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SC orders BMW dealer to refund buyer

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The Supreme Court  building PHOTO BY NIÑO JESUS ORBETA

The Supreme Court has affirmed and declared final a 2006 decision by the Department of Trade and Industry (DTI) that found a car dealer liable for the defects of a “brand-new” BMW that a business executive had bought for about P3.4 million in 2003.

Posted: October 24th, 2014 in Latest Business Stories | Read More »

Inhibition of Sereno in mining case sought

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Chief Justice Ma. Lourdes Sereno: Inhibition sought. INQUIRER FILE PHOTO

A Filipino-owned mining company has sought the inhibition of Chief Justice Ma. Lourdes Sereno from participating in a case pending before the Supreme Court seeking the reversal of a Court of Appeals decision that stopped three mining firms from operating in the country for allegedly violating the constitutional provision limiting foreign ownership in mining companies to 40 percent.

Posted: October 3rd, 2014 in Latest Business Stories | Read More »

Customs files smuggle raps vs plywood trader, broker

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Bureau of Customs. INQUIRER FILE PHOTO

The Bureau of Customs (BOC) on Thursday filed smuggling charges against the owner of a Bulacan-based trading firm and her broker for alleged unlawful importation of plywood from China worth P30 million.

Posted: September 19th, 2014 in Latest Business Stories | Read More »

Court clears Sobrepeña in P1B fraud

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Camp John Hay Development Corp. (CJHDevCo) chairman and CEO Robert John L. Sobrepeña. INQUIRER FILE PHOTO

A court in Pasay City dismissed a P1.15-billion estafa charge filed in June by the government against businessman Robert John Sobrepeña for allegedly concealing money that should have been used to pay his debts when he was allowed to defer rent for Camp John Hay here in 2000.

Posted: September 9th, 2014 in Latest Business Stories | Read More »

Firms’ bid to stop purchase of new train cars nixed

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MRT

The Court of Appeals has denied a petition filed by the operator of the Metro Rail Transit Line 3 (MRT-3) seeking to stop the Department of Transportation and Communications (DOTC) from buying new train cars from a Chinese firm.

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

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