By Miguel R. Camus
The county’s casino gambling regulator is likely to penalize the local unit of Japan’s Universal Entertainment Corp., led by billionaire Kazuo Okada, if it fails to open its $2-billion project in the Entertainment City complex by Manila Bay by March next year.
By the staff
Elated by the success of their hard-won campaign to overhaul the country’s excise tax system, civil society groups are now shifting gear from raising taxes on so-called “sin products” to ensuring proper collection and preventing tax evasion, particularly on cigarettes.
By Maila Ager
The Philippine Amusement and Gaming Corporation (Pagcor) is projecting a “much lower” disbursement of its intelligence funds this year as it vowed to find ways to further reduce its intelligence expenses.
By the staff
His retirement was announced a year ago but when it was time for him to step down as chief executive officer of Jollibee Foods Corp., there wasn’t any fanfare or moving tribute during his last stockholders’ meeting as CEO last Friday befitting the man who had led the homegrown company to become an international fast-food giant.
By Doris C. Dumlao
The group of Japanese gaming magnate Kazuo Okada again refuted on Wednesday allegations of improper conduct in obtaining a foothold in the Philippines, noting that the provisional license granted by the Philippine Amusement and Gaming Corp. (Pagcor) to its local unit contained the same terms and conditions granted to other gaming licensees.