Ekonomiya ng bansa, inaasahang lalago ng 5.9% ayon sa World Bank
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NewsTranscript
00:00 The Bureau of Internal Revenue again reminded the VAPE product businessmen that they need to have tax stamps for their products.
00:08 This is what Sujin Kim reported.
00:10 The Bureau of Internal Revenue reminded the public that all VAPE products must have internal revenue stamps starting June 1, 2024.
00:21 According to Revenue Memorandum Circular No. 59/2024, any VAPE product without a BIR stamp did not pay excise tax.
00:31 A VAPE product without a BIR stamp is presumed to have been sold, manufactured, or imported without proper payment.
00:37 Illegal VAPE products and criminal cases will be faced by businessmen and the owners of the stores that are located here.
00:46 Those who are hiding or invading this place will also be punished.
00:49 These illicit traders harm our economy and threaten the livelihoods of millions of Filipinos in the tobacco and vape industry.
00:56 The BIR strictly monitors VAPE and other tobacco products.
01:01 According to President Marcos Jr.'s directive, the BIR should be expanded and strengthened against the smuggling of these products.
01:11 Taiwan extended its visa-free entry for Filipinos, Thailand, and Brunei passport holders until July 2025.
01:20 This was from the previous deadline of August 1, 2024.
01:24 This is in accordance with their New Southbound Policy or NSP.
01:28 The project is aimed at making the process of obtaining visas for tourist groups in Southeast Asia easier.
01:36 The economy of the Philippines is expected to be affected from 2024 to 2026.
01:42 This is in accordance with the World Bank.
01:44 The World Bank is forecasting that the country's growth expansion is likely to reach 5.9%.
01:50 World Bank Senior Economist Ralph Van Doorn said that the forecast is based on the expected decline in inflation in the country.
01:58 The World Bank is urging for the country to strengthen climate adaptation, mitigation, response, and rehabilitation.
02:05 Sujin Kim for Pambansang TV in Bagong, Philippines.