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Invite all SE Asian nations to Pacific pact, says PH finance exec

Finance Secretary Cesar Purisima: Public sector debt has become more and more manageable. INQUIRER FILE PHOTO

A U.S.-backed Pacific free trade pact could cause resentment in Southeast Asia as it would leave some nations in the region better positioned to access America’s market than others, Finance Secretary Cesar Purisima said Thursday.

Posted: April 11th, 2014 in Latest Business Stories | Read More »

Gov’t budget shortfall up 75% to P34B in January; calamity rehab, rebuilding cited

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FILE PHOTO

The government’s budget shortfall for the first month of 2014 rose 75 percent to P34.2 billion, an indication of the government’s increased spending for reconstruction and rehabilitation in the wake of recent natural disasters.

Posted: March 27th, 2014 in Latest Business Stories | Read More »

Gov’t eyes scorecard for LGUs

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Finance Secretary Cesar Purisima: Scorecard system. AP FILE PHOTO

A scorecard system for local government units (LGUs) will be institutionalized this year as administration officials try to make the financial conditions of LGUs more transparent.

Posted: March 7th, 2014 in Latest Business Stories | Read More »

Biz Buzz: Courtship kinks

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The new round of talks between the group of businessman Manuel V. Pangilinan and the triumvirate behind broadcasting giant GMA 7 appears to be getting along.

Posted: January 22nd, 2014 in Headlines | Read More »

In ’14, gov’t to push through sale of bonds abroad

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Finance Secretary Cesar Purisima: Public sector debt has become more and more manageable. INQUIRER FILE PHOTO

The government in 2014 will push through with the sale of sovereign bonds abroad.

Posted: November 21st, 2013 in Latest Business Stories | Read More »

Revenue bureau misses tax collection target in October

The Bureau of Internal Revenue’s tax collection grew by another double-digit pace in October, but it still fell short of the official target.

Posted: November 16th, 2013 in Headlines | Read More »

Disaster fund creation urged

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The Philippines has urged the global community to set up a worldwide disaster insurance fund to support reconstruction initiatives.

Posted: November 13th, 2013 in Headlines | Read More »

Gov’t probes P4.4B in cigarette tax losses

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AFP FILE PHOTO

Blame it on the law of unintended consequences.

Posted: November 2nd, 2013 in Latest Business Stories | Read More »

Purisima: US default to hit emerging markets

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Finance Secretary Cesar Purisima: Public sector debt has become more and more manageable. INQUIRER FILE PHOTO

Finance Secretary Cesar Purisima has expressed alarm over a potential default by the United States government, saying such an event will bring down not only the world’s biggest economy but also emerging markets like the Philippines.

Posted: October 12th, 2013 in Latest Business Stories,Photos & Videos | Read More »

Pawnshops are next BIR targets — Purisima

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Finance Secretary Cesar Purisima: Public sector debt has become more and more manageable. INQUIRER FILE PHOTO

The Bureau of Internal Revenue is to investigate tax evasion in the pawnshop industry in light of statistics showing more than 1,000 pawnshops were not filing income tax returns at all, the Department of Finance said Tuesday.

Posted: August 6th, 2013 in Latest Business Stories | Read More »

Gov’t wants 8% share from mining

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Environment Secretary Ramon Paje: Promoting tree plantations.  AFP PHOTO/Jay DIRECTO

The government wants at least 8-percent to as much as 10-percent share of gross revenues from the mining industry, against the previously floated figure of 7 percent, Environment Secretary Ramon Paje said on Friday.

Posted: June 22nd, 2013 in Latest Business Stories | Read More »

Small price for unpopularity

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The Bureau of Internal Revenue strictly enforced last Monday’s deadline for filing individual income tax returns.

Posted: April 19th, 2013 in Columnists,Inquirer Columns | Read More »

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