Congressmen buck SICPA deal

BY DENNIS GADIL

Congressional leaders yesterday slammed the deal for a stamp tax technology on cigarettes and alcohol products being worked out between the Switzerland-based SICPA Product Security SA (SICPA) and the Bureau of Internal Revenue (BIR), saying it is heavily in favor of the Swiss proponent...(more)

Gov’t eyes P2B from Nampeidai rebidding

BY DENNIS GADIL

Government is expecting at least P2 billion should it successfully re-privatize another Tokyo property, the one in the Nampeidai district, after disqualifying the winning Japanese consortium for fraud...(more)

DOF does ‘back-channeling’ for tax measures

BY DENNIS GADIL

Finance secretary Margarito Teves is not giving up on his legislative "wish-list" as he presses Congress anew to pass three key measures before it adjourns for this year to boost revenues and reduce the budget deficit...(more)

Gov’t likely to breach budget gap goal: Teves

BY DENNIS GADIL

Even if government succeeds in privatizing the Food Terminal Inc. and its 40 percent stake in PNOC-Exploration Corp. (PNOC-EC), it will still exceed its targeted deficit ceiling for this year, according to Finance Secretary Margarito Teves...(more)

Gov’t talking with 3 groups for FTI sale

BY DENNIS GADIL

The government is negotiating with three groups on the privatization of the Food Terminal Inc. (FTI) property in Taguig City, with the winner to be announced between November 30 and early December...(more)

Christmas bazaars, campaign contributions to be taxed

BY DENNIS GADIL

The presumptive replacement of resigned revenue commissioner Sixto Esquivias IV has come up with "high-profile" measures, including collecting from bazaars that sprout during the holidays and slapping a 5 percent tax on campaign expenditures, to reduce tax revenue shortfalls...(more)

T-bond rate falls 70 bps

The government secured cheaper borrowings Tuesday as it sold 25-year treasury bonds with a coupon rate of 9.250 percent, 70 basis points lower than the 9.950 percent fetched by the same long-dated debt paper in the secondary market.-Dennis Gadil...(more)

Privatization plan way off mark

BY DENNIS GADIL

A total of P1 billion earned; P29 billion to go in the last three months of the year...(more)