Day: July 7, 2025

Manila: The Bureau of Internal Revenue (BIR) on Monday reported the filing of tax evasion charges before the Court of Tax Appeals against large-scale illicit cigarette businesses for failure to pay PHP793 million in taxes. According to Philippines News Agency, BIR Commissioner Romeo Lumagui Jr. announced that the cases were filed before the tax court on July 1 after the Department of Justice (DOJ) ruled in favor of the complaints filed by the BIR against illegal cigarette operations in Valenzuela City and San Rafael, Bulacan. The BIR charged the lessee of a warehouse located in Barangay Ugong, Valenzuela City, for

Manila: President Ferdinand R. Marcos Jr. is supportive of proposals to regulate and potentially tax online gaming platforms, especially if these initiatives are aimed at safeguarding public welfare and addressing gambling addiction, Malaca±ang announced. Palace Press Officer Claire Castro stated that Marcos recognizes the risks associated with unregulated online gambling and would not oppose well-researched measures and policies to control this sector. According to Philippines News Agency, the Department of Finance (DOF) has proposed imposing a tax on online gaming to restrict its proliferation, with the aim of benefiting Filipino families. “Ang proposal po na ito ng DOF na magkaroon

Manila: President Ferdinand R. Marcos Jr. is in full support of strengthening transparency and accountability in government, Malaca±ang said Monday, amid a proposed law mandating public officials to waive their bank secrecy rights. According to Philippines News Agency, Senate President Francis Escudero earlier refiled a measure that mandates all public officials and employees to waive their rights under Republic Act No. 1405, or the Law on the Secrecy of Bank Deposits, and Republic Act No. 6426, or the Foreign Currency Deposit Act. Under Escudero’s bill, government personnel -except those serving in an honorary capacity- will be required to submit a

Manila: The Bureau of the Treasury (BTr) raised PHP28.4 billion from the Treasury bills (T-bills) auction on Monday, surpassing the PHP25 billion initial offer. According to Philippines News Agency, total tenders for the 91-day T-bills reached PHP30.55 billion. The Auction Committee accepted PHP7 billion, with the yield settling at 5.526 percent. The average yield for the 182-day tenor settled at 5.618 percent. The Auction Committee accepted PHP11.9 billion from the PHP33.69 billion total tenders, exceeding the PHP8.5 billion initial offer. For the 364-day T-bills, the BTr raised PHP9.5 billion, with the yield settling at 5.656 percent.

Manila: The Overseas Workers Welfare Administration (OWWA) reaffirmed its commitment to provide full assistance and reintegration support to returning overseas Filipino workers (OFWs) from Israel, following the arrival of 25 caregivers at the Ninoy Aquino International Airport (NAIA) Terminal 3 on Sunday evening. OWWA Administrator Patricia Yvonne Caunan and Department of Migrant Workers (DMW) Secretary Hans Leo Cacdac personally welcomed the repatriates, who were accompanied by Philippine Labor Attach© to Macau Hector Cruz Jr. According to Philippines News Agency, upon arrival, the group underwent medical screening by the Department of Health (DOH). “Some had health concerns, and they were promptly