San Miguel F&B revenues down nearly a fifth in first half

San Miguel F&B revenues down nearly a fifth in first half

San Miguel Food and Beverage, Inc. (SMFB) on Wednesday, Aug. 5, reported that consolidated revenues declined by 19 percent to P122.82 billion in the first half, reflecting the impact of lockdowns caused by the Covid-19 pandemic.In a statement, the company said...
Tax collections drop further amid Covid-19 pandemic

Tax collections drop further amid Covid-19 pandemic

Total collections of the Bureau of Internal Revenue (BIR) from January to mid-April this year dived further to P480.64 billion — P226.15 billion or 32 percent below what it collected for the same period last year — as a result of the quarantine measures in...
First-quarter revenue collection short of target by P156B

First-quarter revenue collection short of target by P156B

Covid-19 has shown its impact in the government revenue target as the Department of Finance (DOF) reported that its collections for the first quarter of the year fell short by P156 billion. In a statement, the DOF said that with most economic activities on a...