Small price for unpopularity
By Raul J. PalabricaThe Bureau of Internal Revenue strictly enforced last Monday’s deadline for filing individual income tax returns.
The Bureau of Internal Revenue strictly enforced last Monday’s deadline for filing individual income tax returns.
When Cesar V. Purisima was growing up in the 60s, his family spent summer vacations in Manila away from their home in General Santos in South Cotabato. They traveled by sea, which took a week or so because of the many port calls, and used different lodgings such as the Aloha Hotel.
Finance Secretary Cesar Purisima and Bureau of Internal Revenue Commissioner Kim Henares denied on Wednesday that they favored the House of Representatives’ version of the sin tax bill that imposed much less taxes on beer and alcohol, as alleged by Sen. Ralph Recto.
The Philippine government, given its lower budget deficit and declining debt ratio, has the “fiscal space” or flexibility to spend more to boost growth in case dampening effects of global economic problems become more pronounced, Finance Secretary Cesar Purisima said during the Philippine economic team’s briefing at the Philippine International Convention Center on Monday.
So there was this big television and movie star who recently took a vacation overseas. She must have done a lot of shopping because, according to our source, she showed up at the airport for her flight back home with a lot of baggage—a lot more than what she had with her when she left for her vacation. (For the sake of our source, we won’t be revealing this destination. Suffice it to say that the location is a lovely country where a major Philippine airline flies to regularly.)
Never mind that the government’s economic managers have had a lot to crow about of late due to the sterling performance of the Philippine economy and a credit-rating upgrade, thanks to nimble fiscal management.
Finance Secretary Cesar Purisima on Wednesday said credit-rating agencies should update their methods for assessing a country’s credit rating to better reflect capital-market opinions.
Has the government done enough to convince the Federal Aviation Administration (FAA) to remove local airlines off a blacklist of companies barred from expanding operations in the United States?
A reshuffle in the Cabinet of President Aquino may be forthcoming after the holidays, according to an über reliable Biz Buzz source.
Finance Secretary Cesar Purisima Saturday called for the US to address “fundamental issues” after its debt downgrade and said the world needed other “more stable” reserve currencies beyond the dollar.
The assessment of two international rating firms on the Philippines’ credit-worthiness is simply outdated, according to Finance Secretary Cesar Purisima, who believes that the country deserves a better credit grade than what has been assigned to it. In fact, the Philippines merits a credit rating just a notch below investment grade, if not better, Purisima [...]
Not all government officials get their posts because they are P-Noy’s shooting buddies. In fact, some become shooting buddies because they are government officials. Case in point is Bureau of Internal Revenue Commissioner Kim Henares who recently confessed having already fired about 400 rounds under the President’s tutelage. According to our sources, the BIR chief [...]
