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By Luis Leoncio THE Philippines should reconsider its Bank Secrecy Law to enable it to tackle tax evasion and other financial crimes, such as money laundering and corruption, the Organization for Economic Cooperation and Development (OECD) said.

A study by the Asian Institute of Management (AIM) has practically validated the widespread cynicism over the benefits to ordinary Filipinos of the investment-grade ratings the country has been receiving from various credit watchdogs.

By Riza Lozada The Department of Energy (DOE) has sounded off the alarm on possible tax leaks in the importation of ethanol, with the demand for gasoline blended with biofuels increasing to its current level of 400 million tons.

The House of Representatives has ratified Fair Competition Act, otherwise known as Cojuangco Law before Congress adjourned last week.

By Luis Leoncio Another multimillion-peso conflict-of-interest case has surfaced against Customs Commissioner Alberto Lina. The case, which involves the cancellation of a vital contract, could reportedly delay the Philippines’s integration into the single Asean (Association of Southeast Asian Nations) market.

By Lito U. Gagni Indeed, there is something unique about Tzu Chi volunteers around the globe: It is their sense of duty to serve their fellow men. And they all point to the teachings of Master Cheng, whose thoughts were immortalized as Jing Si aphorisms.

The government’s economic officials have admitted that the effect of massive underspending under the Aquino administration had a lot to do with the disappointing 5.2-percent growth in the first quarter, despite earlier claims this year that it was ramping up its expenditures through frontloading.

By Riza Lozada The United States Agency for International Development (Usaid) and the Department of Energy (DOE) have joined hands to spur investments in renewable-energy projects by cutting red tape.

By Luis Leoncio Despite repeated warnings from economists and other experts, the Aquino administration continues to underspend and as a result, the gross domestic product (GDP) expanded a disappointing 5.2 percent in the first quarter, the slowest pace in three years.

Lawyers of Vice President Jejomar Binay are reported to be mulling over the possible of filing cases against media outfits that published or aired the report of the Anti-Money Laundering Council (AMLC) on his alleged multibillion-peso accounts, which was the basis of a Court of Appeals freeze order on his assets. The Binay camp had described the AMLC report “erroneous” and …