income tax collection in August

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.

BIR gets P200M from 6 ‘Pogo’ firms

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.

DOF chief to Kyushu businessmen: Invest in steel, cement sectors

The Department of Finance (DOF) has invited businessmen from Japan’s Kyushu Economic Federation (Kyukeiren) to take part in the development of the Philippines’s “fast-growing” economy, persuading them to invest in the cement and steel industries vital for the implementation of the “Build, Build, Build” (BBB) infrastructure program of the Duterte administration.

Sona wish list: Changes to Insurance Code

AMENDMENTS to the country’s Insurance Code should be billed as a priority measure for the 18th Congress in President Duterte’s State of the Nation Address (Sona), if the Insurance Commission were to have its way.

IRR signed for law on Dept of Human Settlements

THE country’s worsening problem of homelessness and lack of access to shelter opportunities is envisioned to soon be addressed by the government, with the signing on Friday of the implementing rules and regulations (IRR) for Republic Act (RA) 11201, or the “Department of Human Settlements and Urban Development Act.”

‘Fake’ BOC employees nabbed in sting operation

The Bureau of Customs has reported that two persons allegedly masquerading as employees of the bureau were apprehended in an entrapment operation. The suspects are allegedly involved in the “unauthorized sale” of seized items from the BOC.

SSS sets guidelines in giving unemployment insurance

THE Social Security System (SSS) has issued a circular embodying the implementing guidelines for the payment of unemployment insurance or involuntary separation benefit, in accordance with Republic Act (RA) 11199 or the Social Security Act of 2018.

Satellite govt offices in ‘pogo’ hubs pitched

GOVERNMENT agencies have been invited to set up satellite offices at the Philippine Offshore Gaming Operators (Pogo) hubs, so that the processing of requirements the government needs from foreign workers will be more efficient and streamlined, as the hubs are envisioned to be a one-stop shop facility, a gaming executive said.

China to block exports of illegal cigar makers

THE Bureau of Customs (BOC) has received a commitment from its counterpart agency in China for help in its efforts to stop Chinese exports of unauthorized cigarette-making machines as  the Philippine government steps up the campaign against illicit tobacco trade.

Reforms to sustain PHL’s gains pushed

The private sector is asking the government to sharpen the competitiveness of the country’s future work force, ensure water security and attract more foreign direct investments (FDI) to sustain the country’s economic growth, the Department of Finance (DOF) said.

Rice tariffs collection at P5.9 billion

The Bureau of Customs (BOC) collected P5.9 billion in tariffs from some 1.43 million metric tons (MMT) of rice imported by traders following the implementation of the rice trade liberalization law in March, according to the Department of Finance (DOF).

Government starts taxing, sets database of alien labor

THE Bureau of Internal Revenue (BIR) and Department of Labor and Employment (DOLE) are working on developing an interagency database of foreign nationals working in the country, to ensure they pay the correct amount of taxes to the Philippine government.

DBM to defer sending 2020 budget to House

LOOKING to ensure close coordination with lawmakers in the passage of the 2020 General Appropriations Act, the Department of Budget and Management (DBM) will wait for the appointment of the House Speaker before endorsing the 2020 budget proposal of P4.1 trillion.

BOC firm on collecting additional MDM tariff

THE Bureau of Customs (BOC) maintained that it followed the law in demanding more money from traders that paid a lower tariff of 5 percent on mechanically deboned meat (MDM) of chicken after the effectivity of the rice trade liberalization law.

Tenders for BSP TDF hit P31.4 billion

INVESTORS in the Bangko Sentral ng Pilipinas’s (BSP) term deposit facility (TDF) proved to be liquid as tenders for the facility during the auction on Wednesday amounted to P31.407 billion.