Try GOLD - Free
P6.3-B revenues from mining tax
Manila Bulletin
|September 5, 2025
Around P6.3 billion worth of annual revenues from existing mines is expected to be added to the government’s coffers following the enactment of the enhanced mining fiscal regime, according to the Department of Finance (DOF).
“The new measure is expected to generate an estimated average annual incremental revenue of 26.26 billion for existing mines,” the DOF said in a statement on Thursday, Sept. 4.
Signed by President Ferdinand R. Marcos Jr. into law on Thursday, Sept. 4, the Enhanced Fiscal Regime for Large-Scale Metallic Mining Act simplifies the mining fiscal regime by removing complex tax distinctions among different mining agreements.
This story is from the September 5, 2025 edition of Manila Bulletin.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Manila Bulletin
Manila Bulletin
Local farm production slips in Q1
Philippine agricultural and fisheries production shrank by more than P1 billion in the first quarter of the year, dragged down by weaker crop yields and a steep plunge in fisheries.
2 mins
May 7, 2026
Manila Bulletin
PH commits to repaying $800-M loan until 2041
The Philippines will repay through 2041 an $800-million loan from the World Bank aimed at strengthening the country's fiscal resilience, attracting higher-quality private investments, and equipping workers with skills for more productive and higher-value jobs.
1 mins
May 7, 2026
Manila Bulletin
To be one with the stars
Meet the Filipina Aerospace Engineer that was part of the Artemis II mission
3 mins
May 7, 2026
Manila Bulletin
Rising prices force job cuts
High fuel costs driven by geopolitical conflict in the Middle East hammered the Philippine labor market in March, forcing hundreds of thousands of agricultural and manual workers out of job as operating expenses became untenable.
3 mins
May 7, 2026
Manila Bulletin
Factory output hits 2-yr high in March
Factory output expanded at its fastest pace in more than two years in March, signaling resilience in the Philippines' manufacturing sector despite the ongoing war in the Middle East that began in late February.
2 mins
May 7, 2026
Manila Bulletin
Filipino food in space? This Filipina analog astronaut says it's possible
For 10 days, four astronauts recently orbited the Moon aboard NASA’s Artemis II—the first crewed mission under its human deep space exploration program—and worked in space, relying on meals that are nutritious and easy to prepare such as rehydrated shrimp cocktail, brisket, mac and cheese.
3 mins
May 7, 2026
Manila Bulletin
Bulldogs inch closer to 6-peat
Reigning champion National University bucked a slow start to repel a gritty Far Eastern University side with a 21-25, 25-19, 21-25, 25-20,15-8 Game 1 win and inch closer to its sixth straight crown in the UAAP Season 88 men's volleyball tournament Finals opener here before the massive crowd at Mall of Asia Arena in Pasay City Wednesday, May 6.
1 min
May 7, 2026
Manila Bulletin
Lacson's report recommends possible flood raps vs solons
Senate President Pro Tempore Panfilo “Ping” Lacson on Tuesday, May 5 finally presented on the floor the Blue Ribbon Committee “Chairman's Progress Report” which contains the findings of its draft partial report on the flood control mess.
3 mins
May 7, 2026
Manila Bulletin
Gov't debt edges closer to critical 60% threshold
Public debt in the Philippines moved closer to the 60-percent level at the end of the first quarter of 2026, as the government continued to ramp up borrowings while the private sector remained cautious amid risks stemming from the war in the Middle East.
2 mins
May 7, 2026
Manila Bulletin
Manila Bulletin's Pinky Colmenares honored with Ford's Lifetime Achievement Award
Ford Philippines celebrated the 25th edition of the Henry Ford Awards (HFA) for Journalism by awarding the first-ever Butch Gamboa Lifetime Achievement Award (BLAA) Manila Bulletin’s former executive editor, Cecilia “Pinky” Colmenares.
3 mins
May 7, 2026
Listen
Translate
Change font size