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FRANKFURT, Germany — An accounting scandal at one of Germany’s fastest-growing blue-chip companies has raised doubts about the national financial watchdog and, coming on top of other high-profile cases of…
MANILA, Philippines — The Department of Finance (DOF) is looking into reports that some Philippine offshore gaming operators (Pogos) had reopened despite their unpaid taxes, Secretary Carlos Dominguez III said…
MANILA, Philippines — The International Monetary Fund (IMF) has further downgraded its economic outlook for the Philippines, projecting gross domestic product (GDP) to shrink by 3.6 percent this year. The…
MANILA, Philippines — The Philippine Stock Exchange (PSE) shut down its trading floor and head office in Bonifacio Global City for decontamination on Wednesday after an employee tested positive for…
The local stock barometer dropped below the 6,200 mark yesterday as foreign funds dumped a number of local blue chip companies. The Philippine Stock Exchange index (PSEi) slid by 108.95…
The country’s largest conglomerate, SM Investments Corp. (SMIC), has vowed to emerged stronger from the current coronavirus pandemic using a “hybrid” strategy of using both physical and digital infrastructure to…
The Philippines is crafting a mechanism to collect the 12-percent value-added tax (VAT) from goods and services being provided by multinational digital platforms such as Amazon and Netflix, Department of…
MANILA, Philippines — The head of the Duterte administration’s economic team on Wednesday said they expected President Rodrigo Duterte to decide in the next couple of days if he would…
Aboitiz Equity Ventures Inc. will continue infrastructure investments despite the new coronavirus disease (COVID-19) pandemic forcing a shift in its business strategy and prompting layoffs in one of the country’s…
In this Feb. 14, 2020, file photo, Kristalina Georgieva, Managing Director of the International Monetary Fund, attends a session on the first day of the Munich Security Conference in Munich,…
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