Veteran lawyer Lorna Kapunan has identified two of the possible articles of impeachment against Vice President Sara Duterte as the most compelling out of handful of alleged impeachable offenses that have been laid out against the latter. She said these were the Anti-Money Laundering Council 's...
In one of the more contentious side topics of Vice President Sara Duterte’s impeachment hearings, the House Committee on Justice voted on Wednesday, April 29 not to open the sealed box of tax records submitted by the Bureau of Internal Revenue (BIR) containing the income tax returns of Vice...
If detainee Ramil Madriaga was the main attraction during the last House impeachment hearing against Vice President Sara Duterte, then former senator Antonio "Sonny" Trillanes IV could be the star of the show Wednesday, April 22, when the proceedings resume. This, after the Committee on Justice...
The Makabayan bloc in the House of Representatives have filed measures seeking to repeal the much-panned Oil Industry Deregulation Act, as well as the imposition of a billionaire wealth tax amid successive and hefty fuel price hikes. Lodged by the militant solons at the legislative chamber were...
BPI Wealth, the asset and wealth management arm of the Bank of the Philippine Islands (BPI), has passed the halfway mark to reach its ₱3 trillion asset under management (AUM) target by 2026. In an interview during the launch of the bank’s Wealth Wellness Month, BPI Wealth President and CEO...
While the previous administration warned that imposing a “wealth tax” on the rich could trigger capital flight and tax avoidance, Finance Secretary Ralph G. Recto—the chief economic manager of the Marcos Jr. administration—said he would support Congress if it proposes such a measure. “Let...
Vice President Sara Duterte said that she will answer questions about her bank accounts before the proper forum—the impeachment trial—adding that she has “no obligation” to respond to those illegally seeking information about them. Speaking to supporters and media in The Hague, on Tuesday,...
HSBC Wealth Philippines aims to increase its share of the high-net-worth market, anticipating a doubling of affluent clients over the next five years, despite economic uncertainties. “We are looking to grow our market share,” said Pramoth Rajendran, head of international wealth and premier...
Maharlika Investment Corporation (MIC), which manages the Philippines’ sovereign wealth fund, is set to provide a bridge loan facility worth $76.4 million to Makilala Mining Co. Inc. (MMCI), the Philippine affiliate of Australia-based Celsius Resources Ltd. In a disclosure to the Australian...
Amid favorable conditions for long-term investments, the wealth-management arm of Ayala-led Bank of the Philippine Islands (BPI) will roll out before this year ends a new mutual fund eyeing young and tech-savvy investors. BPI Wealth personal wealth head Irene Ang told a press briefing on Friday,...
As interest rates drop and investors take a closer look at "risky" long-term assets, the wealth management arm of Ayala-led Bank of the Philippine Islands (BPI) anticipates more client investments to achieve 20-percent assets under management (AUM) growth for 2024. BPI Wealth president and chief...
The Sandiganbayan did not allow former Armed Forces of the Philippines (AFP) comptroller and retired Maj. Gen. Carlos F. Garcia to evade the payment of P407.8 million penalty after he pleaded guilty and convicted of lesser offenses instead of plunder and violation of the Money Laundering Act....
