Business

BIR seizes cigarettes with fake tax stamps in Cebu

CEBU – The Bureau of Internal Revenue (BIR) will file charges against those found responsible for the proliferation of fake tax stamps on cigarette products.

WATCH: Victims explain 'rent-sangla' scam modus

The victims of a car rental swindle, dubbed “rent-sangla,” did not immediately notice they were being scammed because the suspects gave them the cash they expected to get every month.

Peso closes at P50 vs $1, lowest since Nov. 2006

The peso closed at P50 to the dollar on Friday, weakening to its lowest level in a decade, on strong corporate demand for the greenback.

Mga kumpanya sa UAE, hinikayat na mag-invest sa Pilipinas

MANILA- Hinikayat ni Philippine Ambassador to the United Arab Emirates Constancio Vingno, Jr., ang iba’t-ibang mga kumpanya sa nasabing bansa na mag-invest sa Pilipinas.

 

Shares close lower as Asian markets consolidate

Share prices closed lower on Friday, as Asian markets consolidated following recent highs, analysts said.

Mattress on cell floor, toilet in the corner for Samsung scion

SEOUL - For Jay Y. Lee, the third-generation leader of South Korea's massive Samsung Group and scion of the country's wealthiest family, home is now a 6.56 square meter (71 square foot) detention cell with a toilet in the corner behind a partition.

St. Luke's boss wants to lure more medical tourists

The Philippines is poised to become one of the world's top medical tourism destinations in the next 10 years, as the government completes its infrastructure build, the head of one of the country's largest hospitals said Friday.

ABS-CBN cracks down on streaming pirates

ABS-CBN Corp. said Friday it sought $8 million in damages from American website Kissassian for illegally streaming its TV shows and movies.

Malampaya maintenance safely completed: energy dept

MANILA - The schedules maintenance shutdown of the Malampaya gas field was completed safely and ahead of schedule, Energy Secretary Alfonso Cusi said Friday. 

Facebook's Zuckerberg warns against reversal of global thinking

SAN FRANCISCO - Facebook Inc. Chief Executive Mark Zuckerberg laid out a vision on Thursday of his company serving as a bulwark against rising isolationism, writing in a letter to users that the company's platform could be the "social infrastructure" for the globe.