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Despite fines, no case filed vs Mighty Corp.

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mighty-cigarettes

Nearly a year after a Department of Finance (DOF) task force questioned Mighty Corp., the country’s oldest cigarette manufacturer, for alleged technical smuggling and tax evasion that resulted in huge revenue losses for the government, not a single illicit trade practices-related case has been filed against the firm.

Posted: November 17th, 2014 in Latest Business Stories | Read More »

BOC: 8 of 10 shipments misdeclared, undervalued

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Bureau-of-Customs1-1223

Eight out of every 10 shipments of imported goods placed under Bureau of Customs alert orders have turned out to be either misdeclared or undervalued, according to BOC Commissioner John Phillip Sevilla.

Posted: October 18th, 2014 in Latest Business Stories | Read More »

Employment situation in PH still bad despite high economic growth–ADB, ILO

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employment

Despite the country’s impressive economic growth, which averaged 5.4 percent a year during the past decade, the overall labor market scenario has been “less positive,” limiting progress on social development and inclusive growth, a joint study by the International Labor Organization (ILO) and the Asian Development Bank said.

Posted: October 9th, 2014 in Latest Business Stories | Read More »

1.65 million more Filipinos got jobs in April—Labor Force Survey

By
bpo-outsourcing

From 37.01 million in April 2013, the number of employed Filipinos rose to 38.66 million during the same period this year, or an increase of 1.65 million jobs nationwide.

Posted: July 30th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Customs misses target for 6th straight month

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Bureau-of-Customs1-1223

For the sixth consecutive month this year, the Bureau of Customs failed to meet its revenue target with June collections of only P26.96 billion, about P6.32 billion short of the P33.29-billion target for the 20-day trading period.

Posted: July 9th, 2014 in Latest Business Stories | Read More »

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