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Solon bats for full foreign ownership of retail businesses in PH

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AFP FILE PHOTO

In a bid to boost foreign direct investment in the retail and wholesale sector, a lawmaker is pushing for a bill allowing foreign investors to fully own retail businesses in the country.

Posted: August 17th, 2014 in Latest Business Stories | Read More »

3 mining firms not Filipino-owned, SC rules

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The Supreme Court on Tuesday stopped the Bureau of Internal Revenue, the Department of Finance and the Securities and Exchange Commission from requiring firms to disclose an alphabetical list (alphalist) of investors who receive income payments and dividends, a regulation that has stirred concerns of capital flight and its crippling effects on the economy.  INQUIRER FILE PHOTO

The Supreme Court (SC) has upheld the disqualification of three mining firms from exploration and extraction activities in the country because they were not Filipino corporations.

Posted: June 30th, 2014 in Latest Business Stories | Read More »

Biz Buzz: ‘Flimsy technicality’

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An emergency meeting will be convened in Malacañang—as early as Monday, we hear—to discuss the much-ballyhooed bidding for the right to build the 47-kilometer Cavite-Laguna Expressway (Calax) tollroad project using the public-private-partnership (PPP) framework.

Posted: June 16th, 2014 in Columnists,Inquirer Columns | 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 »

Lawyer wants annual PLDT stockholders’ meet halted

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The Supreme Court on Tuesday stopped the Bureau of Internal Revenue, the Department of Finance and the Securities and Exchange Commission from requiring firms to disclose an alphabetical list (alphalist) of investors who receive income payments and dividends, a regulation that has stirred concerns of capital flight and its crippling effects on the economy.  INQUIRER FILE PHOTO

A private lawyer has asked the Supreme Court to stop the Philippine Long Distance Telephone Co. (PLDT) from holding its annual stockholders’ meeting set for June 10, following on an earlier petition he filed questioning before the high tribunal the constitutionality of a Securities and Exchange Commission (SEC) order that he said allowed the telecom giant to skirt the foreign ownership rule in the Constitution.

Posted: May 15th, 2014 in Latest Business Stories | Read More »

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