By Luisa Maria Jacinta C. Jocson, Reporter LOCAL government units (LGUs) face an uphill task in staffing up to implement devolution and taking charge of irrigation in the wake of the Supreme Court’s Mandanas-Garcia ruling, mayors said. “We are supportive of devolution. It’s just that there are limitations on the part of the local government […]
Tag: revenue
Yew Lee Posts RM6.1 Million Revenue in 3Q
KUALA LUMPUR, Nov 30, 2022 – (ACN Newswire via SEAPRWire.com) – Yew Lee Pacific Group Berhad, a manufacturer of industrial brushes as well as trading of industrial hardware and machinery parts, today announced that the Group recorded revenue of RM6.10 million for the third quarter ended 30 September 2022 (3Q FY2022). Managing Director of Yew […]
Minetech Records 32% Increase in Revenue for 2Q
KUALA LUMPUR, Nov 24, 2022 – (ACN Newswire via SEAPRWire.com) – Civil engineering specialist and bituminous products manufacturer Minetech Resources Berhad today reported that the Company recorded a 31.9% rise in revenue to RM26.9 million for the second quarter ended 30 September 2022 (2Q FY2023) compared with RM20.4 million in the corresponding quarter of the […]
EC Healthcare Announces FY2022/23 Interim Results, Revenue Increased 31.1% YoY Mainly Driven by Medical Services
HONG KONG, Nov 24, 2022 – (ACN Newswire via SEAPRWire.com) – EC Healthcare (the “Company”, which together with its subsidiaries is referred to as the “Group”, SEHK stock code: 2138), the largest non-hospital medical group in Hong Kong, announces today its unaudited interim results for the six months ended 30 September 2022 (the “Period”). Business […]
China XLX’s Revenue for 9M 2022 Increased by 49% YoY Commissioning of various production bases in different regions drives the Group’s high-quality production development
EQS Newswire / 21/11/2022 / 19:03 UTC+8 China XLX’s Revenue for 9M 2022 Increased by 49% YoY Commissioning of various production bases in different regions drives the Group’s high-quality production development Highlights of 2022 First Three Quarters Results: Revenue increased by 49% YoY to approximately RMB17,516 million. Net profit increased by 14% […]
Customs exceeds 2022 collection target
THE Bureau of Customs (BoC) said on Tuesday that it has surpassed its 2022 revenue collection target, based on preliminary estimates. As of Nov. 11, the bureau collected a record P745.5 billion, exceeding its 2022 target by 3.32%. All 17 collection districts hit their respective collection targets, the bureau said. The BoC exceeded its target […]
New BIR commissioner sworn in
ROMEO D. Lumagui, Jr. has been sworn in as the Commissioner of Internal Revenue, after having served as the agency’s deputy commissioner of operations, the Palace announced. Mr. Lumagui, a tax lawyer, took his oath on Tuesday, the Office of the Press Secretary (OPS) said in a statement. Mr. Lumagui headed various task forces at […]
Snap’s slowing ad growth sends inflation fears through tech sector
Snap Inc. on Thursday forecast no revenue growth in the typically busy holiday quarter, sending a warning signal that rising inflation and the war in Ukraine could hurt other tech companies dependent on advertising revenue. Shares of Snap dropped 27% in after-hours trading. The owner of photo messaging app Snapchat is the first of the […]
Tax ‘leakage’ from POGOs estimated at P1.9B as of August
THE tax “leakage” due to incorrect payments by Philippine Offshore Gaming Operators (POGOs) was estimated at P1.9 billion in the eight months to August, a senior legislator said. Senator Sherwin T. Gatchalian said in a statement on Tuesday that the estimate suggests that “we are not realizing the full benefits of allowing POGO operations in […]
Customs exceeds August collection target by 34.1%
THE Bureau of Customs (BoC) said on Sunday that it exceeded its August collection target by 34.1%, which it credited to the digitalizing and streamlining of its processes, and as imports rose following the reopening of the economy. In a statement, the BoC said August collections hit P78.902 billion, exceeding the target of P58.849 billion. This […]
Huisen Household Announces 2022 Interim Results
HONG KONG, Aug 31, 2022 – (ACN Newswire via SEAPRWire.com) – China’s major furniture product manufacturer Huisen Household International Group Ltd. (“Huisen Household” or “the Group”; stock code: 2127.HK) announced unaudited interim results for the period ended 30 June 2022 (“the Reporting Period”) yesterday. During the reporting period, the weak real estate market and the […]
Mining bill expected to raise gov’t revenue but poses risk to FDI growth
By Luisa Maria Jacinta C. Jocson, Reporter THE proposed new fiscal regime to govern the mining sector is expected to strengthen the position of responsible miners and benefit the government, which will receive a fairer share of the revenue generated by the industry, analysts said, though miners warned that investors may elect to go elsewhere […]
Sino Biopharmaceutical (1177.HK) Announces 2022 lnterim Results, Revenue up by 5.9% to RMB15.19 billion
HONG KONG, Aug 23, 2022 – (ACN Newswire via SEAPRWire.com) – Sino Biopharmaceutical Limited (“Sino Biopharmaceutical” or the “Company”, together with its subsidiaries, the “Group”) (HKEX:1177), a leading innovation-driven pharmaceutical conglomerate in the PRC, has announced its unaudited Interim results for the six months ended 30 June 2022 (the “Period”). Development Highlights— The Group achieved […]
Kingsoft Announces 2022 Interim and Second Quarter Results
HONG KONG, Aug 23, 2022 – (ACN Newswire via SEAPRWire.com) – Kingsoft Corporation Limited (“Kingsoft” or the “Company”; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited 2022 interim results and its second quarter results for the period ended 30 June 2022. For the first half of 2022, […]
China XLX Announces 2022 Interim Results Revenue Increased by 61% YoY
EQS Newswire / 22/08/2022 / 10:32 UTC+8 China XLX Announces 2022 Interim Results Revenue Increased by 61% YoY 2022 Interim Results Highlights: Revenue increased by 61% YoY to approximately RMB12,214 million. Gross profit increased by 44% YoY to approximately RMB3,060 million. Net Profit increased by 47% YoY to approximately RMB1,304 million. […]
BIR to pursue rightsizing
The Bureau of Internal Revenue (BIR) said that it will “rightsize” some of its offices as it ramps up its digitalization efforts, while also noting insufficiencies in the implementation of its electronic invoicing platform. “[Rightsizing] is what we will do. We will scrap and build some items in the Bureau of Internal Revenue, and introduce […]
BOC Cebu breaches P4B-mark in RECORD July collection
THE Bureau of Customs (BOC) Port of Cebu reaped a total revenue of P4.376 million for July, exceeding the target for the month by P1.067 billion or 32.26 percent.This performance sets the port’s highest collection record anew, topping June’s collection of P3.968 billion, and posting a P1.251 billion or 40 precent year-on-year growth.“This is the […]
CTA affirms canceled tax assessment on Ferrari dealer
THE Court of Tax Appeals (CTA) affirmed the cancellation of the tax assessment on Autostrada Motore, Inc. worth P341.37 million inclusive of penalties and interest for the fiscal years 2011 to 2013. In a 15-page decision on July 21 and made public on July 26, the CTA full court said it did not have jurisdiction […]
CTA affirms canceled tax assessment on shipping company
THE Court of Tax Appeals (CTA) affirmed the cancellation of the tax assessment on NYK-FILJAPAN Shipping Corp. worth P25.45 million, including interests and penalties for the fiscal year 2007. In a 16-page decision on July 7 and made public on July 15, the CTA en banc upheld its third division’s ruling, which found that the […]
Tax court grants Tricom’s P49.5-M claim for refund
THE Court of Tax Appeals (CTA) has granted the appeal of technology company Tricom Systems (Philippines), Inc. to cancel and set aside its tax liabilities for 2006 totaling P49.49 million. In a 24-page decision dated July 7, the court’s special third division said the revenue officers assigned to conduct the tax assessment were not authorized […]