Fourteen former officials of the Development Bank of the Philippines, led by chairperson Patricia Sto. Tomas, have asked the Sandiganbayan to dismiss two graft charges filed against them by the Office of the Ombudsman in connection with the alleged “behest” loans granted in 2009 to Delta Ventures Resources Inc. (DVRI), a firm owned by businessman Roberto Ongpin.
The Sandiganbayan has allowed businessman Roberto Ongpin to travel abroad for one month to attend business meetings.
Businessman Roberto Ongpin has petitioned the Sandiganbayan to recall the hold-departure order it issued against him and allow him to travel abroad to attend business meetings and conduct negotiations.
The Commission on Audit will host the 46th Governing Board Meeting of the Asian Organization of Supreme Audit Institutions (ASOSAI) that will bring together Asian leaders in the field of government audit on February 17-21.
The Commission on Audit wants a private contractor disqualified from future biddings of the Land Transportation Office for failure to comply with its contract obligation resulting in the delay in the delivery of motor vehicle license plates last year.
He makes manpower training the center of the Aquino administration’s efforts to post giant growth strides. Secretary Joel Emmanuel Villanueva, director general of the Tesda, says he wants to lead people to employment, raise their incomes, and eventually make them part of a strong middle class.
The Office of the Ombudsman has been asked to determine whether any laws were violated in the conversion of the government’s 24 percent stake in San Miguel Corp. (SMC) into preferred shares, resulting in a possible revenue loss of P16 billion.
San Juan City Rep. JV Ejercito has called for a congressional inquiry into the practices of domestic airlines that cause unnecessary inconvenience and discomfort to passengers.
A party-list lawmaker is seeking a House inquiry into the multibillon-peso loans extended by the state-owned Development Bank of the Philippines (DBP) to big private corporations, saying that its funds are primarily intended for small and medium-scale industries.
Eastern Samar Representative Ben Evardone on Saturday said that consumers should brace themselves for more increases in electricity rates as he disclosed that four more petitions for rate adjustments had been filed before the Energy Regulatory Commission (ERC). He said the National Power Corp. had asked for an increase of P0.2759 per kilowatt hour (kWh) [...]
MANILA, Philippines—Two lawmakers are seeking the repeal of two Bangko Sentral ng Pilipinas (BSP) circulars that mandate bank check clearances on the same day instead of three days. Cagayan de Oro Rep. Rufus Rodriguez and his brother, Abante Mindanao party-list Rep. Maximo Rodriguez Jr., said that BSP Circulars 681 and 705 issued on Jan. 24, [...]
