B.O.C. to probe January-June rice imports
THE Bureau of Customs (BOC) said on Thursday that it will look into rice imports that arrived in the country from January to June, to determine if the shipments were undervalued.
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THE Bureau of Customs (BOC) said on Thursday that it will look into rice imports that arrived in the country from January to June, to determine if the shipments were undervalued.
THE Department of Finance (DOF) has ordered the Bureau of Customs (BOC) to look into the creation of a strike team that will guard the country’s borders against the possible entry of waste materials from other countries.
THE Association of Health Maintenance Orgnaizations of the Philippines Inc. (Ahmopi) has welcomed the Insurance Commission’s issuance of a cease-and-desist order on Caritas Health Shield Inc. (Caritas Health), pointing out that the decision is in the interest of the buying public.
The Land Bank of the Philippines (LandBank) is eyeing to acquire a 49-percent stake in Philippine Dealing System Holdings Corp. (PDS) from the 21 percent of the stakeholders that is said are ready for their shares to be bought out.
A SPECIALTY book on the country’s internal revenue code as amended by the Tax Reform for Acceleration and Inclusion (TRAIN) law may well serve as the tax bible in the country.
THE Malayan Insurance Co. Inc. (Malayan Insurance) board of directors has announced the appointment of its new vice chairman, as well as the company’s new president and CEO effective this month.
The Bureau of Customs (BOC) has reshuffled its collectors in the country’s major ports.
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.
THE Bureau of the Treasury (BTr) has awarded the full P15-billion on offer during the Treasury bills (T-bills) auction on Monday, as tenders for the security amounted to P50.5 billion which is more than thrice oversubscribed.
The national government’s borrowings for May amounted to P126.086 billion, posting an increase of 117.5 percent from the P57.969 billion made in the same month last year, data from the Bureau of the Treasury showed (BTr).
THE Bureau of Internal Revenue (BIR) has emphasized that the taxes it slaps on electronic cigarettes (e-cigarettes), currently at P35, is the same amount it collects on tobacco products or cigarette packs.
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.
The Bureau of Customs (BOC) has issued a memorandum order that imposes a provisional safeguard duty of P3 per kilogram on imported ceramic floor and wall tiles.
Allianz PNB Life Insurance Inc. (Allianz PNB) is keener to invest in long-term infrastructure projects to enable life insurance companies to leverage on better hedging investment risks.
The Department of Budget and Management (DBM) is reminding government agencies and government-owned and -controlled corporations (GOCCs) to check their financial allocations in their share as employer for contributions to the Philippine Health Insurance Corp. (PhilHealth).
The board of the Government Service Insurance System (GSIS) has moved to revoke its authorization on the sale of its Manila North Harbor property pending the assumption of Rolando L. Macasaet as their new chairman.
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 agents on Wednesday raided a factory that prints fake tax stamps and labels used for fake tobacco products, the Department of Finance said.
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.
THE Bureau of Customs (BOC) has insisted that its collection of proper duties and taxes on shipments of mechanically deboned meat (MDM) of chicken, particularly the 35-percent tariff difference, is legal.
THE national government’s (NG) outstanding debt for May this year amounted to P7.915 trillion, increasing by 15.8 percent from the P6.832 trillion recorded in the same month for 2018, data from the Bureau of the Treasury (BTr) showed.
THERE’S a ghost in your machine; and it’s far from Gilbert Ryle’s interpretation of Descartes’s work. However, there’s nothing philosophical about cyber threats as these are costing businesses billions.
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.
THE Department of Finance (DOF) has issued guidelines on the payment and collection of taxes by local government units (LGUs) from professionals, in order to ensure a fair, uniform and proper implementation of tax laws. It is also seen to boost efforts to streamline government transactions and improve the ease of doing business.
THE Government Service Insurance System (GSIS) confirmed on Tuesday that President and CEO Jesus Clint O. Aranas has resigned from his position effective July 2.
THE Bureau of the Treasury (BTr) has awarded the full P20 billion on offer for three-year Treasury bonds (T-bonds) that were auctioned off on Tuesday as the market remains awash with cash.
FINANCE Secretary Carlos G. Dominguez III believes Filipinos support the tax-reform package, citing the victory of pro-administration lawmakers in the midterm elections.
THE Department of Finance (DOF) expects the dividends remitted by government-owned and -controlled corporations (GOCCs) for 2019 to easily surpass the P50-billion mark, as these agencies have already remitted P44.69 billion as of mid-June this year.
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.
Subsidies extended by the national government (NG) to government-owned and -controlled corporations (GOCCs) in May jumped by 36.63 percent to P5.236 billion, from last year’s P3.832 billion, according to data from the Bureau of the Treasury (BTr).
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