Business groups welcome bill easing taxpaying process but cast doubt on revenue estimate

BUSINESS GROUPS said the estimate of additional revenue to be generated via the proposed Ease of Paying Taxes (EoPT) law might have been premature, though they welcomed the measures streamlining companies’ dealings with the tax authorities. The House of Representatives on Monday passed on third and final reading the proposed EoPT law, which its backers […]

Business groups back removal of PPA’s commercial functions

LOCAL BUSINESS GROUPS are supporting a proposed law that seeks to remove the Philippine Ports Authority’s (PPA) revenue-generating function, saying this “problematic mandate” has led to a steady rise in cargo-handling rates that affected the country’s competitiveness. The Philippine Chamber of Commerce and Industry (PCCI), Philippine Exporters Confederation, Inc. (Philexport), and Supply Chain Management Association […]

Marcos unlikely to mention human rights in first address — analysts

By John Victor D. Ordoñez, Reporter PHILIPPINE President Ferdinand R. Marcos, Jr. would probably keep silent on human rights issues in his first address to Congress on Monday to avoid offending the vice president, according to political experts. Discussing human rights means talking about the deadly red tagging, the deadly drug war and extralegal killings […]

Business groups list 24 priority bills for 19th Congress

LOCAL BUSINESS GROUPS and foreign chambers urged the 19th Congress to prioritize the passage of 24 measures, which include the liberalization of foreign equity restrictions, two tax reform packages, and amendments to a law that would allow hybrid work arrangements of economic zone locators. Twelve groups, including the American and European chambers of commerce, Management […]

Alpina Achieved a Record Set of Results for FY2021; Revenue Increased by 36.8% to S$51.89 Million with Net Profit Surging by 84.0% to S$9.28 Million

Singapore, Mar 31, 2022 – (ACN Newswire via – Alpina Holdings Limited (the “Company”, and together with its subsidiaries, the “Group”), an established Singapore-based specialist in providing integrated building services (“IBS”), mechanical and electrical (“M&E”) engineering services, and alteration and addition (“A&A”) works to public and private sector projects, is pleased to announce that […]

CEFC Announces 2021 Annual Results

HONG KONG, Mar 28, 2022 – (ACN Newswire via – CEFC Hong Kong Financial Investment Company Limited (“CEFC Financial”, together with its subsidiaries, “the Group”, to be renamed as “Virtual Mind Holding Company Limited”; stock code: 1520.HK) is pleased to announce its audited consolidated results for the year ended 31 December 2021 (the “Year”). […]

Essex Bio-Technology Announces 2021 Financial Results

HONG KONG, Mar 22, 2022 – (ACN Newswire via – Essex Bio-Technology Ltd (“Essex” or the “Group”, Stock Code: 1061.HK) today announced the annual results for the year ended 31 December 2021. Highlights— The group’s turnover surged 67.4% to HK$1,637.7 million, Profit-After-Tax lifted 58% to HK$346.0 million; — Sales coverage increased to around 10,500 […]

AMLC issues freeze orders vs 16 groups designated as terrorists

THE ANTI-MONEY Laundering Council has issued freeze orders on the assets of groups designated as terrorists. — BW FILE PHOTO THE ANTI-MONEY Laundering Council (AMLC) ordered banks, real estate brokers and developers, and government agencies to immediately carry out freeze orders on accounts and assets of 16 newly designated groups by the Anti-Terrorism Council (ATC). […]

UMP Healthcare Offers Free Telemedicine Service to COVID-19 Patients

HONG KONG, Feb 23, 2022 – (ACN Newswire via – UMP Healthcare Holdings Limited (“UMP” or the “Group”; SEHK: 722) has announced that its affiliate, UMP Charity Foundation Limited (the “Charity Foundation”), will donate first batch of donation of HK$500,000 to support patients diagnosed with COVID-19 through the provision of free medical video consultation, […]

CEFC Financial was Granted the Exclusive Right of Use of the Intellectual Property Right of Animated Characters by Chengdu Dreamtoys

HONG KONG, Jan 19, 2022 – (ACN Newswire via – CEFC Hong Kong Financial Investment Company Limited (“CEFC Financial”, together with its subsidiaries, “the Group”; stock code: 1520.HK) is pleased to announce that the Group has entered into a licensing agreement (the “Licensing Agreement”) with Chengdu Dreamtoys Cultural Creativity Company Limited (“Chengdu Dreamtoys”) pursuant […]

CEFC Financial Proposes Change of Company Name to Virtual Mind Holding Strategically Transforming to be an All-rounded Trendy Apparel Product Manufacturer

HONG KONG, Jan 11, 2022 – (ACN Newswire via – CEFC Hong Kong Financial Investment Company Limited (“CEFC Financial”, together with its subsidiaries, “the Group”; stock code: 1520.HK) is pleased to announce its proposed change of company name to “Virtual Mind Holding Company Limited”, to better align with the Group’s business development strategies. Meanwhile, […]

Gov’t tightens rules for accreditation of microfinance groups

THE MICROFINANCE NGO Regulatory Council (MNRC) said the eligibility requirements for accrediting microfinance nongovernment organizations (MF-NGO) in 2022 to 2025 will include a fund balance of P1 million at any given time and incorporation documents identifying the NGO as specifically organized to offer microfinance services.  According to MNRC Memorandum Circular No. 2 Series of 2021, MF-NGO applicants must be […]

Transport, BPO, workers’ groups want IATF vax-for-work resolution junked

TRANSPORT, business process outsourcing, and workers’ groups on Friday urged the government to junk resolutions requiring COVID-19 vaccinations to work and to have access to services, with plans to stage a rally at the labor department on Monday. The online petition against Resolutions 148-B and 149 of the Inter-Agency Task Force (IATF) for the Management […]

SGX-listed Beng Kuang Group Achieved Stronger Performance in 9M2021

Singapore, Nov 17, 2021 – (ACN Newswire via – Beng Kuang Marine Limited (the “Company”, and together with its subsidiaries, the “Beng Kuang Group”), is pleased to share its business update for the nine (9) months ended 30 September 2021 (“9M2021”). Highights:– The Group’s IE and CP business segments registered strong revenue growth of […]

TIME Interconnect’s Major Shareholder Increased the Shareholding

HONG KONG, Sep 14, 2021 – (ACN Newswire via – TIME Interconnect Technology Limited (the “Company “, Stock Code: 1729, with its subsidiaries collectively referred to as the “Group”) is pleased to announce details of the increase in the shareholding in the Company by controlling shareholder, Mr. Lo Chung Wai Paul, a non-executive director […]

‘Vaccine bubbles’ unfair, costly – business groups

THE private sector is split on “vaccine bubbles” as some business groups on Monday described as discriminatory the proposed measures to allow greater mobility for the vaccinated. In a statement, the Philippine Chamber of Commerce and Industry (PCCI), Employers Confederation of the Philippines (ECOP) and the Philippine Exporters Confederation, Inc. (Philexport) said the proposed measures […]

Group charter scheme eyed for East Asian tourists

THE DEPARTMENT of Tourism has identified South Korea, Taiwan, and Japan as potential partner countries for specialized tour groups once international travel resumes. “(We’re) looking at possibilities for maybe specialized charters that will bring various tour groups straight into destinations that are already prepared to welcome the tourists eventually,” Tourism Assistant Secretary Verna C. Buensuceso […]