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A shelf corporation, shelf company, or aged corporation is a company or corporation that has had no activity. [1] It was created and left with no activity – metaphorically put on the "shelf" to "age". The company can then be sold to a person or group of persons who wish to start a company without going through all the procedures of creating a ...
MANILA (Reuters) -The Philippines gaming regulator will cancel the licenses of offshore gambling firms, most of them Chinese owned, and will work with law enforcement agencies to completely stamp ...
Offshore companies are used for a variety of commercial and private purposes, some legitimate and economically beneficial, whilst others may be harmful or even criminal. Allegations are frequently made in the press about offshore companies being used for money laundering, tax evasion, fraud, and other forms of white collar crime. Offshore ...
Philippine National Construction Corporation: Industrials Heavy construction Manila: 1966 State-owned construction S A Philippine National Oil Company: Oil & gas Exploration & production Taguig: 1973 State oil & gas S A Philippine Postal Corporation: Industrials Delivery services Manila: 1767 Postal service S A Philippines AirAsia: Consumer ...
Tengco told Reuters last month around 250 to 300 offshore gambling firms are operating in the Philippines without a licence, around six times more than the 46 legitimate gaming operators in the ...
Vietnam said on Friday it is willing to talk to the Philippines to seek measures that are in line with the interests of both countries, after Manila last week filed a claim with the U.N. to an ...
March 4 – Meralco, Aboitiz Power and San Miguel Global Power Holdings Corporation announce a ₱168 billion ($3.3 billion) agreement to establish the Philippines' first integrated liquefied natural gas facility in Batangas, which is expected to generate 1,320 megawatts of electricity by the end of the year.
The Philippines filed a claim with the U.N. on Saturday to an extended continental shelf (ECS) in the South China Sea, a waterway where it has had increasingly confrontational maritime disputes ...