The Manila City Regional Trial Court Branch 17 refused to restrain the Department of Finance and the Bureau of Internal Revenue (BIR) from enforcing the rules and regulations of Republic Act 10351, or the Sin Tax Law of 2012.
The Supreme Court stopped the Bases Conversion Development Authority (BCDA) from bidding out the P13.3-billion property in Bonifacio South area in Taguig City.
Phoenix Petroleum Philippines on Monday announced that it will reduce the price of diesel by 15 centavos per liter but increase the price of premium gasoline by the same amount per liter.
The Philippine Deposit Insurance Corp. (PDIC) on Thursday filed before the Department of Justice (DOJ) a complaint for estafa against 88 depositors for allegedly defrauding the government by P9.73 million.
Ombudsman Conchita Carpio Morales dismissed from service 13 officials from the Development Bank of the Philippines (DBP) for granting P660 million in behest loans to Deltaventures Resources, Inc. (DVRI) in 2009.
The Department of Justice (DoJ) dismissed the smuggling case against a leading independent oil industry Phoenix Petroleum Philippines Inc.
The Department of Justice (DoJ) will conduct an investigation on the alleged $5 million bribe given by a company led by Japanese gaming tycoon Kazuo Okada in connection with the $2 billion entertainment city project.
The Court of Appeals has ordered the Pasig City Regional Trial Court to proceed with the hearing of the derivative suit seeking to compel businessman and former Trade Minister Roberto Ongpin to return P412 million in “short swing profits” he had allegedly earned from the sale of shares of Philex Mining Corp.
The Court of Tax Appeals (CTA) dismissed the appeal by the Manila North Tollways Corporation that sought a P8.64-million tax refund it paid on behalf of one of its stockholders Egis Project SA (Egis), a sociedad anonima incorparted in France.
The Supreme Court declared as valid the government sale of the 246 megawatt Angat Hydro-Electric Power Plant (AHEPP) in Bulacan to Korea Water Resources Corporation (K-Water).
Public utilities like the Philippine Long Distance Telephone Company (PLDT) which allegedly violated the constitutional cap on foreign ownership can still correct their deficiencies, the Supreme Court said Monday.
The Supreme Court stood pat on its June 28, 2011 decision that changed the calculation in determining foreign ownership of public utilities particularly the Philippine Long Distance Telephone Company (PLDT)
