BIR exceeds April collection target
By Ronnel W. Domingo
The annual tax season made it for the Bureau of Internal Revenue as collections reached P149 billion in April, surpassing a month’s goal for the first time this year.
The annual tax season made it for the Bureau of Internal Revenue as collections reached P149 billion in April, surpassing a month’s goal for the first time this year.
Gaming firm Bloomberry Resort Corp. chalked up P578.3 million in revenue in the first 15 days of Solaire Manila Resort & Casino’s operations.
Petron Corp. said its revenue grew by 55 percent to P424.8 billion in 2012 from its Philippine and Malaysia operations, on higher domestic sales and the consolidation of Petron Malaysia in the second quarter of the year.
The government earned $1.1 billion in 2012 from its 10-percent stake in the Malampaya natural gas project through PNOC Exploration Corp.
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.
It may have received flack in recent months over transmission problems caused by its ongoing network upgrade, but it is difficult to tell when looking at the postpaid segment of Globe Telecom Inc.
The Subic Bay Metropolitan Authority (SBMA) on Tuesday reported that government revenue agents in the country’s freeport collected more in 2012 than the previous year and had turned over the amount to the national treasury.
The Government Service Insurance System’s net revenue eased by 2 percent year-on-year to P59.9 billion in 2012, mainly due to a surge in payout to members.
Google reported Tuesday that its profit climbed and its annual revenue hit an unprecedented high last year as it evolved to stay in tune with people using smartphones and tablets.
Philippine Games and Amusement Corp. expects a 6-percent increase in its gaming revenue this year to P29 billion, according to the state firm’s chief.
The Bureau of Customs will most likely miss its revenue collection target for the year, according to a study by the House of Representatives’ Congressional Policy and Budget Research Department (CPBRD).
The Government Service Insurance System’s net revenue in the seven months to July increased by 14 percent year-on-year to P46.4 billion, from P40.7 billion, as its equity investments rose due to the economy’s fair performance.
