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Economy: Easing of secrecy on deposits to come with reform of taxes

THE tax reform package being prepared by the government will also carry a proposal to relax the deposit secrecy law, which would allow the Bureau of Internal Revenue (BIR) to look into bank accounts of suspected tax evaders......»»

Category: financeSource:  bworldonlineRelated NewsAug 3rd, 2016

Customs officials, employees isasalang sa lifestyle check

BILANG na ang araw ng mga ‘biglang-yaman’ sa Bureau of Customs (BoC). Sa press briefing kahapon sa Palasyo, inihayag ni Finance Secretary Carlos Dominguez III, isasailalim sa lifestyle check , bubusisiin ang bank accounts at lahat ng ari-aria.....»»

Category: filipinoSource:  hatawtabloidRelated NewsNov 4th, 2016

AMLC targets state workers' accounts

THE ANTI-MONEY Laundering Council (AMLC) -- the Philippines’ financial intelligence agency -- has formally asked lawmakers to lift restrictions on bank secrecy of both peso and foreign currency deposits, supporting bills that zeroed in on bank acco.....»»

Category: newsSource:  bworldonlineRelated NewsOct 11th, 2016

Front Page: AMLC targets state workers' accounts

THE ANTI-MONEY Laundering Council (AMLC) -- the Philippines' financial intelligence agency -- has formally asked lawmakers to lift restrictions on bank secrecy of both peso and foreign currency deposits, supporting bills that zeroed in on bank accounts he.....»»

Category: financeSource:  bworldonlineRelated NewsOct 11th, 2016

State deposit insurance firm’s role when a bank goes bankrupt

Dear PAO, I maintain several deposit accounts in a rural bank that recently declared bankruptcy. During our meetings with the bank’s officials, they repeatedly assured us that our money is covered by insurance, which will be paid by the PDIC. May I.....»»

Category: newsSource:  manilatimes_netRelated NewsSep 11th, 2016

Seoul leads broad Asia equity drop after NKorea test

HONG KONG: South Korean stocks and the won led most Asian markets lower Friday after the North conducted another nuclear test, while trading was also hit by worries over global central bank policy easing. Pyongyang said it had conducted a &'8220;successfu.....»»

Category: newsSource:  manilatimes_netRelated NewsSep 9th, 2016

Senate to relax bank secrecy law

The Senate banks committee is set to amend the Secrecy of Bank Deposit Law by lifting the confidentiality privilege on elective and appointive government officials and employees to help government stresses its anti-corruption campaign......»»

Category: newsSource:  tempoRelated NewsSep 5th, 2016

Duterte eyes easing bank secrecy law

MANILA, Philippines - President Duterte is eyeing the relaxation of the Bank Secrecy Law as a measure to increase tax collections......»»

Category: newsSource:  philstarRelated NewsAug 19th, 2016

86% of Pinoys have no bank deposits

MANILA, Philippines - Most Philippine households or 86 percent don’t have bank accounts due to various reasons, including not having enough money to deposit.....»»

Category: newsSource:  philstarRelated NewsJan 13th, 2017

SC affirms constitutionality of AMLC provision to look into bank accounts

SC affirms constitutionality of AMLC provision to look into bank accounts.....»»

Category: newsSource:  rapplerRelated NewsJan 6th, 2017

DBS sees Philippine GDP growth easing this year

MANILA, Philippines – DBS Bank Ltd......»»

Category: financeSource:  philstarRelated NewsJan 1st, 2017

Liquidity demand, term deposit rates bound to normalize

MANILA, Philippines – ANZ Bank said liquidity growth is expected to normalize starting this month, paving the way for the easing of term deposit rates within.....»»

Category: financeSource:  philstarRelated NewsDec 31st, 2016

76ers survive late flurry to beat Nuggets

DENVER (AP) — The Philadelphia 76ers came up big in the fourth quarter a night after collapsing in the final 12 minutes. Ersan Ilyasova had a career-high 23 points and 13 rebounds and the 76ers survived a flurry in the final seconds to beat the Denver Nuggets 124-122 on Friday night (Saturday, PHL time). 'I feel like the trip has been rewarded with a win and us having the ability to finally close out a game and finish off the fourth period,' Philadelphia coach Brett Brown said. Joel Embiid returned after sitting out Thursday's (Friday, PHL time) loss in Utah to score 23 points and hit key free throws down the stretch. The Sixers ended their four-game trip with just their third win away from home despite having just nine available players. They had a chance to win the other three games on this trip but consistently faltered in the fourth quarter. The Jazz outscored them 30-9 to end Thursday's game, and the Sixers went over the tape of the period Friday morning. The attention to detail paid off. 'Tonight, that was the emphasis at the end of the third quarter, that's what everybody was talking about,' Embiid said. 'We focused, we locked in and got the win.' Nikola Jokic had a game-high 25 points for the Nuggets, and Emmanuel Mudiay scored 22. Denver had won four of its last five home games but a bad start led to another defeat. 'I thought our focus at shootaround [Friday, Saturday PHL time] was not great,' coach Michael Malone said. 'And I think that when you win a few games you start to feel pretty good about yourself and you forget why you have been winning games.' The Nuggets had a chance to tie it during a frantic ending. After Embiid hit two free throws to put the Sixers up four, Jokic was fouled on a three-point attempt. Jokic made the first two free throws and intentionally missed the third. Denver's Gary Harris grabbed the rebound but missed a short bank shot, and Kenneth Faried's tip-in try was off as time expired. 'Jokic did a great job missing, I got a shot up and we had a chance for a tip-in, but it just didn't go our way,' Harris said. The Nuggets pulled within 114-113 with 1:43 left, but Philadelphia's T.J. McConnell hit his third three-pointer of the night — matching his total makes for the season. He finished with 17 points and eight assists. Four straight foul shots by Denver tied it, but Embiid split a pair of free throws to put Philadelphia ahead by one. He then stripped Jokic on the other end as the center went up for a go-ahead layup and drained two more free throws to put the Sixers ahead 120-117 with 15.9 seconds left. strong>TIP-INS /strong> em> strong>Sixers: /strong> /em> Sergio Rodriguez sprained his left ankle in the loss at Utah on Thursday (Friday, PHL time) and did not play Friday. Richaun Holmes was not with the team and is in concussion protocol. G Gerald Henderson missed his second straight game with left hip soreness. em> strong>Nuggets: /strong> /em> Wilson Chandler (right neck sprain/strain) and Jamal Murray (groin soreness) both played. Jokic has scored in double figures in 12 of his last 14 games. strong>CENTER OF ATTENTION /strong> Nuggets big man Jusuf Nurkic played 18:33 after not playing in four straight games and averaging just 6:16 in three other games. Nurkic expressed his disappointment after practice Thursday (Friday, PHL time), telling The Denver Post, 'I'm not here to sit on the bench; I'm here to play basketball.' Malone said before Friday's (Saturday, PHL time) game he had no problem with Nurkic's sentiments. 'Nurk's been great,' Malone said. 'I understand guys want to be out there. They're competitive. You want them to be competitive. Just make sure you're being a good teammate.' strong>UP NEXT /strong> em> strong>Sixers: /strong> /em> Host Minnesota on Tuesday night (Wednesday, PHL time). em> strong>Nuggets: /strong> /em>At the Golden State Warriors on Monday night (Tuesday, PHL time). .....»»

Category: sportsSource:  abscbnRelated NewsDec 31st, 2016

Central bank gives more time to exchange old bills

THE BANGKO SENTRAL ng Pilipinas (BSP) has moved back its deadline for the public to exchange old bills to end-March 2017 in response to broad clamor for an extension, noting that a “small” volume remains in circulation......»»

Category: newsSource:  bworldonlineRelated NewsDec 28th, 2016

UBS sees lower Philippine GDP, weaker peso next year

MANILA, Philippines – Swiss investment bank UBS sees the country’s economic expansion easing next year amid the expected slowdown in domestic demand......»»

Category: financeSource:  philstarRelated NewsDec 27th, 2016

CA freezes Espinosas’ bank accounts, properties

ALBUERA, Leyte, Philippines – The Court of Appeals has frozen for six months the bank accounts and properties of drug lord Rolan “Kerwin” Espinosa, his fathe.....»»

Category: newsSource:  philstarRelated NewsDec 22nd, 2016

Finance: OFW bank seen in place by Q3 2017

THE GOVERNMENT'S planned bank for overseas Filipino workers (OFWs), which was promised by President Rodrigo R. Duterte during his presidential campaign, is targeted to be operational by Sept. 1, 2017, pending the necessary regulatory approvals, officials .....»»

Category: financeSource:  bworldonlineRelated NewsDec 20th, 2016

Economy: AIIB, gov't positive on rapid financing for key infra projects

THE government and the Asian Infrastructure Investment Bank (AIIB) are eager to get started on identifying and funding infrastructure projects, with officials touting the Beijing-backed lender's speed in evaluating loan proposals and the low cost of its f.....»»

Category: financeSource:  bworldonlineRelated NewsDec 19th, 2016

NBI probes bank accounts of 5 ‘narco generals’

MANILA, Philippines – The National Bureau of Investigation (NBI) has started to look into the accounts of five police generals accused by President Duterte o.....»»

Category: newsSource:  philstarRelated NewsNov 16th, 2016

BSP revises rules on dormant accounts, bank fees

BSP revises rules on dormant accounts, bank fees.....»»

Category: newsSource:  interaksyonRelated NewsOct 27th, 2016