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New York group cites PH progress in mining management, legislation

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Revenue Watch Institute

A New York-based policy institute has said that the country’s management of its mineral resources has made “meaningful progress” and ranked the Philippines 23rd among 58 nations in its latest resource governance index.

Posted: May 26th, 2013 in Latest Business Stories | Read More »

SC to hold oral arguments on petitions vs 1995 mining law on April 16

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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 will hold oral arguments on the petition challenging the Philippine Mining Act of 1995 when it goes to its annual summer session in Baguio City on April 16.

Posted: January 24th, 2013 in Latest Business Stories | Read More »

19 firms still below PSE’s minimum public float 2 weeks before deadline

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While inclement weather continued to sideline Philippine markets, Asian emerging markets are likewise battling a “storm” arising from a capital flight to developed markets in anticipation of the US Federal Reserve’s tapering of its easy money policy. INQUIRER FILE PHOTO

With two weeks to go before the ultimate deadline, 19 listed companies are still below the 10-percent minimum public ownership required for continued listing on the Philippine Stock Exchange.

Posted: December 19th, 2012 in Latest Business Stories | Read More »

Firm tagged in P244M fund scam remains barred from operating

By
SEC_seal

The Securities and Exchange Commission warned the public on Tuesday not to heed erroneous reports that Aman Futures Group Phils. Inc.—a trading firm tagged in a P244-million “double-your-money” scam in Pagadian City and other parts of the Visayas and Mindanao—has been given fresh clearance to operate.

Posted: October 17th, 2012 in Latest Business Stories | Read More »

Philex gains more time for P1B fine defense

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philex mining logo-ra

The Philex Mining Corp. has obtained a week’s extension to comment on the P1.034-billion penalty imposed by government for the sediment breach at its Padcal mine tailings dam in Benguet province.

Posted: October 3rd, 2012 in Latest Business Stories | Read More »

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