The head of one of Britain’s best-known law firms has warned that Rachel Reeves’s reported plan to raise taxes on limited liability partnerships (LLPs) could drive professionals and entrepreneurs out of the UK, undermining London’s status as a global business hub. James Libson, managing partner of
Chancellor Rachel Reeves’ reported plan to impose a 20% “exit tax” on the business assets of wealthy individuals leaving the UK has sparked a furious backlash from the financial sector, with critics warning it could drive away entrepreneurs and investors. The proposed measure — described as
DPWHBy Justine Irish D. Tabile, ReporterTHE investigation into corruption in the Department of Public Works and Highways (DPWH) needs to be expanded to make all agencies accountable, Senator Paolo Benigno Aquino IV said.Speaking at the 6th Management Association of the Philippines (MAP) NextGen Conference, the
PHILSTAR FILE PHOTOTHE Department of Trade and Industry (DTI) released its price guide for items typically consumed during the traditional Christmas feast, which reflected increases for 95 food items.“Of the 256 holiday food items across 14 categories, 129 retained their prices, while 95 posted minimal
MERALCO.COM.PHMANILA ELECTRIC CO. (Meralco) said it is preparing to apply for a license to operate nuclear power facilities in time for the opening up of the application process next year.“We’ve been very aggressive on this, (but) we have to comply with the timeline set by
REUTERSFARMER GROUPS said the government’s plan to implement a flexible rice tariff next year is no substitute for restoring the tariff to its original 35%.“Dapat ibalik at ipirmi ang ang taripa sa imported na bigas sa 35% o mas mataas pa. Kung seryoso ang gobyerno sa food security,
PHILSTAR FILE PHOTOSUBSIDIES provided to government-owned and -controlled corporations (GOCCs) fell 49.48% year on year in September, the Bureau of the Treasury (BTr) said.Budgetary support provided to state-run firms amounted to P9.2 billion in September.Month on month, GOCC subsidies rose 14.78%.State-owned firms receive monthly subsidies
PHILEXPORT.PHTHE government needs to allocate more funding to export promotion and small business development, the Philippine Exporters Confederation, Inc. (Philexport) said.In a statement over the weekend, Philexport President Sergio R. Ortiz-Luis, Jr. urged the government not to reduce public spending on export promotion after corruption
IN BRIEF: • Central Philippines has again experienced extreme flooding, marking a significant escalation from historical patterns.• Major floods can significantly increase the losses banks face from unpaid loans—especially when the property securing that loan, like a car, is damaged.• As climate impacts worsen, Loss
EASL.BASKETBALLMERALCO, sparked by new addition Sina Vahedi, recharged its bid in the East Asia Super League (EASL) with an 85-76 payback win over Taiwan champ Taoyuan Pauian Pilots on Saturday night in Ilagan City.Iranian Mr. Vahedi, the Continent’s premier playmaker, whipped up a storm in
Canino, Bacojo clinch IM rankings in Ozamiz tourney - BusinessWorld Online MARK JAY BACOJO (left) and RUELLE CANINO — FACEBOOK.COM/NCFPCHESSTHE PHILIPPINES’ Ruelle Canino and Mark Jay
NATIONAL UNIVERSITY LADY BULLDOGS — FACEBOOK.COM/SHAKEYSSUPERLEAGUEGames on Saturday(Rizal Memorial Coliseum)1 p.m. – FEU vs Adamson3:30 p.m. – UST vs NUNATIONAL UNIVERSITY (NU) earned a gritty 15-25, 25-23, 25-17, 13-25, 15-12 win over fierce rival University of Santo Tomas (UST) to move to the brink of