Showing posts with label Businessmen. Show all posts
Showing posts with label Businessmen. Show all posts
Saturday, February 14, 2015
5 bachelor billionaires you should know
MANILA, Philippines - Still looking for that tall, handsome and wealthy guy to sweep you off your feet?
Wealth-X, a leading ultra high net worth intelligence and prospecting firm, has compiled a list of the wealthiest, youngest and most eligible bachelors in the world.
"They’re all under the age of 35 and richer than Midas – and single," Wealth-X said.
1. Scott Duncan, 32
The American billionaire is estimated to be worth $5.5 billion. Duncan, who lives in Houston, is the only son of the Duncan family, which made its money through energy company Enterprise Products.
2. Thomas Persson, 30
Persson, the son of Sweden's richest man Stefan Persson, is estimated to have a net worth of $2.8 billion. His family owns fast fashion giant H&M, where his older brother Karl-Johan is president and CEO.
3. Evan Thomas Spiegel, 24
The founder of popular mobile app Snapchat has an estimated net wealth of $1.7 billion. Spiegel started Snapchat with a fellow Stanford University student, Filipino-American Bobby Murphy.
4. Carl Erik Hagen, 27
Hagen is the only son and heir to Norwegian holding company Canica. The Norwegian is estimated to be worth $1.7 billion.
5. Prince Albert II Maria Lamoral Miguel Johannes Gabriel von Thurn and Taxis, 31
The German aristocrat's net wealth is estimated at $1.5 billion. He is also known as a champion racing car driver.
source: www.abs-cbnnews.com
Tuesday, May 13, 2014
Happy days back soon in Subic?
Cheers, jeers greet news of American troops' return to Subic
MANILA - Happy days are back in Subic Bay. Businessmen, especially bar owners, are excited at the prospect of American soldiers returning to Subic and Olongapo City as a result of the Enhanced Defense Cooperation Agreement (EDCA).
However, not all residents are as excited. Among them is a group of former bar workers who warns against the adverse effects of the return of the Americans.
US naval ships docking again means some bars in Subic and Olongapo are coming back to life.
They died a long time ago after the Senate voted for the removal of the US military bases, including the one in Subic, in September 1991.
With the EDCA signing last April 28 that allows the US to put up its own structures inside Philippine military camps, and a portion of the former US Naval base in Subic being eyed as possible site for these new structures, businessmen expect to make a killing in Subic and Olongapo.
Bars are being spruced up. Businessmen are expecting more Americans to come soon. People now see bars posting signs that they are hiring new dancers, managers, and guest relations officers.
"Lalakas ang kita ng bar," one bar girl said.
"Lahat nag-aantay," said another. "Nag-aantay sa mga Kano."
But one group of women once lured into working for bars that catered to American soldiers during the heyday of US bases is not at all pleased.
They don’t like EDCA and they don’t like the Americans returning to Subic.
One of them is Alma Bulawan, who fell in love with an American and gave birth to his child. The American left them without even saying goodbye.
Bulawan, president of the Buklod ng Kababaihan sa Olongapo, said around 8,000 Amerasians in Olongapo City were abandoned by their American fathers.
"May discrimination po kasi kahit graduate ka, ang hirap magtrabaho," Bulawan said.
Brenda Moreno, an organizer of the Buklod ng Kababaihan sa Olongapo, is a daughter of an American soldier.
She and her mother were abandoned by her father. She has been looking for him for years.
Moreno said she last saw her father while she was young. She said her father gave her USD 5 and she never saw him again.
"Kuha sila ng mga babae dito, tapos mag-aanak lang sila. Pero wala naman silang pakialam kung anong mangyayari sa mga anak nila sa Pilipinas," Moreno said.
She said she is suffering from discrimination because of the color of her skin.
Although she wants to go to the US to find her father, Moreno said the US embassy denied her visa application.
NEW GENERATION
However, a new generation of bar girls don’t care at all.
"Mayroong nagseseryoso, merong nagpi-fling lang. Eh nasa babae din naman iyon," one bar girl said.
Local officials also see more business opportunities. Aside from entertainment, tourism, food, and retail businesses are expected to boom.
"Naka-book sa mga hotel diyan. Kakain sa restaurant. Magsa-shopping sa mall. The local business, tourism establishments especially, benefit from this," Subic Bay Metropolitan Authority Chairman Roberto Garcia said.
"We will do everything para hindi naman masabi nila na maging sin city," Subic Mayor Jay Khongun said.
In the coming weeks, people expect government officials to explain EDCA further before it is finally implemented, especially in Subic and Olongapo City.
source: www.abs-cbnnews.com
Thursday, February 16, 2012
Rotarty Club foundation, prominent businessmen face tax evasion case
MANILA, Philippines – A 40-year old foundation formed by the Rotary Club of Makati, as well as prominent businessmen comprising its officers, are facing tax evasion charges after allegedly passing off as a donation part of the revenues earned from the lease of a 20,063 square meter property in Paranaque City.
The Bureau of Internal Revenue (BIR) on Thursday filed a P47 million complaint before the Department of Justice against the Makati Rotary Club Foundation Inc. (MRCFI) and its officers, namely Felix Amparo, Jose Bengzon III, Federico Borromeo, Jr., Larry Boyer, Juan Carlos, Jr., Ramon Diokno, Tomas De Leon, Robert Kuan, Ricardo Librea, Conrado Marty, Alfredo Parungao, Antonio Quila, Wellington Soong and Jesus Tambunting.
BIR Commissioner Kim Jacinto-Henares said the foundation evaded tax payments by splitting these into rentals and donations.
The foundation’s lease contract with Fedders Koppel for the 2000-2004 period provides for a lease of P4 million for 2000 that increased to P4.9 million by 2004 and an annual donation of P2 million.
The contract covering the 2005-2009 period provided for an annual lease of P4.2 million plus value-added tax and annual donations. The contract provided for a donation of P3 million in 2005, P3.2 million in 2006, P3.3 million in 2007, P3.6 million in 2008 and P3.9 million in 2009.
Classifying part of the payment as donation is a tax saving scheme since the donor is liable to pay the tax, according to the BIR.
Given this scheme of splitting the payment, MRCFI’s P27 million donation didn’t form part of the computation of the foundation’s corporate income tax and value added tax (VAT) liabilities for the period 2000 -2009.
The Rotary Club of Makati said it won the first of two Rotary International Significant Achievement Awards for having organized the foundation. The club credits its success through the years to its foundation, which used to earn rental income from a three-storey arcade at the Makati Commercial Center.
In recent years, the foundation reported that it earns an annual P20 million in rentals from two properties, one of which is in Paranaque. A third property in Guadalupe Viejo, Makati is home to the foundation’s headquarters.
source: interaksyon.com
The Bureau of Internal Revenue (BIR) on Thursday filed a P47 million complaint before the Department of Justice against the Makati Rotary Club Foundation Inc. (MRCFI) and its officers, namely Felix Amparo, Jose Bengzon III, Federico Borromeo, Jr., Larry Boyer, Juan Carlos, Jr., Ramon Diokno, Tomas De Leon, Robert Kuan, Ricardo Librea, Conrado Marty, Alfredo Parungao, Antonio Quila, Wellington Soong and Jesus Tambunting.
BIR Commissioner Kim Jacinto-Henares said the foundation evaded tax payments by splitting these into rentals and donations.
The foundation’s lease contract with Fedders Koppel for the 2000-2004 period provides for a lease of P4 million for 2000 that increased to P4.9 million by 2004 and an annual donation of P2 million.
The contract covering the 2005-2009 period provided for an annual lease of P4.2 million plus value-added tax and annual donations. The contract provided for a donation of P3 million in 2005, P3.2 million in 2006, P3.3 million in 2007, P3.6 million in 2008 and P3.9 million in 2009.
Classifying part of the payment as donation is a tax saving scheme since the donor is liable to pay the tax, according to the BIR.
Given this scheme of splitting the payment, MRCFI’s P27 million donation didn’t form part of the computation of the foundation’s corporate income tax and value added tax (VAT) liabilities for the period 2000 -2009.
The Rotary Club of Makati said it won the first of two Rotary International Significant Achievement Awards for having organized the foundation. The club credits its success through the years to its foundation, which used to earn rental income from a three-storey arcade at the Makati Commercial Center.
In recent years, the foundation reported that it earns an annual P20 million in rentals from two properties, one of which is in Paranaque. A third property in Guadalupe Viejo, Makati is home to the foundation’s headquarters.
source: interaksyon.com
Monday, December 19, 2011
Warning on fake peso bills
MANILA, Philippines — Quezon City authorities are asking retailers and other businessmen to use “bill verifiers’’ and other safety measures to detect fake peso bills which continue to flood the market as Christmas approaches.
Alarmed by the growing complaints against counterfeit bills, Councilor Jaime Borres of the city’s third district urged the police to concentrate on cracking down on money-faking syndicates.
He said that even small businesses like variety stores, flea markets and food stalls were not spared by the swindlers putting the financial not only to the owners but also to the crew, sales clerks or house helps manning the shops.
Mayor Herbert Bautista said the proliferation of counterfeit bills calls for drastic measures because even gasoline stations, fast food stores and other retail outlets have been victimized by counterfeiters passing off fake P100, P500 and P1,000 bills.
“Throughout the year we would occasionally receive complaints about the use of counterfeit bills but surprisingly there were a significant number of reports about similar problems in the last few days. I believe there is now a basis for the PNP, the NBI and banking authorities to start an investigation,’’ Bautista said.
Bautista said reliable sources confirmed the widespread number of bogus bills in the groceries and stores not only Metro Manila but also in the provinces of Bulacan and Pampanga.
Wholesale and retail businessmen said the fake P100, P500 and P1,000 look very similar to the genuine bills, making it difficult for their staff to detect the difference.
Former Barangay Chairman Mario de Guzman exhorted the police to intensify their campaign against bogus bills especially during the Christmas season.
De Guzman noted that unscrupulous political aspirants distribute fake bills as Christmas gifts to their voters.
“Since commercial activities are at its peak, unprincipled candidates tend to take advantage of the people by handing out the bogus peso bills either as payment for their services or as grease money to sway the votes in their favor,’’ De Guzman added.
He asked the public to immediately report individuals involved in the distribution of bogus bills.
“I am not an economist but I know that if there are lots of bills in circulation more than what is necessary without the corresponding amount of gold reserves from the Central Bank then it could spell economic disaster,” de Guzman added.
De Guzman is also a member of the city government’s People Law Enforcement Board (PLEB) that hears complaints against abusive policemen.
He promised full protection for informers who can positively pinpoint any member of the Philippine National Police (PNP) involved with fake bill syndicates.
source: mb.com.ph
Alarmed by the growing complaints against counterfeit bills, Councilor Jaime Borres of the city’s third district urged the police to concentrate on cracking down on money-faking syndicates.
He said that even small businesses like variety stores, flea markets and food stalls were not spared by the swindlers putting the financial not only to the owners but also to the crew, sales clerks or house helps manning the shops.
Mayor Herbert Bautista said the proliferation of counterfeit bills calls for drastic measures because even gasoline stations, fast food stores and other retail outlets have been victimized by counterfeiters passing off fake P100, P500 and P1,000 bills.
“Throughout the year we would occasionally receive complaints about the use of counterfeit bills but surprisingly there were a significant number of reports about similar problems in the last few days. I believe there is now a basis for the PNP, the NBI and banking authorities to start an investigation,’’ Bautista said.
Bautista said reliable sources confirmed the widespread number of bogus bills in the groceries and stores not only Metro Manila but also in the provinces of Bulacan and Pampanga.
Wholesale and retail businessmen said the fake P100, P500 and P1,000 look very similar to the genuine bills, making it difficult for their staff to detect the difference.
Former Barangay Chairman Mario de Guzman exhorted the police to intensify their campaign against bogus bills especially during the Christmas season.
De Guzman noted that unscrupulous political aspirants distribute fake bills as Christmas gifts to their voters.
“Since commercial activities are at its peak, unprincipled candidates tend to take advantage of the people by handing out the bogus peso bills either as payment for their services or as grease money to sway the votes in their favor,’’ De Guzman added.
He asked the public to immediately report individuals involved in the distribution of bogus bills.
“I am not an economist but I know that if there are lots of bills in circulation more than what is necessary without the corresponding amount of gold reserves from the Central Bank then it could spell economic disaster,” de Guzman added.
De Guzman is also a member of the city government’s People Law Enforcement Board (PLEB) that hears complaints against abusive policemen.
He promised full protection for informers who can positively pinpoint any member of the Philippine National Police (PNP) involved with fake bill syndicates.
source: mb.com.ph
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