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Inhibition of Sereno in mining case sought

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Chief Justice Ma. Lourdes Sereno: Inhibition sought. INQUIRER FILE PHOTO

A Filipino-owned mining company has sought the inhibition of Chief Justice Ma. Lourdes Sereno from participating in a case pending before the Supreme Court seeking the reversal of a Court of Appeals decision that stopped three mining firms from operating in the country for allegedly violating the constitutional provision limiting foreign ownership in mining companies to 40 percent.

Posted: October 3rd, 2014 in Latest Business Stories | Read More »

Gov’t seen to lose P12B in Swiss challenge for Bonifacio South Pointe dev’t

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Screengrab from bcda.gov.ph

The Philippine government stands to lose as much as P12 billion if the state run Bases Conversion and Development Authority proceeds with the conduct of a Swiss challenge for the development of the 33.1-hectare Bonifacio South Pointe property in Taguig.

Posted: October 1st, 2014 in Latest Business Stories | Read More »

SC upholds tax refund for PAL

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PAL. FILE PHOTO

The Supreme Court has upheld the Court of Tax Appeals’ order for the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) to refund to Philippine Airlines some P4.55 million in excise taxes that PAL had paid, under protest, in 2007 for its imported cigarette and liquor supplies for its international flights.

Posted: September 19th, 2014 in Latest Business Stories | Read More »

SC stops BIR on ‘alphalist’ disclosure

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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 on Tuesday stopped the Bureau of Internal Revenue (BIR), the Department of Finance (DOF) and the Securities and Exchange Commission (SEC) 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.

Posted: September 10th, 2014 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

Court stopped from using P62B worth of Napocor assets to pay off terminated employees

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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

MANILA, Philippines–The Supreme Court stopped the Quezon City regional trial court from implementing the P62 billion garnishment of assets of the National Power Corporation as payment for its terminated employees.

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

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