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Baguio braces for legal row over Burnham Park titleWhile Baguio has had full management and administrative control over Burnham Park since 2008, the Tourism Infrastructure and Enterprise Zone Authority is insisting on its mandate over all national parks, and is looking to contest the titling in court if necessary
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BSP eases rules for entities with Islamic banking units | Cai U. OrdinarioTHE Bangko Sentral ng Pilipinas (BSP) modified the minimum capitalization requirement for conventional banks with Islamic banking units (IBUs), which could provide more flexibility in licensing an IBU of qualified conventional banks. The BSP said the guidelines allow conventional commercial banks (KB) or subsidiary banks of a universal bank (UB)…
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Tele-tax-novela | Joel L. Tan-TorresThe tele-tax-novela continues to a sub-plot of the role of the external Certified Public Accountant (CPA) auditors in the “Official Receipts (OR) for sale” fraud story. The CPA plays an integral part in this saga. He is tasked to provide assurance that the business operations of his client are presented…
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Meralco ties up with Maynilad for key West Zone projects | Lenie LecturaTHE Manila Electric Co. (Meralco) will provide a total of 87 megawatts (MW) to Maynilad Water Services Inc. to help finish major projects that will benefit water consumers in the West Zone of Metro Manila. These projects are the Anabu modular treatment plant in Imus City, Cavite, and Maynilad’s water…
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Senators asked to pass bills for additional benefits to workers | Jovee Marie de la CruzAsenior lawmaker has sought swift congressional action on measures seen to protect and provide additional benefits to Filipino workers. In a statement, Camarines Sur Rep. Luis Raymund “Lray” F. Villafuerte Jr. called on senators to consider passing the Senate versions of House-approved measures after legislators went on a 6-week recess…
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