Mit Magzter GOLD unbegrenztes Potenzial nutzen
Erhalten Sie unbegrenzten Zugriff auf über 9.000 Zeitschriften, Zeitungen und Premium-Artikel für nur
Versuchen GOLD - Frei
Illicit trade and tobacco taxation
Business World Philippines
|January 27, 2026
MY CUP OF LIBERTY
While waiting for the full year 2025 cash operations report (COR) of the Bureau of the Treasury (BTr), I checked the data from January-November 2025.
The budget deficit is P1.26 trillion and since National Government disbursements in December reached around P600 billion while revenue was around P300 billion, the full year deficit may reach PL.56 trillion.
The bulk of our budget deficit comes from interest payments alone, an average of P1.7 billion/day in 2023; P2.1 billion/day in 2024; and P2.4 billion/day in 2025. New financing or net borrowings were P1.45 trillion in the first 11 months of 2025 (see Table 1).
TOBACCO SMUGGLING
Recently I noticed that there have been many reports on tobacco smuggling. Look at how many stories on the topic came out in the
Diese Geschichte stammt aus der January 27, 2026-Ausgabe von Business World Philippines.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Business World Philippines
Business World Philippines
PSE updates main index, adds RCR, removes AGI
THE PHILIPPINE STOCK EXCHANGE (PSE) on Monday updated the composition of its key indices, adding RL Commercial REIT, Inc. (RCR) to the PSE index (PSEi) and removing Alliance Global Group, Inc. (AGI).
1 min
January 27, 2026
Business World Philippines
Flawed registry causing farmers to miss out on government aid, Senate finds
REFORMS are needed to ensure that intended beneficiaries do not miss out on government aid due to gaps in the Registry System for Basic Sectors in Agriculture (RSBSA), senators said.
3 mins
January 27, 2026
Business World Philippines
BPI starts public offering of two-year social bonds
BANK of the Philippine Islands (BPI) on Monday started its public offer of two-year social bonds, from which it looks to raise at least P5 billion.
1 mins
January 27, 2026
Business World Philippines
BDO raises P100 billion via sustainability bonds
BDO UNIBANK, Inc. has raised P100 billion from its fifth issuance of ASEAN Sustainability Bonds following strong investor demand.
1 min
January 27, 2026
Business World Philippines
AC Logistics to acquire majority stake in Glacier Megafridge
AC LOGISTICS Holdings Corp. has signed an investment agreement to acquire an approximately 84% stake in cold storage firm Glacier Megafridge, Inc. (GMI), pending regulatory approval and closing conditions.
1 mins
January 27, 2026
Business World Philippines
Illicit trade and tobacco taxation
While waiting for the full year 2025 cash operations report (COR) of the Bureau of the Treasury (BTr), I checked the data from January-November 2025.
3 mins
January 27, 2026
Business World Philippines
ADB sees PHL returning to 6% growth by 2027
THE PHILIPPINE ECONOMY could return to around 6% growth by 2027 if public and private investments rebound, according to Asian Development Bank (ADB) Country Director for the Philippines Andrew Jeffries.
2 mins
January 27, 2026
Business World Philippines
BSP may complete review of digital bank license applications in 1st quarter
THE BANGKO Sentral ng Pilipinas (BSP) may finish its assessment of the three applicants for new digital banking licenses within the first quarter, a top official said.
2 mins
January 27, 2026
Business World Philippines
BGC planners seeking fix for road congestion issues
THE Bases Conversion and Development Authority (BCDA) said the update of the Bonifacio Global City (BGC) master plan will help address challenges like road congestion and making mobility within the business district more inclusive.
1 mins
January 27, 2026
Business World Philippines
Treasury upsizes T-bill award as demand surges
THE GOVERNMENT hiked the amount of Treasury bills (T-bills) it sold on Monday as demand for the offer surged, resulting in lower yields across all tenors, with the market also betting on further rate cuts on expectations of weak economic growth.
3 mins
January 27, 2026
Listen
Translate
Change font size