Internal Revenue Commissioner Kim Henares has warned gasoline retailers buying smuggled petroleum products they will bear the brunt of a government investigation.
Philippine Airlines (PAL) workers on Tuesday asked the Court of Appeals to reconsider its recent ruling that upheld Malacañang’s decision to back management’s prerogative to lay off 2,600 employees in 2010.
The president of a stock brokerage house was fined P2.1 million by a Makati regional trial court after he was found guilty of defrauding his clients in violation of the Securities Regulation Code (SRC), the first conviction secured by the government almost 13 years after the law was enacted.
A group of Banco Filipino (BF) depositors and bank employees has asked the Court of Appeals to allow them to intervene in the case against the bank, particularly in the liquidation of the shuttered bank’s assets.
The Supreme Court will hold oral arguments on the petition challenging the Philippine Mining Act of 1995 when it goes to its annual summer session in Baguio City on April 16.
The Supreme Court has upheld a ruling issued by the Sandiganbayan in 2004 declaring that 7.2 percent in shares of the United Coconut Planters Bank (UCPB) transferred to businessman Eduardo Cojuangco Jr. were owned by the government.
Aside from the numerous syndicated estafa charges they are facing, the top officials of Aman Futures have been slapped with complaints by the Securities and Exchange Commission (SEC) for engaging in fraudulent transactions and operating without the proper registration.
The Bureau of Internal Revenue (BIR) filed a tax evasion case, on Thursday, against a gold trader who under-declared his income from 2006-2009, the period where he sold gold and silver to the Bangko Sentral ng Pilipinas (BSP) worth P872.68 million.
The Bureau of Customs filed on Thursday smuggling charges against two businessmen at the Department of Justice months after they were caught illegally bringing into the country onions and garlic from China valued at a whopping P19 million.
The Supreme Court (SC) has ruled with finality that the 60-percent Filipino ownership over foreigners required by the Constitution to engage in certain economic activities, particularly public utilities, extended not only to the voting rights but also to the beneficial ownership of the corporation.
Malacañang on Thursday said that sovereignty was not an issue when it came to the gas exploration at Recto Bank.
President Aquino said Monday the government was fully behind the gas exploration project being undertaken at the Recto Bank by businessman Manuel Pangilinan with a Chinese company as well as the latter’s bid to expand his foreign partners in the venture.
