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Biz Buzz: Leaving on a high note

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We hear that San Miguel Corp. chief Ramon Ang isn’t exactly ecstatic about giving up Philippine Airlines, which he nursed back to health for over two years.

Posted: September 19th, 2014 in Columnists,Featured Columns,Inquirer Columns | Read More »

Miners air anxiety over proposed bill

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Mining companies have expressed their uneasiness over a proposed bill of the interagency Mining Industry Coordinating Council, under which the government will receive a 10-percent share in the industry’s gross sale, or 55 percent of the adjusted net mining revenue, plus a share in windfall profit, whichever is higher. INQUIRER FILE PHOTO

Mining companies in the country have expressed their uneasiness over a proposed bill of the interagency Mining Industry Coordinating Council, under which the government will receive a 10-percent share in the industry’s gross sale, or 55 percent of the adjusted net mining revenue, plus a share in windfall profit, whichever is higher.

Posted: September 19th, 2014 in Editor's Pick,Headlines | Read More »

‘Remove excise tax on gold of small-scale miners’

POT OF GOLD A small-scale miner takes a break after taking out sacks of gold ore from a tunnel at the Acupan mines in Itogon, Benguet province. But there is still no light at the end of the tunnel for cutting taxes on gold sales. RICHARD BALONGLONG / INQUIRER NORTHERN LUZON

Two lawmakers from gold-rich Benguet province want to remove taxes on gold extracted by small-scale miners to curb the smuggling of the precious metal out of the country.

Posted: September 18th, 2014 in Latest Business Stories | Read More »

BIR collections rose by 8.01% in August

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Revenue Commissioner Kim S. Jacinto-Henares: Below-target collection AP FILE PHOTO

Collections of the Bureau of Internal Revenue (BIR) rose by 8.01 percent in August, although still short of its target for the month as the truck ban slashed profits of tax-paying companies.

Posted: September 17th, 2014 in Editor's Pick,Featured Gallery,Headlines,Latest Business Stories | Read More »

TMAP: Reduced rates promote equity in tax system

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Lower individual taxes will make the Filipino workforce more competitive with their Asean peers, according to a group of tax consultants and corporate tax practitioners.

Posted: September 12th, 2014 in Headlines | Read More »

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