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Smuggling raps filed vs top rice importer

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INQUIRER FILE PHOTO

The Bureau of Customs (BOC) on Friday filed in the Department of Justice (DOJ) separate complaints of smuggling against a top rice importer, its officials and customs brokers for bringing into the country P1.8 billion worth of rice through three key ports last year.

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

Invest in PH, Aquino urges Singaporeans

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President Banigno S. Aquino III joins fellow world leaders for the Leaders Retreat meeting during the 22nd Asia-Pacific Economic Cooperation (APEC) Leaders’ Meeting (AELM) at the Hongyan Hall of the International Conference Center (ICC) on Tuesday (November 11, 2014). Working with this year’s theme: "Shaping the Future through Asia-Pacific Partnership." APEC members have developed extensive and in-depth consensus on Advancing Regional Economic Integration, Promoting Innovative Development, Economic Reform and Growth, and Strengthening Comprehensive Connectivity and Infrastructure Development. (Photo by: Ryan Lim/ Malacañang Photo Bureau)

President Aquino on Wednesday urged Singapore’s top executives to invest in the Philippines, saying the country was ripe for business amid reforms in governance and much-improved economic climate.

Posted: November 20th, 2014 in Latest Business Stories | Read More »

Pay Piatco in full, CA orders gov’t

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Ninoy Aquino International Airport. FILE PHOTO

The government may not exercise full ownership rights over Ninoy Aquino International Airport Terminal 3 (Naia 3) until it has paid in full the P16-billion in just compensation to the Philippine International Air Terminals Co. Inc. (Piatco), the Court of Appeals (CA) has ruled.

Posted: October 19th, 2014 in Latest Business Stories | Read More »

Ongpin seeks dismissal of illegal detention raps

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roberto_ongpin

Businessman Roberto Ongpin has asked the Department of Justice (DOJ) to dismiss charges of serious illegal detention that a former employee had filed against him, turning the tables on his accuser who allegedly stole P5.3 million from his various businesses.

Posted: September 26th, 2014 in Latest Business Stories | Read More »

SC upholds tax refund for PAL

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Philippine Airlines (PAL. FILE PHOTO

The Supreme Court has upheld the Court of Tax Appeals’ order for the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) to refund to Philippine Airlines some P4.55 million in excise taxes that PAL had paid, under protest, in 2007 for its imported cigarette and liquor supplies for its international flights.

Posted: September 19th, 2014 in Latest Business Stories | Read More »

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