Search Results for: Philippines
8 Israelis arrested in Philippines for multi-million dollar Forex, Bitcoin and shares scam
June 8th, 2018
The Cybercrime Unit of the Philippine Police has arrested eight Israelis who are suspected to have been behind a huge Bitcoin currency and online investments fraud scheme worth millions of dollars. The Israelis were arrested on Wednesday in raids ...
Accountants outsourcing their work in countries like India and Philippines
June 16th, 2016
Many accountants in Australia are shifting large proportions of their operations offshore to countries like India and the Philippines where workers can be paid as little as $5 an hour to complete time-consuming compliance work. While legal, many consumers are ...
Global Law firm to move 170 operational roles to global service centre in the Philippines
May 19th, 2016
Global firm Norton Rose Fulbright is relocating 170 operation roles to a global service centre in the Philippines — including a number from the UK, the Gazette understands. It is the latest international firm to announce a relocation of ...
Philippines, US Sign FATCA Agreement
July 15th, 2015
On July 13, 2015, Philippines Finance Secretary Cesar Purisima and the US Ambassador to the Philippines, Philip Goldberg, signed an inter-governmental agreement (IGA) to facilitate compliance with the Foreign Account Tax Compliance Act (FATCA). FATCA, enacted by the US ...
Philippines Responds To Businesses’ VAT Refund Concerns
November 7th, 2014
The Philippines tax authority has said that it will process value-added tax refund and credit claims within 120 days of an application, in response to an outcry from businesses about recent Revenue Memorandum Circular (RMC) No. 54-2014, which clarified ...
Philippines Arrests Ex-President Estrada’s Son Over Fund Scandal
June 23rd, 2014
Philippine authorities arrested a son of former President Joseph Estrada after a court found sufficient evidence to try him on charges of stealing at least 183.8 million pesos ($4.2 million) of development funds. Senator Jinggoy Estrada handed himself in ...
Territory confrontations escalate among China, Vietnam and the Philippines
May 8th, 2014
Tensions escalated in the South China Sea region this week after China, Vietnam and the Philippines were involved in a series of potentially explosive confrontations over disputed territory. Vietnamese officials say Chinese military and civilian ships have been intimidating ...
Military pact between U.S and Philippines
April 28th, 2014
US President Barack Obama says that a new US-Philippine military pact will promote stability in the region. The deal, signed in Manila hours before Mr Obama touched down, allows a bigger US military presence in the country. Mr Obama ...
Most of the emerging Asian markets currencies dipped against the dollar
October 22nd, 2020
Thai shares bounced from earlier losses on Thursday after the government lifted emergency measures aimed at ending months-long protests against Prime Minister Prayuth Chan-ocha and the monarchy. Uncertainty over whether U.S. lawmakers would be able to agree on and ...
Demand for safe-haven assets boosted the U.S. dollar causing most Asian currencies to falter
September 22nd, 2020
Stock markets in Indonesia, Philippines and South Korea declined more than 1% on Tuesday as rises in coronavirus cases locally and globally dampened hopes of a swift economic recovery. Indonesian 10-year benchmark yields are up about 2.90 basis points ...