Gov’t likely to breach H1 deficit ceiling

The government is likely to breach its programmed deficit of P145.1 billion for the first semester. - Dennis Gadil
(more)

P’que pursues PEA-Amari deal

BY DENNIS GADIL

The voided PEA-Amari contract of the Ramos administration is undergoing a legal remodeling with the entry of the Paranaque local government as "front" for the state reclamation agency to pursue development of Freedom Islands under a new joint venture deal with Thailand-based developer Ital-Thai... (more)

Higher deficit set to reflect bigger budget shortfall

The government has set a wider deficit in the third and fourth quarters to reflect the adjusted full year programmed deficit target of P300 billion from the previous ceiling of P293 billion. - Dennis Gadil (more)

DOF to appeal DOJ’s SICPA ruling

BY DENNIS GADIL

The finance department might seek a reversal of a justice department opinion rejecting the unsolicited stamp tax proposal of SICPA for failing to meet government criteria and for infringing on the revenue raising power of Congress... (more)

BOC, BIR collection targets increased

BY DENNIS GADIL

The outgoing administration has increased the collection targets of the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) for this year by P35 billion, virtually raising the bar on the revenue efforts of the incoming administration... (more)

BTr says no time left on HGC bonds

BY DENNIS GADIL

Officials are no longer confident that Home Guaranty Corp. (HGC) could push a planned P5.5 billion bond float before President Arroyo steps down on June 30... (more)