THE National Telecommunications Commission (NTC) said on Wednesday it has exceeded its collection target by almost a fifth for the year, as it doubled down on remittance enforcement. A statement quoted NTC Commissioner Gamaliel A. Cordoba as saying the agency has collected P6.63 billion as of September 27. This figure…
EXECUTIVES of Dragonpay Corp. said they remain bullish on the firm’s expansion and taking digital payments to the next level. “Despite headwinds brought about by the pandemic, the company’s transaction volume in the past 12 months doubled compared to the same period the year before,” a statement by the registered…
THE Philippine government aims to raise P200 billion from debt papers in October, according to the Bureau of the Treasury (BTr). The amount covers P60-billion worth of Treasury bills and P140 billion-worth of Treasury bonds to be auctioned off next month. The borrowing program is the same throughout the year…
THE Philippines can only “adapt” to the effects of US interest rate hikes by raising more dollars, House Committee on Ways and Means Chairman Joey Sarte Salceda said. In theory, there is no level in which the Philippines can raise interest rates without some damage to aggregate demand, said the…
MEMBERS of the nonprofit group Sin Tax Coalition said they laud House Ways and Means Committee Chair Rep. Joey Salceda and the Department of Health (DOH) for proposing higher excise taxes on sin products, including cigarettes, alcohol, sugar sweetened beverages and novel tobacco products such as vapes. Salceda filed House…