Amending the creditable withholding rates of income payments to Meralco

The Bureau of Internal Revenue (BIR) has issued Revenue Regulation (RR) 15-2022 to inform all concerned regarding the amendment of the creditable withholding rates of income payments to Meralco. These are the creditable withholding tax rates for the following income payments: I. Meralco payments on the following: a. Meralco Refund arising from ERC Case Nos. […]

Phinma income declines to P407M

Phinma Corp. registered an attributable net income of P406.83 million in the first half, lower by 7.8% than a year ago, amid higher costs caused by supply chain difficulties. The company’s topline grew by 10.4% to P8.63 billion while its costs rose by 18.2% to P1.04 billion. In a disclosure on Thursday, the company said […]

Three local companies enter Forbes’ under a billion list

Three Philippine companies — COL Financial Group, Inc., Crown Asia Chemicals Corp. and Eagle Cement Corp. — are among Forbes Asia’s roster of top-performing publicly traded small and midsized firms in the Asia-Pacific region this year. The annual “Forbes Asia’s Best Under A Billion,” identifies the top 200 companies out of 20,000 publicly listed firms in the […]