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Last updateWed, 17 Sep 2014 11pm

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Lawmakers seek income, excise tax exemption on gold sold to BSP

TWO lawmakers are seeking to remove the excise and income taxes on gold sold to the Bangko Sentral ng Pilipinas (BSP) to curb smuggling of gold out of the country and enhance the BSP’s gold resources.

Read more: Lawmakers seek income, excise tax exemption on gold sold to BSP

GSIS reports 6-month net income 4 percent lower to P45 billion

The Government Service Insurance System (GSIS) reported higher income in the first six months of the year, with a registered gross income of P83 billion and a net income amounting to P45 billion for the period.

Read more: GSIS reports 6-month net income 4 percent lower to P45 billion

TV5 using IBC-13 facilities

The Development Bank of the Philippines (DBP), financial advisor for the planned IBC-13 privatization, on Wednesday said some of the network’s facilities were being used by TV5 owned by businessman Manuel V. Pangilinan.

Read more: TV5 using IBC-13 facilities

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