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Credit raters caution against watering down tax reforms

THE CURRENT FORM of the second tax reform package, as approved by a House of Representatives committee earlier this month, risks slowing momentum of progress in state revenues and infrastructure spending, senior executives of Fitch Ratings and Moody’s Investors Service warned.

DoF projects P61.3B in collections from higher sin taxes in 2020

THE DEPARTMENT of Finance (DoF) said that the government may raise an additional P61.3 billion worth of revenue in the second round of increased “sin” taxes proposed under its comprehensive tax reform program.

Second round of sin tax hikes seen to generate P61.3-B revenue...

THE DEPARTMENT of Finance (DoF) said the government may get an additional P61.3 billion revenues in the second round of sin tax hikes proposed...

Higher revenues boost Chelsea Logistics’ first-half profit

Chelsea Logistics Holdings Corp. (CLC) booked higher earnings in the first half of this year driven by a surge in revenues. In a disclosure to...

Customs’ July collection exceeds target

The Bureau of Customs (BoC) revenues continued to rise and beat its targets on the back of a weaker local currency and high world...

DM Wenceslao posts lower profit, revenues in second quarter

D.M. Wenceslao & Associates, Inc. (DMW) saw its attributable profit slip by 6% in the second quarter of 2018, as revenues likewise slowed during...

URC second-quarter profit slips, revenues rise

Universal Robina Corp. (URC)’s attributable profit dropped by more than a third during the second quarter of 2018, taking a hit from the weakening...

Fiscal deficit below target in first half as revenues rise

By Elijah Joseph C. Tubayan, Reporter THE GOVERNMENT'S fiscal deficit was still below target as of the first half of the year as revenues continue to...

Philweb trims losses by 76% in second quarter

Philweb Corp. trimmed its net loss attributable to equity holders of the parent by 76% in the second quarter of 2018, after its revenues...

DBM chief warns of SC ruling’s fiscal risk

THE GOVERNMENT’S fiscal position may be at risk from the Supreme Court (SC) ruling that local governments’ share in state revenues includes all national government taxes, not just those collected by the Bureau of Internal Revenue (BIR), Budget Secretary Benjamin “Ben” E. Diokno said on Wednesday.

May sees state revenues, spending rise

THE GOVERNMENT saw its fiscal deficit dip last month from the past year, as revenue growth slightly outpaced that of spending, the Bureau of the Treasury (BTr) reported on Monday.

Fiscal deficit shrinks by 2% in May

THE GOVERNMENT posted a P32.9-billion fiscal deficit in May, down 2% from P33.4 billion in the same month last year. Overall government revenues in May...

ALI Q1 profit rises on higher real estate, commercial revenues

Earnings of Ayala Land, Inc. (ALI) went up by 17% during the first quarter of 2017, supported by its aggressive real estate and commercial...

EDC expects flat profit, revenues this year

Energy Development Corp. (EDC) expects this year's revenues and profit to be flat, a positive development for the Lopez-led listed company that ended the...

PhilWeb revenues surge in first quarter

PhilWeb Corp. posted a first-quarter total revenues of P87.8 million, at least three times more than the P26.1 million recorded in the same quarter...

RFM posts 7% jump in first-quarter profit

RFM Corp. grew its earnings by 7% in the first quarter of 2018, boosted by higher sales from its ice cream, pasta, flour, and...

Customs reassigns collectors who failed to meet revenue goal

THE BUREAU of Customs (BoC) reshuffled its district collectors and other personnel to its other ports after failing to meet their respective revenue targets...

Customs beats March revenue target

THE BUREAU of Customs (BoC) revenues grew by a fifth in March to beat its target with the help of the majority of its...

Cebu Pacific books lower profit in 2017

Cebu Pacific (Cebu Air Inc.) posted a net income of P7.91 billion for 2017, 18.9% lower than the P9.75-billion it earned in 2016, primarily...

Budget surplus widens in January

The government posted a wider budget surplus in January, the Bureau of the Treasury reported Friday, March 23, as revenues surged to outpace public...

Enterprise IT solutions boost PLDT revenues to record level

PLDT Inc. posted a record P34.1 billion of revenues in 2017 from its enterprise business, up 11% from the previous year. In a statement, PLDT...

Cebu Landmasters’ 2017 profit surges 66% to P1.29 billion

Cebu Landmasters, Inc. (CLI) delivered a 66% increase in net income in 2017, allowing it to breach its profit target of P1.2 billion for...

Fiscal deficit halved in September

By Elijah Joseph C. Tubayan Reporter THE NATIONAL GOVERNMENT’s fiscal balance swung to a deficit in September from August’s surplus, a gap that was halved from...

July marks third month of budget gap

THE GOVERNMENT saw the third straight month of deficit in July, with revenues recovering from the previous month’s fall and spending maintaining its double-digit...

Philippine government's fiscal performance (as of January 2016)

The government posted a budget deficit in January this year, but economists believe state spending should have increased faster ahead of the March 25-May...

Fiscal performance, OCT 2015

>> Read the related story: Gov’t spends more, still off fiscal track