Hidden debt fears feed China's property woes Samuel Shen, Marc Jones and Clare Jim, ReutersUpdated as of Oct 21 07:37 AM Numbers don't lie, you just need to be looking at the right ones. Read more »
4 PH firms win intl business communicators awards ABS-CBN NewsPosted at Sep 14 08:57 PM Four Philippine companies were recognized for their communication programs and skills at the 2021 Silver Quill Awards. Read more »
Evergrande: China's fragile housing giant Sébastien Ricci, Agence France-PressePosted at Sep 14 04:06 PM Chinese housing giant Evergrande is one of the country's largest private conglomerates and world's most indebted property developer. Read more »
US urges G7 to implement global tax reform Agence France-PressePosted at Sep 10 08:26 AM The proposal announced in June would impose a 15 percent minimum corporate tax globally, and is aimed at stopping companies from shifting their profits to jurisdictions with lower tax rates. Read more »
PAL says 'business as usual' after Chapter 11 ABS-CBN NewsPosted at Sep 06 02:37 PM PAL, Asia’s oldest airline, said it is business as usual for the company's employees, customers, suppliers, commercial partners, and local communities. Read more »
Lucky Me maker H1 income declines but sales rise ABS-CBN NewsPosted at Aug 12 06:45 PM Monde Nissin, the company behind the popular Lucky Me instant noodles, disclosed that its net income declined in the first half even as sales edged up. Read more »
Shakey's back in black in H1 but cautiously optimistic ABS-CBN NewsUpdated as of Aug 11 04:21 PM Shakey’s said it is cautiously optimistic about recovery even as the company saw its income swing back into positive territory in the first half after booking significant losses in the same period last year. Read more »
PLDT posts P15.2-B core income in H1, up 10 pct ABS-CBN NewsPosted at Aug 05 02:41 PM PLDT said its telco core net income in the first six months of the year hit P15.2 billion, up 10 percent, helped by lower tax rates. Read more »
SM Prime books P11.6-B net income in first half, up 12 percent ABS-CBN NewsPosted at Aug 02 03:42 PM SM Prime said this was on the back of improvement in its second quarter net income to P5.2 billion from P2.1 billion in the same period last year. Read more »
Knowledge Channel recognized for ‘School at Home’ campaign ABS-CBN NewsPosted at Jul 18 02:50 PM Knowledge Channel Foundation’s (KCFI) “School at Home” campaign has been named as the Outstanding CSR Project in Education in the recently concluded 2021 League of Corporate Foundations - Corporate Social Responsibility (LCF-CSR) Guild Awards. Read more »
Firms should rethink chairman emeritus role: corporate expert Bruce Rodriguez, ABS-CBN NewsPosted at Jul 13 06:29 PM A corporate governance expert from the International Finance Corporation (IFC) said companies should be very careful in naming a chairman emeritus. Read more »
Megawide boosts book order to P66 billion ABS-CBN NewsPosted at Jul 13 04:24 PM Megawide secured P1.24 billion worth of new contracts in the first quarter, the company disclosed on Tuesday, raising its book record to P66.1 billion at the end of March. Read more »
Philippine shares drop as Fitch outlook cut unnerves investors ReutersPosted at Jul 13 01:08 PM Philippine stocks slipped more than 1 percent on Tuesday after credit ratings agency Fitch downgraded its outlook on the country, stoking fears that other agencies would also lower their view of the economy which has been battered by the coronavirus pandemic. Read more »
US lobby groups write battle plan to beat Biden tax hikes David Lawder, ReutersPosted at Jul 07 01:34 PM US business lobbying groups cheered a bipartisan $1.2 trillion infrastructure deal, but are gearing up to fight the corporate tax hikes looming in a separate but linked spending bill that Democrats aim to pass without Republican votes. Read more »
Global corporate tax overhaul faces rocky road to completion ReutersPosted at Jul 06 08:57 PM A long road strewn with potential political pitfalls lies ahead for countries seeking to end a race to the bottom on international corporate tax, even though 130 of them have agreed to overhaul the way multinationals are taxed. Read more »
Bargaining over global tax enters key stage Agence France-PressePosted at Jun 27 04:35 PM Nearly 140 countries will haggle over key details of a global corporate tax plan this week, with some concerned about giving up too much and others eager to ensure tech giants pay their fair share. Read more »
Mga dating nabiktima ng pekeng socialite nagulat na naulit ang modus ABS-CBN NewsPosted at Jun 19 08:39 PM Dati nang nagtangkang manloko ng daan-daang milyong piso ang babaeng nagkunwaring socialite na inaresto ng NBI dahil sa pagbebenta ng lupa na di for sale. Read more »
IKEA fined $1.2 million for spying on French employees Caroline Pailliez, ReutersUpdated as of Jun 15 06:10 PM A French court on Tuesday ordered IKEA to pay a 1 million euro ($1.21 million) fine for spying on its French staff, after the world's biggest furniture retailer was found guilty of improperly gathering and storing data on its employees. Read more »
EXPLAINER: What is a global minimum tax and what will it mean? Leigh Thomas and David Lawder, ReutersPosted at Jun 06 07:52 AM Such a deal aims to end what US Treasury Secretary Janet Yellen has called a "30-year race to the bottom on corporate tax rates" as countries compete to lure multinationals. Read more »
Filinvest Development Corp’s net income down in Q1 ABS-CBN NewsPosted at May 18 12:39 PM Filinvest Development Corporation’s net income declined in the first quarter year-on-year as the COVID-19 pandemic continued to weigh on its businesses, the company disclosed to the stock exchange on Tuesday. Read more »