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BIR to appeal local court ruling exempting Filipino ADB employees from income tax

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Internal Revenue Commissioner Kim Henares. INQUIRER FILE PHOTO

The government shall appeal the Mandaluyong court ruling stating that Filipino employees of the Manila-based multilateral lender Asian Development Bank (ADB) are exempted from paying income taxes.

Posted: October 2nd, 2014 in Latest Business Stories | Read More »

LBC Dev’t bank borrower arrested for P230M estafa case

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A cousin of former First Gentleman Jose Miguel Arroyo, who has an outstanding warrant for syndicated estafa, was arrested at his home in a posh subdivision in Muntinlupa City on Tuesday.

Posted: August 13th, 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 »

CA denies PAL attendants’ bid to get over P100M salary hike grant

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FILE PHOTO

The Court of Appeals has denied the bid of Philippine Airlines (PAL) flight attendants to get more than the P100 million in unpaid salary increases, which the appellate court granted them in 2013.

Posted: June 10th, 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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