Top News

‘Criminal act,’ say authors of Amla on leakage of AMLC probe on Binay

Revealing details of the Anti-Money Laundering Council (AMLC) investigation on the 142 bank accounts of Vice President Jejomar Binay and his associates is replete with criminal acts, and bank officials and media outfits responsible for the leakage could be held liable, according to former Makati Rep. Teddy Locsin Jr., one of the authors of the Anti-Money Laundering Act (Amla).

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‘Freeze bid nothing but politics’

By Dean dela Paz (Last of two parts) A product of the peculiarities of the political slime they wallow in, the original legislators crafting the seminal anti-money laundering laws tailored, custom-designed and worked into the law safeguards to address their personal circumstances.

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‘The Market Monitor’ welcomes game-changer

By Lito U. Gagni Housing industry leader and 8990 Holdings Chief Executive Officer JJ Atencio provides us in this week’s issue with insights into how the housing startup innovated its game to emerge at the top of the low-cost housing business in the country.

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Business leaders rue ‘missed opportunities’

By Luis Leoncio As President Aquino moves toward the homestretch of his six-year term, more and more leaders of the local business sector are coming out to dispute his claimed achievements, citing “missed opportunities” that they say defined his term.

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Commentary on freeze of VP’s assets

By Dean dela Paz (First of two parts) This commentary is occasioned by recent events where the financial assets and bank deposits of the Vice President and other individuals being linked to him were frozen by the courts.

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Man behind many ‘firsts’

By Lito U. Gagni Dr. Cezar T. Quiambao is a visionary who has accomplished many firsts in the annals of the country’s economic development.  He set up the country’s first infra Public-Private Partnership project, the $514-million Metro Manila Skyway project  and its companion $57-million Southern Tagalog Arterial Road (STAR) tollway that resulted in an unprecedented  economic boom in areas south of Metro Manila.

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Highly liquid banks hinder capital markets

Excess liquidity among domestic banks has become a limiting factor for the growth of the local capital markets, making them seem small and obscure compared to the country’s neighbors, the Oxford Business Group (OBG) said in its recent report on the Philippines.

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Aquino, Henares at odds over tax-system efficiency

By Riza Lozada Three tax experts, including Internal Revenue Commissioner Kim Jacinto-Henares, for different reasons, agree that the tax system in the Philippines is not ideal and needs to be reformed.

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Lina mum on Apostol’s smuggle raps

By Luis Leoncio “Immediately upon being advised of my appointment as commissioner of the Bureau of Customs, I met with the directors and officers of all my companies and announced my resignation from the chairmanship and vacated my seat as director of all the companies comprising the Lina Group,” Customs Commissioner Alberto Lina said in a statement to The Market …

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Bad roads in Phl turn off investors

By Jerry Maglunog Lack of paved roads is turning off investors, despite the Philippines’s steady economic growth, an official of a Malaysian conglomerate said. Luzon may have seven expressways, but this is not the case in the Visayas and Mindanao, said the civil engineering expert who has taken part in building ambitious and expensive projects in different parts of the …

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