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BSP officials downplay ATM fraud in PH

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atm-scam-0301

Central bank officials allayed the situation of automated teller machine (ATM) fraud in the country, as they told the lawmakers on Thursday that the incidence rate is only 0.07 percent in 2013.

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

Valenzuela lawmaker: Illicit trade raps not Congress’ concern

Valenzuela 2nd District Rep. Magtanggol Gunigundo: Mere hype and propaganda. Photo from  congress.gov.ph/

A lawmaker said allegations of illicit trade in the tobacco industry are mere hype and propaganda raised by some disgruntled industry players and should not be a concern of Congress or other government agency.

Posted: August 11th, 2014 in Latest Business Stories | Read More »

Tobacco report questioned

Batangas 2nd District Rep. Raneo E. Abu: Questionable studies. CONTRIBUTED PHOTO

Lawmakers have strongly criticized Philip Morris for allegedly using a meritless study to “deceive” the public and policy makers in a bid to regain control of the country’s multibillion-peso tobacco industry.

Posted: July 28th, 2014 in Latest Business Stories | Read More »

3rd party tax monitoring illegal, says House leader

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A House leader has chided an anti-smoking advocacy group for trying to get congressional authority to allow it to monitor local tobacco manufacturers and conduct its own financial audit.

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

PH to open doors to more foreign banks

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Maybank, Malaysia’s biggest bank, is one of several foreign banks operating in the Philippines. President Aquino has signed into law a bill allowing the “full entry of foreign banks into the Philippines” in preparation for next year’s Asean regional economic integration.  PHOTO FROM maybank2u.com.ph

The House of Representatives has ratified a bill that will pave the way for greater foreign participation in the banking industry in the Philippines, and which proponents say may boost trade and create more jobs.

Posted: June 12th, 2014 in Editor's Pick,Headlines | Read More »

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