Published March 4, 2021, 4:20 PM
International Container Terminal Services, Inc. (ICTSI) reported a slight uptick in audited consolidated attributable net income to US$101.8 million last year, one percent higher than the US$100.4 million earned in 2019.
In a disclosure to the Philippine Stock Exchange, the firm said the growth in earnings is mainly because of higher revenues, lower cash operating expenses resulting from continuous group-wide cost reduction and optimization measures.
Revenue from port operations reached US$1.51 billion in 2020, two percent higher compared to the US$1.481 billion reported the previous year.
The firm said this is due to the positive contribution of a new terminal in Rio de Janeiro, Brazil, and lower equity in net loss of joint ventures; tapered by an increase in interest on concession rights payable recognized at the new terminal in Cameroon and the full year impact of the new terminal in Brazil; additional impairment charges
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BIR told to pursue tax evaders as bizmen vow support to collection campaign By JON VIKTOR D. CABUENAS, GMA News
Published February 18, 2021 7:59pm Philippine businesses this week pledged anew their support to the government s tax collection campaign, but called on the Bureau of Internal Revenue (BIR) to intensify efforts and go after those who do not pay their necessary dues. During the National Tax Campaign Kickoff, International Container Terminal Services Inc. chairman and president Enrique Razon Jr. said the BIR is now in the best position to go over tax evaders given its shift to digitize and simplify the tax collection process.
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Published February 17, 2021, 5:57 PM
No more ‘bad tomatoes” in the Bureau of Internal Revenue (BIR).
Commissioner Caesar Dulay made this vow to rid the service of corruption during the virtual launch of the 2021 tax collection campaign at the Philippine International Convention Center (PICC) in Pasay City Wednesday, Feb.17.
Bureau of Internal Revenue (BIR)
(MANILA BULLETIN)
Despite this declaration, Dulay insisted that a big majority of the revenuers were honest and dedicated to their jobs, as evidenced by the P305-billion collection surplus generated last year.
The agency raised more than P1.9 trillion in 2020. The target for this year is to garner P2.081 trillion.