By Michelle V. Remo
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.
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.
By Riza T. Olchondra
The Philippines is leaving no stone unturned in its quest for rare earth elements, or REE—a major component of electronic products.
By Doris C. Dumlao
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.
By Ronnel W. Domingo
Gold sellers are actually paying less taxes than they should, according to chief revenue commissioner Kim Henares.