Stock Market / Finance in Philippines
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PHILIPPINES, 2013/03/28
The Philippines' Securities and Exchange Commission (SEC) has drafted a new set of guidelines on foreign ownership in partly nationalised industries—a more liberal framework wherein the 40-per cent foreign equity limit is prescribed on both the voting shares and total outstanding shares.
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PHILIPPINES, 2013/01/17
The Philippines Bureau of Internal Revenue (BIR) has indicated that its budget for individual gain tax revenue will be PHP258.14bn (USD6.36bn) in 2013, a 16.4% increase over its target last year of PHP221.77bn.
Despite the passage of the "sin tax" law, which is expected to yield up to PHP40bn in increased revenue for the BIR, individual gain tax collections are expected to remain at around 20% of BIR’s total tax budget of PHP1.27 trillion, up 19.3% on its target of PHP1.06 trillion in 2012.
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PHILIPPINES, 2011/03/02
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