Bureau of Customs misses revenue target again
“Deviation vs target,” or deficit, has become a regular phrase in the monthly collection report of the Bureau of Customs (BOC).
“Deviation vs target,” or deficit, has become a regular phrase in the monthly collection report of the Bureau of Customs (BOC).
Global newspaper chiefs have some rare good news to share after years of slumping print sales and advertising revenues— readers appear increasingly willing to pay for online news.
Subic’s first quarter performance has been positive, indicating that the free port’s 2012 net profit of P811 million was no fluke, according to a top official of the Subic Bay Metropolitan Authority (SBMA).
RENT from stalls and government offices at the New Mandaue City public market increased the surplus revenue by P9 million in 2012 as compared to 2011′s surplus revenue. Market administrator Musoline Suliva said that the market revenue collected in 2012 was P34.7 million as compared to the P25.7 million in 2011. Suliva attributed the increase [...]
Still smarting from what he believed was an abandonment by Palace allies, Senator Ralph Recto on Wednesday lashed out at the Department of Finance (DOF), saying the version of the sin tax bill passed by the House of Representatives could be the product of a “Purisima-San Miguel” alliance that allowed lower taxes for fermented liquor such as beer.
The towns of Pangasinan and Benguet, which host the San Roque Dam, are complaining about massive cuts in their annual shares from taxes and revenues generated by the 345-megawatt San Roque hydroelectric power plant.
Government report says that a surplus of P31.024 billion was posted last month, trimming down year-to-date deficit to P2.885 billion. Indeed, revenues surged by more than a tenth in April and by 11.4 percent for the first four months of the year, while disbursements recorded an uptick of 9.1 percent and 12.1 percent, respectively.
The national government posted a record-high monthly budget surplus of P31 billion in April as both revenues and expenses grew by double digits year-on-year, according to the Bureau of the Treasury.
Revenues of companies sequestered by the government from deposed strongman Ferdinand Marcos and his cronies jumped by nearly 20 percent or P5.1 billion in 2011.
Customs collectors in Eastern Visayas have gone way off their mark in their target revenue figures for 2011, falling short by at least 50 percent.
The National Telecommunications Commission (NTC) failed to collect P5.75 billion in fees and penalties in 2010, depriving the government of the chance to make use of the revenues, the Commission on Audit (COA) said.
Produce first before you demand.
MANILA— The state-owned Philippine Amusement and Gaming Corp. chalked up record-high revenues for the fourth consecutive month in August as robust gaming operations were complemented by the agency’s cost-saving measures. Pagcor reported P3.11 billion in total revenues for the month of August, up by P634 million or 26 percent over the level in the same [...]
