MANILA - Bureau of Internal Revenue (BIR) chief Sixto Esquivias IV resigned his post because the tax agency has been missing its monthly collection targets under his watch, the newly appointed BIR officer-in-charge (OIC) said on Tuesday.
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MANILA – While the Philippine Stock Exchange (PSE) has grand visions of playing a role in guiding listed firms into corporate governance stature, recent incidents at the bourse show it is having trouble keeping its own house in order.
Seven years of perfecting the art of selling and negotiating in the world’s snobbiest region were not enough to prepare Junie del Mundo to the tumble and mumble of running his own business back home.
MANILA - Regulators will decide on San Miguel Corp.’s unsolicited proposal to build the Laiban Dam within the month, as long as the diversifying conglomerate submits additional explanations addressing fears of flooding and other environmental concerns.
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MANILA - The group of businessman Manuel V. Pangilinan vowed to protect its investment in Manila Electric Co. (Meralco) as they “carefully and seriously” weighing all options available.
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MANILA - After acquiring a coal and diesel-run power plants, diversifying conglomerate San Miguel Corporation is eyeing to expand its power-related porfolio by joining the bid for 3 hydroelectric power plants.
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MANILA - Veteran stockbroker William Ang has resigned as corporate secretary of the Philippine Stock Exchange (PSE).
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MANILA - The Philippine Deposit Insurance Corporation (PDIC) will no longer cover deposit accounts that were used to split over P250,000 amounts in a troubled bank, the deposit insurance said Tuesday.
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MANILA - Philippine Long Distance Telephone Co (PLDT), the country's most valuable firm, trimmed its full-year revenue guidance, reckoning strong typhoons that have battered parts of the country may dent consumer spending.
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With financial jargons leaping from business pages to front page headlines, here's a guide to understanding the current US financial crisis better.
