The House prosecution panel has thumbed down a move to exclude records dated before 2022 as evidence in the upcoming impeachment trial of Vice President Sara Duterte. Bicol Saro Party-list Rep. Terry Ridon, one of the 11 public prosecutors from the House of Representatives, raised this matter...
BPI Wealth, the wealth management arm of Ayala-led Bank of the Philippine Islands, is launching peso-denominated share classes for two of its major global investment funds to capture retail interest in the artificial intelligence (AI) and technology rally currently driving United States (US) equity...
State-run Maharlika Investment Corp. (MIC), which manages the country ’s first sovereign wealth fund (SWF), has exited its bridge loan investment in Makilala Mining Co. Inc. (MMCI), generating an estimated 25-percent annualized return in peso terms while paving the way for additional foreign...
For 16 years, viewers have followed the journey of lottery winner "Pepito Manaloto", an ordinary man who went from struggling to make ends meet to becoming a millionaire navigating life’s unexpected twists. But according to show stars Michael V. and Manilyn Reynes, the enduring success of "Pepito...
State-run Maharlika Investment Corp. (MIC), which manages the country’s first sovereign wealth fund (SWF), grew its total comprehensive income by 2.3 percent to ₱2.74 billion last year from ₱2.68 billion in 2024 as business income rose despite higher expenses. Based on MIC’s latest...
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,...
