Labor department assures ILO mission action plans will be drawn to address workers’ concerns 

THE DEPARTMENT of Labor and Employment (DoLE) has assured the International Labor Organization (ILO), which currently has a high-level mission in the Philippines to look into the government’s compliance with international labor conventions, that action plans are being discussed to address workers’ concerns.    In a statement published on Monday evening, DoLE said Labor Secretary Bienvenido […]

Labor groups report PHL govt’s rights violations vs workers to ILO mission

By John Victor D. Ordoñez, Reporter  PHILIPPINE TRADE unions submitted a joint report on Monday to the International Labor Organization (ILO) on recent human rights violations and cases of harassment against workers and union organizers.   In the 155-page report, the groups highlighted what they called the consistent failure of the Philippine government to comply with […]

Opposition to container monitoring policy flares anew

RENEWED opposition has ignited against a Philippine Ports Authority (PPA) order prescribing the registration and monitoring of containers, as trade groups argue the regulation will only add to the undue cost burdens of businesses and consumers amid runaway inflation and container delays. The organizations—Philippine Chamber of Commerce and Industry (PCCI), Philippine Exporters Confederation Inc. (Philexport), […]

Professional stealers: opportunistic scammers targeting users of Steam, Roblox, and Amazon in 111 countries

– Over 50 million passwords stolen in 7 months of 2022– Underground market value of stolen logs and compromised card details around US$5.8 million– India saw the highest number of infected devices in the Asia Pacific, followed closely by Indonesia, Philippines and Vietnam Singapore, Nov 29, 2022 – (ACN Newswire via – Group-IB, one […]

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 […]