Tag: revenue
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Gov’t to consider new taxes if revenue collection falls short — Recto
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THE GOVERNMENT will only consider introducing new taxes if revenue collection falls short of target, the Department of Finance (DoF) said. “It’s easy to pass a tax law. It’s easy to do a tabletop revenue estimate. What’s always harder is implementing the law and collecting the tax,” Finance Secretary Ralph…
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Gov’t urged to look for new sources of revenue
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THE NATIONAL GOVERNMENT (NG) should look for new sources of revenues and improve tax administration, as it seeks to reduce dependence on borrowings to fund the national budget, lawmakers and analysts said over the weekend.
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MPTC eyes P30 billion in yearly revenue from Indonesia toll road
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PANGILINAN-LED Metro Pacific Tollways Corp. (MPTC) expects to generate P30 billion in yearly revenue from its toll road contract in Indonesia, which is expected to be signed this week, according to its chairman. “It is likely to be signed next week in Jakarta,” MPTC Chairman Manuel V. Pangilinan told reporters…
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Finance secretary wants to keep original revenue goals
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THE government is still looking at keeping its revenue goals for the year, Finance Secretary Ralph G. Recto said on Tuesday, after the Development Budget Coordination Committee (DBCC) cut the targets for the Tax and Customs bureaus. “Those are DBCC numbers,” he told BusinessWorld in a Viber message. “We haven’t…
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D&L says exports to capture half of revenue in next 2-3 years
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D&L Industries says exports to account for half of total revenue in next two to three years. D&L Industries, Inc. said it expects its export business to make up half of its total revenue in the next two to three years, driven by its new Batangas plant. “Maybe it will…
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FTC Solar Reports First Quarter 2024 Financial Results: Revenue in Line with Targets, Strategic Initiatives Drive Future Growth
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FTC Solar, Inc., a prominent provider of solar tracker systems, software, and engineering services, has disclosed its financial performance for the first quarter . Despite a decrease in revenue compared […] The post FTC Solar Reports First Quarter 2024 Financial Results: Revenue in Line with Targets, Strategic Initiatives Drive Future…
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Tata Power Achieves Record ₹4,280 Crore PAT in FY24, Boosts Revenue to ₹61,542 Crore with Over 10 GW in Renewables
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Tata Power, a leading integrated power company in India, announced a record profit after tax (PAT) of ₹4,280 crore for the fiscal year ending March 31, 2024. This marks the […] The post Tata Power Achieves Record ₹4,280 Crore PAT in FY24, Boosts Revenue to ₹61,542 Crore with Over 10…
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Gov’t collected P1.4 trillion of revenue as of April — Recto
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THE GOVERNMENT collected P1.4 trillion in revenue in the first four months of 2024, accounting for almost a third of its full-year target, preliminary data from the Finance department showed. “My calculation is we are at P1.4 trillion. That’s for the first four months,” Finance Secretary Ralph G. Recto told…
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No need to revise revenue targets yet — Finance chief
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THERE IS NO NEED to revise revenue targets yet as the government is still on track to meet its fiscal targets on the back of efforts to enhance tax administration, Finance Secretary Ralph G. Recto said. “Our revenue collection today seems to be on target. No need to revise it…