Gov't records P68-B budget surplus in January

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Gov't records P68-B budget surplus in January;  DOLE reminds private establishments to submit annual wage reports;  PH gross gaming revenue up 25% in 2024 despite POGO ban  For more news, visit:  ►https://www.ptvnews.ph/  Subscribe to our DailyMotion Channel: ►http://www.dailymotion.com/peoples-television-incorporated  Subscribe to our YouTube channel: ►http://www.youtube.com/ptvphilippines  Like our Facebook pages: ►PTV: http://facebook.com/PTVph  ►Rise and Shine Pilipinas: https://www.facebook.com/riseandshinepilipinas  Follow us on Twitter:  ►http://twitter.com/PTVph  Follow us on Instagram: ►https://www.instagram.com/ptvph  Watch our livestream on:  ►http://ptvnews.ph/livestream/ ►https://www.dailymotion.com/PTVPhilippines  Watch our News Programs, every Mondays to Fridays  Rise and Shine Pilipinas - 6:00 - 7:00 am | 7:30 - 8:00 am Balitang Pambansa - 7:00 - 7:30 am | 12:00 - 12:30 pm | 6:00 - 6:30pm | 9:30 - 10:00 pm PTV Sports - 8:00 - 9:00 am Bagong Pilipinas Ngayon - 12:30 - 1:00 pm Sentro Balita - 1:00 pm - 2:00 pm Ulat Bayan - 6:30 pm - 7:00 pm PTV News Tonight -  10:00 pm - 10:30 pm  Saturday & Sunday: ►Sentro Balita Weekend - 1:30 - 2:00 pm ►Ulat Bayan Weekend - 6:15 pm - 7:00 pm

Transcript

00:00The government recorded a 68 billion pesos budget surplus in January.

00:05Meanwhile, the Department of Labor and Employment, or DALE, reminded private establishments

00:10to submit their annual wage reports.

00:13These and more updates in tonight's Business Wrap from the Philippine News Agency.

00:18For our business news, the national government has recorded a budget surplus of 68.4 billion

00:31pesos in January 2025.

00:35According to the Bureau of Treasury, due to the sustained revenue and increased expenditures,

00:40the budget surplus was lower than the 88 billion pesos recorded in January last year.

00:46Revenue collections increased by 10.7% to Php 476.1 billion in January from Php 421.8

00:54billion last year.

00:56This is due to higher tax collections, which improved by 13.6% year-on-year.

01:03Tax revenues hit Php 437.5 billion while non-tax collections reached Php 29.6 billion.

01:12Meanwhile, the Department of Labor and Employment has reminded employers to submit their annual

01:16establishment report on wages, or AERW.

01:21All private establishments must submit the 2024 AERW between March 17 and June 30 in

01:28compliance with Article 125 of the Labor Code.

01:32The annual reports should contain a list of employees as of December 31, 2024, including

01:38rank and file employees, learners, apprentices, and workers with disabilities, as well as

01:44employee salaries and wages specified in their contracts.

01:48Employers may access the DALE online compliance portal to register and submit their reports.

01:53In other news, the Philippines' gross gaming revenue, or GGR, grew by 25% in 2024, as revenues

02:01from electronic games surged by 165% during the year.

02:06The Philippine Amusement and Gaming Corporation said the country's GGR increased from Php

02:12329 billion in 2023 to Php 410 billion in 2024.

02:17This is despite President Ferdinand R. Mars Jr.'s ban on the operation of the Philippine

02:22Offshore Gaming Operators.

02:24Pagbar Chairperson and CEO Alejandro Tanco said the attribute, the strong performance

02:30of local gaming industry to the implementation of strategic policy adjustments, such as the

02:35gradual reduction of fee rates for e-games since 2023.

02:41That's the latest business news from the Philippine News Agency.

02:44This is Stephanie Civiliano for Balitang Pambansa.

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