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Court orders arrest of 13 ex-DBP execs

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Former Labor Secretary Patricia Sto. Tomas, newspaper columnist Alexander Magno and 11 other former officers of the state-owned Development Bank of the Philippines (DBP) were ordered arrested on Thursday by the Sandiganbayan for complicity in granting P660 million in loans to a firm owned by businessman Roberto V. Ongpin in 2009.

Posted: August 2nd, 2013 in Headlines | Read More »

DBP execs, Inquirer chief cleared of libel

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Saying that the statements were true and the commentary fair, a Makati prosecutor dismissed a libel suit filed by a lawyer against four Development Bank of the Philippines (DBP) officials and the Inquirer editor in chief.

Posted: December 29th, 2012 in Latest Business Stories | Read More »

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