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Revenue agencies told to curb gold smuggling

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The Department of Finance wants its two attached agencies—the Bureau of Internal Revenue and the Bureau of Customs—to curb the smuggling of gold out of the country and boost tax collection from the sale of the precious metal.

Posted: May 13th, 2013 in Latest Business Stories | Read More »

Gold claws back losses after biggest fall in 30 years

An Indian woman looks at a display of gold jewelry at a shop in Mumbai, India. Gold prices recovered slightly on Tuesday, April 16, 2013, after suffering their heaviest slump in 30 years triggered by weak Chinese growth data and reports Cyprus was planning to sell part of its reserves.  AP PHOTO/RAJANISH KAKADE

Gold prices clawed back some losses Tuesday after suffering their heaviest slump in 30 years triggered by weak Chinese growth data and reports Cyprus was planning to sell part of its reserves.

Posted: April 17th, 2013 in Latest Business Stories | Read More »

In search of rare metals, PH leaves no stone unturned

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Graphic illustrating the use of rare earth metals, 95 percent of which are supplied by China.  The Philippines is leaving no stone unturned in its quest for rare earth elements, a major component of electronic products. AFP

The Philippines is leaving no stone unturned in its quest for rare earth elements, or REE—a major component of electronic products.

Posted: January 2nd, 2013 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

Gold, copper sales to improve in 2013, prospects not as bright for other metals

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AP file photo

The global metals and mining environment will likely be unfavorable in the coming year given the oversupply arising from this year’s global downturn but trends are seen improving at least for gold and copper miners, according to global credit watcher Standard & Poor’s.

Posted: December 6th, 2012 in Latest Business Stories | Read More »

Gold sellers paying less tax than they should—BIR

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BIR Commissioner Kim Jacinto-Henares. INQUIRER FILE PHOTO

Gold sellers are actually paying less taxes than they should, according to chief revenue commissioner Kim Henares.

Posted: November 14th, 2012 in Latest Business Stories | Read More »

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