
BIR Experts Back Review of Bank Secrecy Laws to Boost Tax Evasion Fight
Philippine tax authorities and experts support a review of the country's bank secrecy laws, believing it will enhance their ability to combat tax evasion and illicit financial flows. However, they also call for safeguards against arbitrary investigations and information misuse.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Razon Group Consolidating Energy Assets With West Philippine Sea Gas Field Stake
Businessman Enrique Razon's Prime Oil & Gas Inc. is set to acquire a 30% stake in a natural gas operation in the West Philippine Sea, consolidating the tycoon's energy portfolio. The deal is subject to due diligence and regulatory approvals.
- Mynt's Market Debut Lifts PSEi Above 5,800
The Philippine Stock Exchange index (PSEi) extended its winning streak to four sessions, surpassing the 5,800 mark, buoyed by the historic market debut of Mynt Inc., the parent company of GCash. While investors anticipated Mynt's listing, some sectors experienced declines.
- GCash Eyes Digital Banking After Mynt IPO to Boost Financial Inclusion
Leading Philippine e-wallet GCash is exploring the possibility of obtaining a digital banking license. Its parent company, Mynt, fresh off a major IPO, is strengthening its lending and payment products to expand access to financial services.
- Razon Group to Acquire 30% Stake in WPS Oil Exploration Firm
The Razon Group, a Philippine conglomerate, is set to acquire a 30% stake in Prime Oil and Gas Inc., which holds a service contract for petroleum exploration in the West Philippine Sea. This move is expected to intensify energy development competition in the disputed waters.