Category: Business

  • ‘As regards the growth of India, we are looking at near close to double-digit growth this year and this would be the highest in the world’

    This post was originally published on The Asian Age | Home.

  • At present, harvesting is underway in key growing states of Madhya Pradesh, Andhra Pradesh and Karnataka

    This post was originally published on The Asian Age | Home.

  • Sitharaman arrived in the US Monday for a week-long trip to attend the annual meet of the World Bank and IMF in Washingon

    This post was originally published on The Asian Age | Home.

  • A factsheet on power supply in Delhi showed that there was no energy deficit in the city from September 26 to October 11

    This post was originally published on The Asian Age | Home.

  • The SBW is a high-tech control system that transmits steering power generated from the steering wheel to wheels through electronic signals

    This post was originally published on The Asian Age | Home.

  • What inspired you to structure yourselves this way?

    Erik Riley: I think it just goes back to the original ethos of the studio being non-hierarchical and flat in its structure. We were already operating that way, with limited hierarchy and democratic decision-making, so we were like, why don’t we just formalize it as a legal structure?

    Greg Mihalko: I was working at an agency that was very hierarchical. This was at the same time as Occupy Wall Street was happening. The way that those working groups were organizing was a concept that I started to understand.

    Devika Sen: We were surrounded by, and looking at, models with the same kind of operating principles. For me, it was artist collectives, similar to Interference Archive and Justseeds.

    Greg: There’s a really antagonistic relationship between workers and their bosses. But as a worker-owned studio, there’s no antagonism between who’s doing the work and who’s owning the labor. I think how we orient ourselves as designers and workers is a very clear political decision. We sincerely believe that another world is possible if we organize, and organize ourselves differently. So if we care about self-determination, and care about everyone having a sense of autonomy and dignity—why wouldn’t we, as a studio, organize ourselves on the path to the world that we want to see?

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    Would you mind sharing the resources that helped you transition to a worker-owned operating model?

    Greg: When we made the decision to become a co-op, there were a couple organizations in New York—there’s New York City’s Network of Worker Cooperatives, and there’s Democracy of Work Institute—that acted as a funnel into getting a legal partner to help us formally transition. We went through a 3-6 month period of hashing out an operating agreement and understanding how democratic decision-making would work in this structure. We signed the document at the beginning of the new year, so it was a clean break.

    We now work with the city on a project called Owner to Owners. We design the collateral and graphic materials to help build a better referral process for this organization that had funded our own legal fees, so that if other design agencies around the city are interested in this, they can go to Owner to Owners and fill out a form, and someone will be in touch. There are a couple other studios thinking about doing this already, and we think it will snowball from here. We want to work on this stuff with more design studios that want to be champions of this; it’s an important part of why we’re structured this way.

    Some of you joined P&P as interns, or straight out of school. How does it feel to know that you’re integral to the studio’s mission, but also that you bear an equal responsibility to the company?

    Lulu Johnson: At first I was an intern, and then I was an independent contractor, and then I got hired as a full-time employee-owner. That was an interesting transition. As the year went on, we had to hash out more of the logistics and figure out ownership responsibilities. I wasn’t very good at it at first, because it’s not something I ever expected as a young person, to have that sort of agency and responsibility.

    Devika: It’s really exciting, as a young person, to be a co-owner of a business. It’s very common to be taken advantage of as an emerging designer—working long hours, being underpaid, not feeling a sense of worth—and I never felt those things working here, even as an intern. I guess we were in some ways thrown into the deep end, but Greg and Erik and Zach fostered a learning environment where the walls were broken down. All of a sudden we were looking at the books, looking at financials, learning to put together scopes; all of this stuff was getting folded in, but it felt very natural. There’s still learning to do, but we’re getting better as time goes on.

    Zach Mihalko: Greg and I didn’t know any of that stuff either. But we’re trying to share as much as we can.

    Devika: For lack of a better word, there’s no gatekeeping of information.

    Greg: From the perspective of somebody who once ran this entire thing and now doesn’t have to, a co-op is a much less stressful, much more loving environment in which to run a business. There are other people who can pick up where you leave off in any aspect of the work. You have your partners, your co-owners, in it with you.

    Logan Heffernan: Part of the benefit of things being so horizontal is that things that are new don’t have to be scary. Prior to working at P&P, I had a more traditional studio experience where there was tension between the people who did the work and the people who made the decisions. There were a lot of days when I would go home uncertain of the path I was on; I felt alienated from my labor and from what we were producing as a studio. But because of the way we work here, I feel a sense of connection to what we’re doing.

    Lulu: In equal parts, people put a lot of trust in you to figure things out and do things well. But you also have people to lean on when learning new things.

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    How do you make decisions in a non-hierarchical way?

    Greg: There’s a clause for conflict resolution in our operating agreement that we thankfully have not had to use or discuss. If a conflict happened—let’s say if we wanted to move the studio—we would need a consensus minus one among everyone involved. Big decisions: what kind of work we take on, how we’re going to invest in our business, whether we raise our salaries; are formally and democratically decided.

    So with everyone giving and receiving feedback, there’s no singular arbiter of taste.

    Devika: There’s not a lot of formal internal feedback. A lot of it relies on the client. We’re not working for each other, we’re working for external clients, so we usually prioritize their feedback. But three of us will all work on a project together and each produce a visual direction, and during that process we can provide feedback for those directions. And as the project goes on, there are more opportunities for internal feedback and improvement.

    Greg: A few of us had been working on a pretty big website project, relatively siloed, and before our presentation Devika said, “Hey, I have some thoughts, can we talk about this stuff?” I think at a traditional studio that would be very much out of line, but we’re not afraid to approach each other in that way. It was great to have a pair of fresh eyes, because barreling along heads-down, we hadn’t been able to see what Devika was seeing. Her feedback helped shape the project in a way that was refreshing and necessary.

    Logan: Because there aren’t strictly assigned roles and confines around our process, we allow for moments like that. In that instance it was really helpful in moving the project forward.

    A quick note about feedback between studio members and how we work on stuff—and this isn’t to be anti-intellectual in relation to design—but I think it is important that we do identify our work as a service. As much as we all care about our practice, we’re careful not to get so involved in the insider elements of our work that we forget to deliver to our clients.

    Greg: That’s an important point. Elsewhere there’s pressure to create things that were fashionable and new and could live alongside the work of other people in the industry. Because of the dynamic that we’ve created, we reinforce each other’s work such that I don’t feel that pressure. We don’t need to make work that anyone else would recognize as good, we just need to know that we’re performing the work that we need to perform as a service for our clients and collaborators.

    Lulu: We also work pretty fast. We have too much going on, in a good way. We don’t have time to make things really precious and intellectual: it’s just about how well they perform.

    Devika: Like Logan said, this is a service that we’re providing. We often frame our projects as tools: for instance, a website is a digital tool for an organization to organize, to present themselves to the public, and to communicate certain information. Tool building is an important aspect of what we do. It’s not about making the coolest work out there right now.

    In terms of taste, what’s really cool about having this melting pot of creative people is that you can see everyone’s taste in our work. But when it comes together on our site, it’s like, oh, that’s Partner & Partners. We all get to exercise our own personal taste.

    Greg: No one is passing it down. There’s no Vignelli at the top of our studio saying our work has to look like this.

    Devika: Erik and I will work on sketches for a little bit and then we’ll say, do you want to trade? And we’ll work on each other’s directions for a bit. It’s fun because you don’t get bored of your own stuff.

    We had to do that in art school! It taught you not to be precious with your own work.

    Devika: Yeah!

    Erik: I think it’s a key element of our structure; it really feels like most projects pass through all of our hands, and that makes our work feel less precious. It speaks to the overall ethos of the studio: our process is very collaborative.

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    I’d like to address another socialist ideal that you’ve achieved: the four-day workweek. You guys do so much amazing work in the span of four days.

    Greg: We try!

    Lulu: It’s really helpful being in the studio for four days of the week because you don’t want to do more work when you get home from the studio on Thursdays. It makes you more productive: you do what you have to do in those four days.

    Devika: To be transparent, sometimes we do have to work on Fridays. It’s more like: I have a meeting because it’s the only day that worked, or I didn’t finish some deadline, or I’m gonna follow up with emails. But I still wouldn’t call it a five-day workweek.

    It started when I was an intern, Greg was volunteering at Interference Archive on Fridays, and we were the only ones at the office. And you know how it’s like on Fridays—you just want to go home. You take super long lunches.

    Greg: No one wants to respond to my email on Fridays, and I don’t want to respond to theirs. So we decided we could be just as productive in four days and it would give us the potential for nearly half of our time back on the weekends. We’ve never looked back.

    But we all trust each other. We’re not going to abuse that. If things need to happen on a Friday, they happen.

    Does the extra day give you more time to nurture your creative side?

    Devika: It should!

    Logan: I go on bike rides on Fridays.

    Devika: I sleep in and hang out with my cat.

    I would argue those are all great ways to connect with your practice.

    Greg: You think you’re going to have the energy to sit down and work on self-directed projects, but really you go take care of your laundry, drive upstate, do whatever you need to do to refresh.

    Devika: Which is essential.

    Lulu: Three day weekends are great. I do one chore day, one rest day, and one social day. I don’t know how I could do without that.

    Erik: Can’t go back. Won’t go back.

    Devika: The work that we do in our studio already feels like it’s self-directed. If there is a project I wanted to be working on it’s already happening here.

    Lulu: Devika and Erik and I were recently asked if all of us had individual practices outside of the studio and we were all like, “no, not really.” But the more I think about it, the more I feel like our joint practice is all of our individual practices. Thinking about Logan, for example—in the fall, he was doing some volunteering for Housing Justice for All, and they asked for something more formal, and he ended up bringing his work through the studio. It seemed the most natural to do it that way.

    Devika: And we each have outside interests that are separate from our work, which is nice.

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    How do you think the industry at large can practice this kind of care and trust? Is there hope for the rest of us?

    Erik: I think it’s going to require a different mentality for sure, a shift. I think we’re already seeing signs of that growing, and certainly the pandemic has exacerbated signs of those pre-existing issues with big organizations and top-town structures. I think we’ve all been surprised, since we’ve transitioned, how much work we’re now doing for other co-ops; and that mentality has been around for a really long time, but it really feels like there’s a resurgence coming. I feel like it has some legs now; it’s really starting to take off and get more exposure, which is exciting. So I think it’s definitely within the realm of possibility. But I think more awareness campaigns around it are going to be key.

    Greg: And it’s super important that more of the schools that are teaching creatives, and that more of the publications that are featuring creatives, take our orientation and structure into consideration as part of what they hold up as good work. Because if we continue to hold up works that are championed by one person, but that represent and capture a whole bunch of work that is invisibilized, we perpetuate the problem.

    If we can ask: Who’s doing this work? Was it equitably produced? Is the client perpetuating bad labor practices or polluting the environment? Why are we continuing to talk about those companies as the best examples of design? If that changes, then more people will be like, “I don’t want to work for a company that treats me like shit. I want to go work for a company that’s taking care of me, and that I feel good at.”

    Partners & Partners Recommends:

    Staying hydrated with this 24 oz. tall working glass.

    @covid_aesthetics for a laugh, or cry.

    Climbing your nearest fire tower.

    Visiting remote areas of the world via a game of Geoguessr, a P&P pandemic pastime.

    Browsing an archive, digitally or physically. We recommend Interference Archive (in person), Free Speech Movement Archives, or OSPAAAL.

    This post was originally published on The Creative Independent.

  • The decision comes weeks after Indian officials seized nearly three tonnes of heroin originating from Afghanistan

    This post was originally published on The Asian Age | Home.

  • Petrol price was hiked by 30 paise per litre and diesel by 35 paise a litre

    This post was originally published on The Asian Age | Home.

  • During the official visit to the US, Sitharaman is expected to meet US Treasury Secretary Janet Yellen

    This post was originally published on The Asian Age | Home.

  • EDITORIAL: By Samoa Observer editorial board

    How strange that an Australian should have emerged as the face of Samoa in the Pandora Papers leak.

    Accountant Graeme Briggs’ role in establishing Samoa’s reputation as an international tax haven – a sunny place for shady people – is without parallel.

    His Asiaciti group advised rich people worldwide about how to minimise their tax burdens and he put Samoa on the map for these clients, in favour of traditional places such as the Canary and British Virgin Islands.

    Samoa had a lot going for it, clients were told, including secret trusts and an effective tax rate for offshore companies of zero.

    For his services to raising Samoa’s offshore profile, the government made Briggs Honorary Consul to Singapore for 25 years.

    But the latest release of data from the International Consortium of International Journalists (ICIJ) includes thousands of files from Asiaciti and shows just how he managed to help already wealthy bank executives and businessmen pay nothing to their governments.

    He denies any legal wrongdoing – and he is most likely right.

    Tax minimisation is not illegal, nor is doing business internationally.

    Many of the names you are reading in connection to the investigation – the King of Jordan, Vldimir Putin, former British PM Tony Blair – will face no consequences. Their accountants and lawyers will have made perfectly sure of that.

    The complexity of tax codes in wealthy countries make complex maneouvres such as blind and investment trusts, shell companies and other tax evasion moves possible.

    Why haven’t more Samoans been exposed on this list?

    It’s a good question with some simple answers. Living in a tax haven only requires an overseas business partner to acquire the benefits of offshore banking. But more practically, as Samoa is officially listed as a tax haven by bodies like the European Union every business in the country, down to innocent non-profits are flagged in the ICIJ’s system; Australians who do their banking in Samoa, by contrast, stick out like sore thumbs.

    That places a huge burden on Samoan journalists in identifying the financial maneouvres of those in the top one percent.

    This raises questions about the government’s goose that laid the golden egg: the Samoan International Finance Authority (SIFA) – an agency which assures us it is cleaning its act up.

    Ads currently on the internet offer users the ability to establish an offshore company in Samoa virtually instantly for prices as low as US$900.

    Last fiscal year the authority recorded a profit of $23 million. Ten years ago the authority was bringing in close to $20 million a year. It is not a soaring growth industry.

    At what cost do we price our reputation and dignity?

    We doubtlessly have a tax code that has in-built favourability for tax evasion, precisely because it appears to have been designed, at least in part by Briggs himself.

    Two leaked emails reported on by Australia’s public broadcaster tell the story of Briggs’ pivotal role in tax policy. One came from a senior public servant in Samoa, who described Briggs as the “grandfather” of Samoa’s offshore Industry.

    In another, an Asiaciti employee brags that Briggs was involved in “setting up the structure and legislation of the Samoa offshore finance centre”.

    That second email may have been a bit of hyperbole but it is hardly stretching the imagination to think that his influence was substantial, if not total.

    Prime Minister Fiame Naomi Mataafa’s call for a review of the entire tax code is highly welcome.

    But before we get too harsh on ourselves, we must ask who are the biggest tax minimisers and money launderers in the world and from which countries do they operate?

    The most significant corporate tax crimes take place in countries such as America and aided by big banks and the world’s “big four” accountancy firms registered in England and Holland.

    They have helped clients avoid tax for years. Banks and accountants are safe in the knowledge that a slap on the wrist awaits them if caught.

    Nobody’s hands are clean. But other countries’ rule-breaking far outweighs our island nation’s because of its volume and sheer disregard for the law.

    In the last year alone, many of Credit Suisse’s executives were criminally charged for accepting proceedings of drug dealing while the Spanish Banco Santander was fined €5.6 billion for failing to investigate the source of clients’ wealth.

    Perhaps the most infamous case involved American firm Goldman Sachs agreeing to wholesale defraud the people of Malaysia by creating a secret fraudulent future fund.

    Goldman helped the government steal US$1.2 billion which was spent on private planes, dozens of crocodile skin Hermes handbags, apartments in New York, London and Paris and even financing the film The Wolf of Wall Street before it was exposed.

    These scams are nothing compared to the money brought in by SIFA. Like climate change the problem is global but Samoa has contributed to only a tiny fraction of it and has received undue attention for doing so.

    Nonetheless we believe that we should cease our reputation as a go-to country for tax evasion as soon as possible because it is the right thing to do.

    But we should also diplomatically remind our development partners that they are saying one thing and doing another on tax evasion.

    It would take a comparatively tiny contribution of less than US$10 million to replace SIFA’s profits and go toward funding a programme to develop technical expertise that would create a new, legitimate financial services industry long into the future.

    The Samoa Observer editorial on 8 October 2021. Republished with permission.

    This post was originally published on Asia Pacific Report.

  • The govt on October 8 had announced that Tatas have won the bid to acquire Air India for Rs 18,000 crore

    This post was originally published on The Asian Age | Home.

  • The govt on October 8 had announced that Tatas have won the bid to acquire Air India for Rs 18,000 crore

    This post was originally published on The Asian Age | Home.

  • The price of diesel in the national capital has gone up to Rs 92.82 per litre

    This post was originally published on The Asian Age | Home.

  • Aged care
    A $53,000 home-care package gets just nine hours of support yet the government has slung suppliers an extra $6.5bn. Dr Sarah Russell reports on aged care profiteers and finds self-management is the answer

    This post was originally published on Michael West Media.

  • The price of petrol in Delhi rose to its highest-ever level of Rs 103.84 a litre and Rs 109.83 per litre in Mumbai

    This post was originally published on The Asian Age | Home.

  • The minimum tax and other provisions aim to put an end to decades of tax competition between governments to attract foreign investment

    This post was originally published on The Asian Age | Home.

  • The director who will run the club said she understands the questions on human rights and takes them seriously

    Amanda Staveley has spent sufficient time in Middle Eastern souks to be able to spot a precious stone hiding, unpolished, amid a sea of replicas.

    No jewel, though, has ever quite captured her heart the way Newcastle United did when, almost exactly four years ago, she arrived at St James’ Park to watch Rafael Benítez’s then team draw 1-1 with Liverpool. “I fell madly in love,” she says. “Newcastle’s unique; it’s like a fantastic gem which needs buffing up at every level.”

    Continue reading…

    This post was originally published on Human rights | The Guardian.

  • Tata Sons were up against Spicejet promoter Ajay Singh-led consortium who had bid Rs 15,100 crore

    This post was originally published on The Asian Age | Home.

  • Prices differ from state to state depending on the incidence of local taxes

    This post was originally published on The Asian Age | Home.

  • RBI had last revised its policy repo rate or the short-term lending rate on May 22, 2020

    This post was originally published on The Asian Age | Home.

  • people with smartphones
    “Your smartphone has a built-in frailty that will force it to fail in approximately 2-3 years.” Manal al-Sharif reports on how Big Tech designs products to fail

    This post was originally published on Michael West Media.

  • Simultaneously, petrol price was increased by 30 paise per litre and diesel by 35 paise a litre

    This post was originally published on The Asian Age | Home.

  • cemetaries,
    The ascension of Dominic Perrottet to Premier of NSW comes at a critical hour in the campaign by the Catholic Church to control NSW cemeteries for the next 200 years.

    This post was originally published on Michael West Media.

  • By Ralf Rivas in Manila

    More than 900 individuals and companies linked to the Philippines have figured in millions of files on offshore accounts leaked from finance providers, and which a broad group of journalists from 117 countries recently investigated.

    An extremely small number of these accounts are tied to big businesses with legitimate sources, and whose reasons for moving and keeping their wealth overseas may be indicative of how the Philippine financial system has been slow on reforms.

    The rest of the Philippine-linked accounts are mysterious at the very least.

    Some individuals, who are either previously unheard of in elite circles or never found in legitimate databases, turned out to be the beneficiaries of multiple accounts. The purpose of many accounts could not be ascertained.

    On a global scale, the International Consortium of Investigative Journalists (ICIJ) – leading 140 media outlets in 117 countries in this latest investigation – found that fugitives, con artists, murderers, and world leaders used offshore accounts to hide wealth and buy properties.

    Rappler and the Philippine Center for Investigative Journalism (PCIJ) parsed through all the names and companies from documents collectively known as the Pandora Papers.

    Of the 14 offshore service providers whose documents were accessed by ICIJ partners, five had Philippine-based clients:

    • Trident Trust
    • Commence Overseas Limited
    • Overseas Management Company Trust Limited
    • Asiaciti Trust
    • Alcogal

    We found very little information about the people with the most links to offshore accounts in the ICIJ documents. (Check the complete list from the ICIJ here.)

    Details were scant to be able to identify the purpose of 259 offshore companies, while at least 282 names from the list could not be linked to registered or active companies.

    While Rappler and the PCIJ do not necessarily imply that illegal transactions were done through these companies of unknown individuals, we raise questions on the purposes of keeping these offshore.

    Why go offshore?
    It is legal for Filipinos to set up offshore accounts. These companies, however, operate in various shades of gray areas that are worthy of scrutiny from regulators.

    A seasoned corporate lawyer who has wealthy clients acknowledged in an interview with Rappler and PCIJ that companies in so-called tax havens attracted both high-net worth individuals and criminals. He asked not to be named.

    For one, the British Virgin Islands is an established favourable taxing jurisdiction. While the Philippines has recent laws which reduced estate and income taxes, the British Virgin Islands still has significantly lower rates.

    “We have this client, she’s a matriarch, she owns shares of high value. Now, her concern is that she does not want to burden her children and grandchildren with taxes related to inheritance,” the lawyer explained.

    “I think the tax could reach P30 million (NZ$900,000). What if you’re rich but not liquid? Where will you get that money just to inherit the shares?

    “So I advised her to establish a trust, because, when those shares go into the trust, the trust will hold the shares for the benefit of your children…and effectively cut what could have been perpetual taxes once it goes down to the grandchildren and their children. That saves a lot of money.”

    For another, the territory is very lenient when it comes to disclosure of ownership of companies.

    ‘Layering’ wealth
    BVI companies can help in “layering” one’s wealth so as not to attract “too much” attention.

    The lawyer, however, admitted that these functions operate within gray areas that corrupt individuals could abuse.

    “It’s not wrong per se, but, like all other things, it can be used for bad purposes. For example, you’re a politician who got kick-backs, then you have lodged your funds here in the Philippines, it’s quite possible that the bank secrecy can be lifted during a litigation.

    “But if you lodge it abroad, it would mean that the court may have to ask for cooperation from that country, that company or bank – that’s a lot of steps,” the lawyer said.

    We reached out to the business executives we were able to identify on the list. They said that their offshore companies were either created for business deals or for cost and tax efficiency. Some remained dormant and were not used at all.

    Moreover, corporate lawyers we spoke to pointed out that the rich have every reason to move their money out, as the Philippines’ laws “unnecessarily” taxed wealth several times over.

    “While there have been reforms, the tax laws need to be improved further,” a corporate lawyer said.

    Most importantly, moving assets abroad also provided some security for their legally-acquired wealth.

    What’s fishy, what’s not
    With the mix of the good and the bad operating within the BVI system, how does one tell which account holds dirty money?

    “There really is no clear way,” said another corporate lawyer, who also wanted to remain anonymous so as not to “alarm” his high-profile clients.

    “I have a client whose child was almost kidnapped because of their perceived wealth. Setting up an offshore account hides their money in a legitimate way from people who have bad intentions, while also keeping it accessible whenever they need the liquidity,” the second lawyer said.

    Former Bureau of Internal Revenue Commissioner Kim Henares shared this view, saying that prominent names on the list may “not be an issue,” as these individuals could easily justify their wealth.

    “But if a name does not come up on Google, but has lots of offshore accounts,” the second lawyer said, “I simply ask: What are you doing there?”

    Moreover, the secrecy of the offshore system makes it impossible to distinguish which are tied to legitimate sources and which come from criminal activities.

    ICIJ also pointed out that even legal transactions have to also be put into question. For instance, profits of businesses from high-tax countries are transferred to companies that only exist on paper in tax havens.

    Does this put the host country like the Philippines at a disadvantage? Or are there gaps needed to be plugged in such countries and territories?

    Unclear purposes
    After careful investigation, Rappler and PCIJ found that the purpose of the majority of the offshore companies linked to Filipinos on the Pandora Papers are unclear.

    The Philippines is not a unique case. According to the Paris-based Organisation for Economic Cooperation and Development (OECD), at least $13.3 trillion is held offshore.

    Who’s who on the list?
    The tree map here shows that most of the individuals on the list linked to the Philippines are unknown or have scant publicly available records.

    The chart was made by carefully checking each name on search engines and databases and matching them with a company. These companies are then categorised per industry.

    While the majority of the companies can’t be traced to prominent Filipino personalities or firms, we were able to identify 36 offshore companies linked to conglomerates and mall operators, some of which have responded to our queries.

    The names of the Sy siblings of SM Investments Corporation, for instance, showed up on the Commence list and are linked to 10 offshore companies incorporated in the British Virgin Islands. Their companies were created sometime between 2002 and 2015.

    The Gaisano family, which owns malls and retail outlets mostly in the Visayas and Mindanao, are linked to 12 companies.

    The Commence list also indicated the Gatchalian family of the Wellex Group owning 10 BVI companies.

    Some members of the Aboitiz clan were named owners of 13 companies. (View the responses of prominent Filipinos here.)

    The documents were able to identify 156 Filipinos, 21 Chinese, and 9 Britons.

    But the nationalities of 160 other names on the list cannot be ascertained. Almost all of these names, however, are Filipino and Chinese-sounding.

    The Philippines has a long way to go.

    While leaks via the Panama Papers and the Paradise Papers of 2017 have prompted legislators to follow the rest of the world in lifting the bank secrecy law, the Philippines continues to keep the lid on.

    Reported in partnership with the International Consortium of Investigative Journalists and the Philippine Center for Investigative Journalism. Republished with permission.


    This content originally appeared on Asia Pacific Report and was authored by APR editor.

    This post was originally published on Radio Free.

  • Petrol price for the third straight day hiked by 25 paise a litre and diesel by 30 paise

    This post was originally published on The Asian Age | Home.

  • Starlink Country Director for India Sanjay Bhargava in his social media post said that the pre-order from India has crossed 5,000

    This post was originally published on The Asian Age | Home.

  • Earlier this month the finance ministry said it had received bids for the airline, but did not name the bidders

    This post was originally published on The Asian Age | Home.

  • The third increase in its rates this week has sent petrol prices above Rs 100 in most major cities of the country

    This post was originally published on The Asian Age | Home.

  • Tata Group has faced criticism for not running its existing aviation businesses efficiently, though they represent a tiny portion of revenue

    This post was originally published on The Asian Age | Home.

  • WestConnex, Transurban
    Just how good is the WestConnex mega-deal which the toll road monopolist Transurban has struck with NSW? Where is the new $11b going and what is this mysterious new “WestInvest”? Wendy Bacon investigates the deception around Australia’s biggest and most secretive infrastructure project.

    This post was originally published on Michael West Media.