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The Bureau of Internal Revenue, headed by Commissioner Romeo D. Lumagui Jr., filed 69 criminal cases for tax evasion with the Department of Justice earlier today, May 25, 2023. These cases were filed against illicit cigarette traders who were caught after the first nationwide raid conducted by the BIR last…
A judge determined that while Nicholas Weber had made “offensive and vulgar statements” against the family, the incident remained a “general intent crime”
WITH inflation to have slightly cooled in February, local and international think tanks believe the Bangko Sentral ng Pilipinas (BSP) will raise interest rates by only 25 basis points (bps) on Thursday. The First Metro Investment Corp.-University of Asia and the Pacific (FMIC-UA&P) Capital Markets Research believes the increase in…
HOT money inflows surged in January on the back of investments in the Philippine Stock Exchange (PSE)-listed as well as government securities, according to the Bangko Sentral ng Pilipinas (BSP). Data from the BSP showed that net hot money inflows reached $292.12 million, a 214.1-percent growth from December 2022 and…
THE country’s balance of payments (BOP) position improved and posted a surplus for the first time in nine months, according to the Bangko Sentral ng Pilipinas (BSP). The country posted a BOP surplus of $3.1 billion in January 2023, a reversal from the $102-million BOP deficit recorded in the same…