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House itching to grill casino mogul Okada

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Kazuo Okada AP FILE PHOTO

The House committee on games and amusement will compel Japanese gaming magnate Kazuo Okada to attend its hearings to personally explain allegations he used dummy corporations to meet his casino license requirements.

Posted: May 12th, 2014 in Latest Business Stories | Read More »

Delfin Lee fears probe will turn into political witch-hunt

By
Chairman & President of Globe Asiatique Realty Holding Corporation. INQUIRER FILE PHOTO

Businessman Delfin Lee is worried that the Senate inquiry into the P6.6-billion property scam allegedly perpetrated by his Globe Asiatique (GA) development company in Pampanga was turning into a “political witch-hunt.”

Posted: April 12th, 2014 in Latest Business Stories | Read More »

Lawmaker wants Meralco franchise reviewed amid power rate hike bid

By
Akbayan party-list representative Walden Bello. INQUIRER FILE PHOTO

A partylist lawmaker is seeking a review of Manila Electric Co.’s (Meralco) congressional franchise for failing to protect the interest of its consumers from unjust power rate increases.

Posted: February 16th, 2014 in Latest Business Stories | Read More »

Probe sought of Home Guaranty Corp. losses

By
Abakada Rep. Jonathan de la Cruz. CONTRIBUTED PHOTO/www.congress.gov.ph

A party-list representative is seeking a House probe into the alleged gross mismanagement of the state-owned Home Guaranty Corp. (HGC), which has incurred P13.3 billion in losses in the past decade.

Posted: February 2nd, 2014 in Latest Business Stories | Read More »

House probe sought on HGC bankruptcy due to zero-coupon bonds

By
FIILE PHOTO

The House of Representatives is being urged to look into the gross mismanagement of the Home Guaranty Corp. (HGC), which buried the state firm in P13.296 billion in losses over a decade bridging the Arroyo and Aquino administrations.

Posted: January 29th, 2014 in Latest Business Stories | Read More »

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