Wednesday, May 20, 2026
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Tag: Revenue

PAGCOR defends online gaming as key revenue source

State-run Philippine Amusement and Gaming Corporation (PAGCOR) defended online gaming as a major source of government revenue, even as it warned against unregulated sites...

Gov’t budget deficit shrank 34% to P18.9b in July 2025—BTr

The government's budget deficit narrowed by 34.4 percent to P18.9 billion in July 2025 from P28.8 billion recorded in the same month last year,...

Toyota Motor Philippines paid P24 billion in duties and taxes in first half of 2025

Toyota Motor Philippines Corp. (TMP) paid P24.09 billion in duties and taxes in the first half of 2025, a 29-percent increase from P18.67 billion...

Benguet Corp.’s first-half net income after tax more than doubled to P624 million

Listed miner Benguet Corp. said Friday its second-quarter consolidated revenues climbed 33 percent to P1.1 billion from P800 million in the same period a...

Megawide’s net income hit P436 million in first half of 2025

Megawide Construction Corp. reported a consolidated net income of P436 million in the first six months of 2025, representing 81 percent of its 2024...

Gov’t revenue collection to reach P7 trillion by 2030, says Recto

The Philippine government's revenue collections are on track to reach P7 trillion by 2030, led by aggressive tax collection efforts and new fiscal reforms,...

BIR tax collection rose 14% to P1.55 trillion, topped first-half target

MANILA, Philippines—The Bureau of Internal Revenue (BIR) said Friday it surpassed its collection targets for both June and the first half of 2025. BIR Commissioner...

Online gambling firm DigiPlus earned P8.4 billion in first half of 2025

DigiPlus Interactive Corp., a listed company which operates digital entertainment platforms like BingoPlus and ArenaPlus, on Thursday reported a net income of P8.4 billion...

D&L Industries bullish on exports despite tariff issues

D&L Industries Inc. expects strong export growth to continue despite global trade challenges. D&L reported a 6% increase in first-half 2025 net income and...

Cosco Capital’s first-half income rose 9.3% to P7.6 billion

Cosco Capital Inc. reports a 9.3% increase in first-half net income to P7.6 billion, driven by robust performance in its grocery and liquor businesses...

SM Investments earned P42.6 billion in six months

SM Investments Corp, (SMIC), the listed holding company of Sy family, recorded a 6-percent increase in consolidated net income to P42.6 billion in the...

Recto urges BIR to boost daily tax collection to P8.6 billion

The Department of Finance urged the Bureau of Internal Revenue (BIR) to collect an average of P8.60 billion in taxes to support the government's...

PAL’s second-quarter income soared 48% to $60 million

Philippine Airlines (PAL) said Thursday its net income flew 48 percent to $60 million in the second quarter of 2025 from a year ago...

BIR, LandBank team up for digital service tax portal

The Bureau of Internal Revenue (BIR) tapped Land Bank of the Philippines to create the Value-Added Tax on Digital Services (VDS) Portal. The platform will...
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