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2 Spanish firms file graft raps vs CAAP execs

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Two Spanish companies and their local partner here have filed a complaint against officials of the Civil Aviation Authority of the Philippines (CAAP) for disqualifying them from a P1.24-billion airport fire truck procurement project.

Posted: October 18th, 2013 in Latest Business Stories | Read More »

COA tells SSS to speed up processing of death, disability, retirement claims

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SSS main building in Quezon City. CONTRIBUTED PHOTO/Wikimedia.org

The Commission on Audit has aired serious concern over the slow processing of payments of death, disability and retirement claims of members of the Social Security System (SSS).

Posted: October 2nd, 2013 in Latest Business Stories | Read More »

COA questions SEC execs’ million-peso pay hikes in ’12

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sec map

The Commission on Audit (COA) has questioned the Securities and Exchange Commission (SEC) for granting salary increases ranging from 57 percent to 250 percent—totaling P108.86 million—to its 303 officials and employees in 2012.

Posted: August 25th, 2013 in Latest Business Stories | Read More »

14 ex-DBP execs seek dismissal of 2 graft raps

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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.

Posted: March 21st, 2013 in Latest Business Stories | Read More »

Sandigan allows Ongpin to travel

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Businessman Roberto Ongpin  INQUIRER FILE PHOTO

The Sandiganbayan has allowed businessman Roberto Ongpin to travel abroad for one month to attend business meetings.

Posted: February 20th, 2013 in Latest Business Stories | Read More »

Ongpin asks court to recall travel ban

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Businessman Roberto Ongpin  INQUIRER FILE PHOTO

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.

Posted: February 6th, 2013 in Latest Business Stories | Read More »

COA to host international audit meeting

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coa

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.

Posted: February 2nd, 2013 in Latest Business Stories | Read More »

COA asks LTO to blacklist license plate supplier

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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.

Posted: January 23rd, 2013 in Latest Business Stories | Read More »

Tesda chief Joel Villanueva: Posting growth strides

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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.

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.

Posted: November 24th, 2012 in Editor's Pick,Headlines,Inquirer Features | Read More »

Probe of conversion of gov’t’s 24% stake in SMC sought

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san-miguel

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.

Posted: October 12th, 2012 in Latest Business Stories | Read More »

Lawmaker seeks probe of airlines’ promo practices

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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.

Posted: April 22nd, 2012 in Latest Business Stories | Read More »

Kasangga party list Rep. Teodorico Haresco Jr. seeks probe of large DBP loans

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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.

Posted: September 11th, 2011 in Latest Business Stories | Read More »

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