Gov’t may issue 2nd OFW bond in Q4

BY DENNIS GADIL

The government may be tempted to float another multicurrency retail treasury bonds (RTBs) for overseas Filipino workers (OFWs) in the fourth quarter after this week’s successful sale of the first-ever dollar-euro bonds in the local debt market...(more)

BIR hopes to top April target

BY DENNIS GADIL

The Bureau of Internal Revenue (BIR) is expecting another surplus month this April after hauling in P57.5 billion in the first 19 days, 58 percent better than the P36.4 billion it collected in the same period last year...(more)

SICPA ‘shortcuts’ causing delay: Javier

The chief House prober of the controversial government-SICPA stamp tax proposed deal yesterday said the Swiss firm has no one but itself to blame for the long and slow contract negotiations...(more) - Dennis Gadil

SICPA dared to make ‘no cure no pay’ deal

BY DENNIS GADIL

An umbrella group for tobacco players yesterday challenged SICPA Product Security SA to forge a "no cure-no pay" agreement with the Bureau of Internal Revenue (BIR) to back up its boast of increased revenues from its unsolicited stamp tax technology...(more)

Gov’t sets April 21 launch of OFW bonds

BY DENNIS GADIL

After almost a year of delay, the government is finally launching its OFW bonds tomorrow, selling multicurrency retail treasury bonds (RTBs) with tenors of three and five years worth $500 million, with an upsize option to $1 billion...(more)

SICPA says RP negotiation taking longer than usual

BY DENNIS GADIL

Swiss firm SICPA Product Security SA, finding its negotiations with the government over its stamp tax technology "too taxing," is thinking of dropping the project...(more)

BIR chief lukewarm on 15% VAT

BY DENNIS GADIL

The chief government tax man has taken up the cudgels for ordinary taxpayer by recommending a "no touch" policy on the existing 12 value added tax (VAT), which some economic quarters wanted to be raised to 15 percent...(more)

BIR exceeds Q1 target

BY DENNIS GADIL

The Bureau of Internal Revenue (BIR) collected P172.3 billion during the first quarter, exceeding by 9.3 percent its target of P157.7 billion...(more)

BIR to seize Makati govt’s vehicles

The Bureau of Internal Revenue (BIR) will start garnishing the motor vehicles of Makati City Hall next week after failing to get a "better" deal from local city officials...(more) - Dennis Gadil

Investors shy away from longer-term bonds

The government sold P3.362 billion of 10-year treasury bonds during yesterday’s auction, fetching an average rate of 7.831 percent, up 0.1 percentage point from the previous 7.83 percent...(more) - Dennis Gadil

PSALM completes P30B bond float

BY DENNIS GADIL

State-owned Power Sector Assets and Liabilities Management Corp. (PSALM) yesterday raised another P10 billion in retail treasury bonds (RTBs) from individual investors, completing its bond proceeds goal of P30 billion...(more)

BIR’s next target is big conglomerates

BY DENNIS GADIL

The Bureau of Internal Revenue (BIR) has formed a tax force that would run after big conglomerates which are suspected of dodging tax obligations through complex financial transactions among daughter corporations...(more)

HGC chief says bulk of bond float to be used to pay SSS guarantee

BY DENNIS GADIL

Government-owned Home Guaranty Corp. (HGC) will use bulk of the proceeds from its planned P5.5 billion bond offering to settle its remaining obligations with state pension fund Social Security System (SSS) amounting to P3 billion
...(more)

BIR surpasses March target

BY DENNIS GADIL

The Bureau of Internal Revenue (BIR) has exceeded its March collection goal by P1.4 billion to P54.8 billion from its original target of P53.4 billion...(more)

Gov’t cuts borrowing to stem rise in yield

BY DENNIS GADIL

Yields for the three short-dated debt papers fell across the board during Monday’s auction with the benchmark 91-day Treasury bills (T-bills) shedding 2.5 basis points to 3.875 percent from 3.900 percent fetched during previous auction...(more)

Gov’t mulls increasing OFW share in bonds

The Bureau of the Treasury (BTR) is open to tweaking the 20 percent quota for overseas workers (OFWs) in its planned OFW bond float later this month to unleash more supply to the OFW sector as against institutional investors or banks...(more) - Dennis Gadil