Singapore denies being haven for Malaysian tax cheats
Singapore on Friday strongly rejected a whistleblower’s allegation that its banks facilitate massive tax evasion by a powerful family in neighboring Malaysia’s Sarawak state.
Singapore on Friday strongly rejected a whistleblower’s allegation that its banks facilitate massive tax evasion by a powerful family in neighboring Malaysia’s Sarawak state.
Requiring candidates to submit regular pre-election expenses would be a “big burden” for the Commission on Elections (Comelec), its chairman, Sixto Brillantes Jr., said Friday.
Indonesia’s Parliament has passed a bill aimed at cracking down on terrorism by freezing suspicious financial transactions domestically and abroad.
Local government units would not be able to access or receive financial assistance in 2014 for their proposed projects to national agencies if they fail to submit an action plan on poverty reduction, an official of the National Anti-Poverty Commission said here on Friday.
The White House and top Republicans struck a deal late Monday to avert huge New Year tax hikes and spending cuts known as the “fiscal cliff” that had threatened to send the US economy into recession.
The Philippines may face international financial sanctions after the Senate failed on Wednesday to pass a bill aimed at stopping terrorist funding.
A top official of the Bangko Sentral ng Pilipinas (BSP) said Ilocanos, who are widely known as stingy, could make a fortune by capitalizing on their propensity to save.
Former officials of the shuttered Urban Bank, the forerunner of the now insolvent Export and Industry Bank (EIB), allegedly made off with some P73 million in kickbacks from the bank’s acquisition of prime property in Pasay City in 1994, a businessman has told the Supreme Court.
The Philippine flag is flying at half-staff in Sto. Domingo town with the death of its former mayor, Celso de los Angeles.
In December 2008, the Bangko Sentral ng Pilipinas (BSP) shut down 13 rural banks under the Legacy Group of Companies for being insolvent and for engaging in unsound practices.
Undaunted by the death of Celso de los Angeles, the owner of the Legacy Group of Companies that is behind one of the biggest financial scams in the country, his victims on Wednesday vowed to press ahead with the case of syndicated estafa by indicting his widow and son, and running after his own estate.
A government bid to take a greater share of mining revenues amid the global commodities boom has set off a storm of debate, with the industry mounting an intense campaign to knock it down.
The government wants a bigger share, possibly as high as 50 percent, in revenues generated by mining firms operating in the country, Finance Secretary Cesar Purisima said Tuesday.
