Albay tops tax collection; emerges as investment hub in Bicol

Albay is emerging as the economic hub in the region as it continuously leads and surpasses its internal revenue collection goal among the six Bicol provinces, the local Bureau of Internal Revenue (BIR) office said. The BIR report revealed that of the P2.4-billion tax collected for the first semester of this year, P901 million or 37 percent came from Albay, followed by Camarines Sur with P787 million; Camarines Norte – P257 million; Masbate – P197 million; Sorsogon – P180 million and Catanduanes with P103 million.