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Shell takes Malampaya tax dispute vs PH to int'l arbitration body
MANILA, Philippines – The local unit of Royal Dutch Shell PLC wants an international arbitration body to settle its tax dispute with the Philippine government involving the former's Malampaya deep...
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#AskTheTaxWhiz: Updating BIR records from freelancer to employee
Dear Mr Tax Whiz,I was employed at an architectural firm from June 2013 to December 2013. The company processed the tax identification number (TIN) in Makati. From then on, I did not work for any other...
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Ongpin barred from listed firms, fined P174M for insider trading
MANILA, Philippines – Local corporate regulators barred businessman Roberto Ongpin from being part of the board of any publicly listed company, and ordered him to pay a total of P174 million for...
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CA junks Globe's plea to stop review of San Miguel telco buyout
MANILA, Philippines – The Court of Appeals (CA) junked Globe Telecom Incorporated's plea to stop the Philippine Competition Commission (PCC) from conducting its comprehensive review on the...
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PH vows 'nationalistic' stance in Shell-Malampaya case
MANILA, Philippines – The Philippines on Saturday, July 23, vowed a "nationalistic approach" to a tax-related arbitration case filed by Shell Philippines Exploration BV against the Philippine...
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G20 nations warn of Brexit risk to global growth
CHENGDU, China (UPDATED) – Britain's vote to leave the European Union heightens risks for the world economy, finance chiefs from the G20 group of leading countries said Sunday, July 24, at a meeting in...
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Terror attacks a growing economic threat – G20 ministers
CHENGDU, China – Increasingly frequent terrorist attacks are becoming a growing threat to the global economy, finance chiefs from the world's leading economies said Sunday, July 24.Earlier this month...
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Ongpin vows to appeal SEC ruling, slams 'cruel' penalties
MANILA, Philippines – Businessman Roberto Ongpin on Sunday, July 24, slammed the Securities and Exchange Commission (SEC) ruling against him as unfair and vowed to bring the matter to the Court of...
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PLDT, Smart commit 3-year network rollout to NTC
MANILA, Philippines – Smart Communications Incorporated will cover 95% of the country's cities and municipalities with long-term evolution (LTE) by 2018, its parent company PLDT Incorporated said in...
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Yahoo announces deal to sell core assets for $4.8B to Verizon
SAN FRANCISCO, USA (3rd UPDATE) – Yahoo agreed to sell its core assets to telecom giant Verizon for $4.8 billion, ending a 20-year run by the internet pioneer as an independent company, the firms...
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SONA 2016: Duterte hopes to hand over stronger economy
MANILA, Philippines – Six years from now, President Rodrigo Duterte hopes to hand over a stronger economy that is backed by strong dollar reserves, stable inflation, and robust fiscal position."By the...
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SONA 2016: Duterte vows to cut income, corporate taxes
MANILA, Philippines – President Rodrigo Duterte confirmed that his administration will aggressively pursue lower tax rates in his first State of the Nation Address on Monday, July 25.“My administration...
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SONA 2016: Duterte eyes Sangley Point to help decongest NAIA
MANILA, Philippines – To help decongest the Ninoy Aquino International Airport (NAIA), President Rodrigo Duterte proposed a new runway in Sangley Point in Cavite built exclusively for general aviation...
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SONA 2016: Duterte vows faster internet, free wifi
MANILA, Philippines – President Rodrigo Duterte threw a bone to millions of Filipino netizens clamoring for better internet service, promising them on Monday, July 25, that it will be faster and free...
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Ex-Holcim exec Pecson named new PPP Center chief
MANILA, Philippines – A former vice president of Holcim Philippines and senior consultant of PHINMA Corporation is the new executive director of the Public-Private Partnership Center of the Philippines...
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Metro Pacific unit secures NLEX-SLEX Connector Road deal
MANILA, Philippines – The tollways unit of Metro Pacific Investments Corporation (MPIC) secured the P23.2-billion deal to build, operate, and maintain a toll road connecting the North Luzon Expressway...
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Pilipinas Shell to raise P29.7B through IPO
MANILA, Philippines – Pilipinas Shell Petroleum Corporation plans to raise as much as P29.7 billion through initial public offering (IPO), which could be one of the largest maiden share offerings in...
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PH imports up 39.3% in May 2016
MANILA, Philippines – Philippine imports grew by 39.3% year-on-year in May 2016, an indicator that local consumption remains strong despite global headwinds, the National Economic and Development...
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Ayala Land Premier announces most expensive residential project yet
MANILA, Philippines – Ayala Land Premier, the upscale brand of listed developer Ayala Land Incorporated, announced its most expensive residential project to date – the P20.5-billion Park Central South...
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RCBC reorganizes board after Bangladesh Bank heist scandal
MANILA, Philippines – Rizal Commercial Banking Corporation (RCBC) has reorganized its 14-member Board of Directors, in the wake of the Bangladesh Bank heist involving $81 million coursed through the...
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