SEIPI keeps 5% export growth target

A worker operates the die attach machine at a semiconductor manufacturing plant in Manila, Dec. 10, 2008. — REUTERS THE SEMICONDUCTOR and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) is optimistic it will achieve its 5% export growth target despite a drop in electronics exports in the first quarter. […]

PHL posts lowest VAT efficiency in region

A team from the Bureau of Internal Revenue (BIR) checks the tax compliance of several establishments in Manila. — PHILIPPINE STAR/EDD GUMBAN THE PHILIPPINES should improve its value-added tax (VAT) collection as it continues to have the lowest efficiency level in Southeast Asia, Finance Secretary Benjamin E. Diokno said. In […]

Q1 domestic trade value, volume climb

PHILIPPINE STAR/EDD GUMBAN THE DOMESTIC TRADE in goods grew by 46.7% year on year in the first quarter to P199.72 billion, the Philippine Statistics Authority (PSA) said on Tuesday. However, this amount was smaller than P283.71 billion in the fourth quarter of 2022, preliminary data from the PSA’s Commodity Flow […]