BIR: Only 24.9 percent of large taxpayers paid ahead of June 15 deadline
Only almost a fourth of firms that the Bureau of Internal Revenue (BIR) had registered as large taxpayers were able to settle their 2019 tax dues ahead of the extended…
COVID-19 shadow loomed large over decline of first quarter infra spending
Public infrastructure spending rose in March, but first-quarter total fell year-on-year and below target, squeezed partly by the COVID-19 lockdown that started middle of March and froze major projects, the…
PNB’s Q1 net profit down 29.7% on large loan loss provision
Tycoon Lucio Tan-led Philippine National Bank (PNB) saw a 29.7 percent year-on-year drop in first quarter net profit to P1.3 billion due to a large increase in loan loss provisioning…