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BIR goes after coffee firm for P10B

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Bureau of Internal Revenue. AFP PHOTO

The Bureau of Internal Revenue (BIR) on Thursday filed a complaint with the Department of Justice against the distributor of a popular coffee product and its retailer for failing to pay taxes amounting to almost P10 billion.

Posted: July 18th, 2014 in Latest Business Stories | Read More »

CA nullifies QC judge’s order on estate of late industrialist

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FILE PHOTO

The Court of Appeals has nullified an order of a Quezon City judge in September 2013 to include companies and real properties in the disputed estate of the late industrialist Jose Marcelo Sr.

Posted: July 14th, 2014 in Latest Business Stories | Read More »

Ongpin wants all evidence in illegal detention case disclosed

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roberto_ongpin

MANILA, Philippines–The lawyers of businessman Roberto Ongpin have asked the Department of Justice to compel the National Bureau of Investigation to disclose all the evidence it used to charge Ongpin with serious illegal detention. Lawyers Alexander Poblador and Justin Christopher Mendoza denounced the NBI Intelligence Service-Technical Intelligence Division for not disclosing the text messages allegedly received and sent by complainant Eduveges Batalan as well [...]

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

US official here to boost trade

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Commerce Secretary Penny Pritzker AFP File Photo

US Commerce Secretary Penny Pritzker is in Manila to meet with government and business leaders as well as develop new long-term trade partnerships and commitments to boost the Philippine economy.

Posted: June 3rd, 2014 in Latest Business Stories | Read More »

UCPB told to drop case vs gov’t and fire law firm tied to director

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Enormous liquidity of banks has given them capability to maintain over the medium term the robust pace of lending growth seen recently, according to Fitch Ratings.

The state-controlled United Coconut Planters Bank should drop its case against the government and recall its engagement of the law firm of its government-appointed director to pursue the suit.

Posted: May 29th, 2014 in Latest Business Stories | Read More »

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