Top News

In line with the agency’s mission to raise government revenues through effective and efficient tax administration, the Bureau of Internal Revenue (BIR) achieved a milestone accomplishment by hitting all its collection targets for the first four months of the year. Under the stewardship of Commissioner Romeo D. Lumagui, Jr., the BIR has implemented new measures that have promoted voluntary compliance, …

Manila Water Company (MWC) continues to extend cross-border sharing to Maynilad Water Services, Inc. (MWSI) to alleviate supply woes in the latter’s concession area. This cross-border sharing deal allows Maynilad to tap treated water from Manila Water’s distribution network. In two locations along Aurora Boulevard in Quezon City, Manila Water has been providing up to 22 million liters of water …

Manila Water is on par with water utilities in developed countries when it comes to the level of water losses, or non-revenue water (NRW). In 2022, Manila Water averaged 12.69% NRW, which is one of the lowest in Asia. Non-revenue water is defined as water that is not billed and is lost through leaks or illegal connections. This means that …

The Philippine Amusement and Gaming Corporation (PAGCOR) led the groundbreaking of a basketball court-type multi-purpose evacuation center (MPEC) in a calamity-prone town here. The groundbreaking activity, held on April 28, 2023, formally marked the construction of the P12.7 million emergency structure in Barangay Cabubuhan, which has long been suffering from the aftermath of natural calamities. The town lacks temporary shelters …

Throughout the years, Manila Water has put premium in developing systems and technologies to better serve their customers and lessen its environmental impact in its operations. At the National Economic Development Authority’s Innovation Day exhibit (April 28) held at the Philippine International Convention Center, the water concessionaire had the chance to showcase six cutting-edge technologies used in its operations to …

President Ferdinand Marcos Jr. and Trade and Industry Secretary Fred Pascual, together with other members of the Philippine delegation, welcomed on Monday, 1 May 2023, the cooperation agreement signed between Integrated Micro-Electronics, Inc. (IMI) and Zero Motorcycles, a global leader in electric motorcycles and powertrains. As one of the proponents of the country’s transition to electric vehicles and the use …

After the declaration of Commissioner Romeo Lumagui, Jr. of an all-out war vs. Fake/Ghost receipts, he will launch another skirmish, this time against the Buyers. Notices will be served to shameless buyers who continuously patronize the fraudulent activities brought by these receipts.  The notices will be served by the National Task Force – Run After Fake Transactions (RAFT). Said task …

Department of Trade and Industry (DTI) Secretary Fred Pascual met with Australia’s Trade and Tourism Minister, Senator the Honorable Don Farrell and his delegation on 25 April 2023 to discuss enhancement of current relations in the context of ongoing discussions toward a strategic partnership.  Economic and trade relations with Australia are undertaken through bilateral and regional mechanisms such as the …

The Philippine Amusement and Gaming Corporation (PAGCOR) came up with another record-breaking income performance after it posted a total revenue of P17.70 billion for the first quarter of 2023, surpassing by 42.8% its P12.4 billion production during the same period last year.  Of the agency’s P17.70 billion income haul for the first three months of the year, P16.87 billion came …

The Securities and Exchange Commission (SEC) is increasing the fines and penalties to be imposed on corporations for the late and non-filing of certain annual reports, in an effort to boost compliance with reportorial requirements.  The Commission on April 26 issued for public comment draft guidelines on the updated scale of fines for the late and non-submission of audited financial statements …