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3 mining firms not Filipino-owned, SC rules

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The Supreme Court on Tuesday stopped the Bureau of Internal Revenue, the Department of Finance and the Securities and Exchange Commission from requiring firms to disclose an alphabetical list (alphalist) of investors who receive income payments and dividends, a regulation that has stirred concerns of capital flight and its crippling effects on the economy.  INQUIRER FILE PHOTO

The Supreme Court (SC) has upheld the disqualification of three mining firms from exploration and extraction activities in the country because they were not Filipino corporations.

Posted: June 30th, 2014 in Latest Business Stories | Read More »

CA denies PAL attendants’ bid to get over P100M salary hike grant

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FILE PHOTO

The Court of Appeals has denied the bid of Philippine Airlines (PAL) flight attendants to get more than the P100 million in unpaid salary increases, which the appellate court granted them in 2013.

Posted: June 10th, 2014 in Latest Business Stories | Read More »

Probe of complaint vs Ongpin starts Monday

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roberto_ongpin

The Department of Justice (DOJ) will open Monday the preliminary investigation into the complaint filed by a former employee against businessman Roberto Ongpin for alleged illegal detention.

Posted: June 9th, 2014 in Latest Business Stories | Read More »

Lawyer wants annual PLDT stockholders’ meet halted

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The Supreme Court on Tuesday stopped the Bureau of Internal Revenue, the Department of Finance and the Securities and Exchange Commission from requiring firms to disclose an alphabetical list (alphalist) of investors who receive income payments and dividends, a regulation that has stirred concerns of capital flight and its crippling effects on the economy.  INQUIRER FILE PHOTO

A private lawyer has asked the Supreme Court to stop the Philippine Long Distance Telephone Co. (PLDT) from holding its annual stockholders’ meeting set for June 10, following on an earlier petition he filed questioning before the high tribunal the constitutionality of a Securities and Exchange Commission (SEC) order that he said allowed the telecom giant to skirt the foreign ownership rule in the Constitution.

Posted: May 15th, 2014 in Latest Business Stories | Read More »

PH faces WTO sanctions for rice importation policy

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Customs Commissioner John Phillip Sevilla: Not our responsibility. INQUIRER FILE PHOTO

No rice import permit, no entry. Customs Commissioner John Sevilla on Thursday said this directive will be observed by the Bureau of Customs (BOC) in monitoring rice imports in the country’s ports amid a legal opinion by the Office of the Government Corporate Counsel (OGCC) that the country stands to be sanctioned by the World Trade Organization (WTO) if it maintains this policy.

Posted: February 21st, 2014 in Latest Business Stories | Read More »

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