BIR raid bags ₱151.1M worth of smuggled vape
THE Bureau of Internal Revenue (BIR) announced on Wednesday its personnel confiscated smuggled vape products with an estimated total tax liability of P151.1 million in several warehouse raids.
`
Banking and finance news has never been this accessible and convenient. With BusinessMirror, you can stay up to date with the latest banking news in the Philippines: from updates and analyses on the local and international financial sector to developments in the stock market, investment trends, and government taxation. Never miss out with BusinessMirror’s Banking and Finance News.
THE Bureau of Internal Revenue (BIR) announced on Wednesday its personnel confiscated smuggled vape products with an estimated total tax liability of P151.1 million in several warehouse raids.
SMALL borrowers who are looking to expand their businesses are expected to benefit from a new credit line facility that Asialink Finance Corp. secured from Taiwan’s Cathay United Bank Co. Ltd. (CUB).
LITHUANIA, which established itself as a hub for financial-technology startups over the past decade, will weed out many of the crypto companies operating there when it starts awarding licenses next year.
THE “buy now pay later” (BNPL) app operator First Digital Finance Corp. (DBA BillEase) announced last Wednesday of an “exceptional growth” in its preliminary unaudited financial report for 2023. The consumer finance company said it doubled revenues to $57 million and generated a net income of $7 million after serving over 800,000 customers.
ASSET liquidation efforts of the Philippine Deposit Insurance Corp. (PDIC) for corporate and closed bank portfolios reached P330 million in total sales for 2023.
BITCOIN investors facing pronounced swings in Asia may be grappling with the fallout of automated trading protocols reacting to flows data for US exchange-traded funds holding the cryptocurrency.
The Philippine Stock Exchange Inc. has added new features on its PSE Electronic Allocation System (PSE EASy) website, a platform that enables local small investors (LSIs) to participate in initial public offerings (IPO) and follow-on offerings.
To further protect your debit card with the Bank of the Philippine Islands (BPI), you need to buy an insurance product.
GLOBAL bonds dropped, tracking the previous day’s selloff in Treasuries, as traders priced the possibility of fewer interest-rate cuts this year from the Federal Reserve.
“IT is not the strongest of the species that survive, nor the most intelligent, but the ones most responsive to change” -Charles Darwin
THE Land Bank of the Philippines (LandBank) announced it has sold close to half a billion or P438-million worth of Retail Treasury Bonds Tranche 30 (RTB-30) investments through its online channels.
THE national government on Tuesday successfully borrowed P30 billion from the tender of Treasury bonds (T-bonds) despite slightly higher investors’ asking rates amid the possible delay in Fed rate cuts.
EXECUTIVES of HSBC Holdings Plc are urging Philippine-based digital businesses looking to expand to other parts of Southeast Asia to tap the $1-billion Asean Growth Fund (AGF) launched by the London-headquartered lender days ago.
BITKUB Capital Group Holdings, the owner of Thailand’s biggest crypto exchange, is planning an initial public offering for 2025, Chief Executive Officer Jirayut Srupsrisopa said in an interview on Monday.
A HEAD of the Department of Finance’s (DOF) 127th anniversary on April 24, its top official reminded its employees of the agency’s legacy and compelled them to use their hearts in the service of others.
HOW do you raise the start-up capital for your business?
SECURITY Bank Corp. (PSE: SECB) aims to scale up its green financing business through an agreement with the World Bank Group’s private sector arm, the International Finance Corp. (IFC).
THE national government started its first auction for the second quarter of the year by successfully raising P17 billion from the tender of Treasury bills (T-bills), P2-billion higher than what it calculated in its domestic gross borrowing program.
THE Government Service Insurance System announced last Monday that President and General Manager Jose Arnulfo A. Veloso awarded land titles to five beneficiaries from various GSIS housing programs in Rizal. The pension fund also said it awarded government agencies who supported the GSIS’s mandate of securing the future of government employees during a meeting with the pension fund’s stakeholders in Antipolo.
THE national government reported that it spent more in terms of amortization than interest payments, the sum having totaled P158.898 billion in debt payments for January this year, according to the Bureau of the Treasury (BTr).
Regulators are looking at creating guidelines for cryptocurrencies, Finance Secretary Ralph G. Recto said.
The Department of Finance (DOF) expressed its heartfelt condolences to the family and loved ones of Securities and Exchange Commission (SEC) Commissioner Hubert Dominic B. Guevara who passed away on March 29 at 56.
SENATOR Sherwin T. Gatchalian, in filing an enabling resolution, clears the way for an inquiry into the Bureau of Internal Revenue’s imposition of a 25-percent withholding tax and 12-percent value-added tax (VAT) on all cross-border services rendered by non-resident foreign corporations (NRFC) triggering woes “this could drive away foreign entities from doing business in the country.”
STRATEGIC board engagement goes beyond attending meetings and approving decisions. It also involves active participation, thoughtful deliberation, and a deep commitment to advancing the association’s mission.
THE Philippine office of Sun Life Global Solutions (SLGS) Pvt. Ltd. announced plans to grow its gender diversity in jobs involving technology.
GLOBE Fintech Innovations Inc. (GFII), operator of the electronic wallet GCash, has joined a dozen financial technology (fintech) firms based in Asia in the launch of “Programme Sirus.”
EMERGING risks to inflation and a tentative outlook for export growth may push back any decision of the Monetary Board to cut key interest rates in the country this year, according to ANZ Research.
THE Supreme Court (SC) has directed the Court of Tax Appeals (CTA) to determine the civil liability for unpaid taxes of a private contractor from Palawan in relation to the projects funded by the Malampaya funds.
THE Bureau of Internal Revenue (BIR) announced on Wednesday that it has issued about 100,000 Digital taxpayer identification number (TIN) IDs as part of its digitalization efforts to improve taxpayer service.
IN a move to bolster entrepreneurship and support micro-sized, small-sized and medium-sized enterprises (MSMEs), the House of Representatives has given its nod to House Bill (HB) 10049, which aims to strengthen and empower financing and other support programs for these vital economic contributors.
Input your search keywords and press Enter.