Biz Buzz: Conflict at the TOP
By the staffChange is coming to the top echelon of the Bureau of the Treasury (BTr) soon. Well, close to the top, to be more accurate.
Change is coming to the top echelon of the Bureau of the Treasury (BTr) soon. Well, close to the top, to be more accurate.
The Bureau of Customs (BOC) collected a little over P22.8 billion in revenue in February, around P614 million, or 2.8 percent, more than it collected in the same period last year.
Philippine National Construction Corp. (PNCC) has fended off an attempt by businessman William Gatchalian to take control of the company after the Court of Appeals ruled that the government was correct to reject the latter’s P1.2-billion bid during PNCC’s failed privatization effort for being way below the floor price.
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) expects its cash flow to improve over the next four years, after regulators allowed it to collect P53 billion in universal charges for stranded contract costs from all power consumers.
An organizational restructuring at the Department of Energy is apparently leaving some employees “demoralized to the point of wanting to resign.”
Government revenues from the various freight and passenger ports around the country inched up in 2012 amid higher cargo volumes and improved collection efficiency, data released last week showed.
MANILA, Philippines—Government expenses for personal services—including salaries and benefits for those employed by national agencies—increased by 10.4 percent to P496.1 billion in the 11 months to November 2012. The increase was “largely due to the implementation of the last tranche of the Salary Standardization Law III, the filling up of vacant positions in the [...]
The Bureau of Internal Revenue collected P71 billion in September, falling short of its monthly target for the third month in a row but growing at a double-digit rate from a year ago for the seventh month this year.
A big change is coming to this foreign bank this month after its big bosses overseas decided to finally put a Filipino in charge of local operations.
Gokongwei-led Robinsons Land Corp. is now hosting satellite offices of nine of the government’s busiest agencies in an enclave created within its major shopping malls to make it easier for people to apply for passport renewal, a driver’s license or conduct other tedious transactions with the government.
The government expects to soon reduce its annual electricity expense by an additional P2.22 million, once the Department of Energy (DoE) completes the “retrofitting” of 12 state-owned offices and universities in the Visayas.
Tax credits from January to May had cost the government P12 billion, lower by 13.6 percent year on year, according to the Department of Budget and Management.
