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Biz Buzz: BCDA’s legal battle

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The long-running battle between the Bases Conversion and Development Authority (BCDA) and CJH Development Corp. led by businessman Robert John Sobrepeña rages on and, from the looks of it, is nowhere near its end.

Posted: October 22nd, 2014 in Columnists,Inquirer Columns | Read More »

Shuttered rural bank’s executive ordered arrested

By
SCREENGRAB from www.pdic.gov.ph

The arrest of a former Cavite bank executive—charged with the misuse of three quarters of a billion pesos of clients’ deposits—has finally been ordered by a local court more than two years after regulators filed their complaint.

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

Suit versus Omico officials dismissed

A Manila court has dismissed a complaint for obstruction of justice filed against two top officers of publicly listed mining and real estate development firm Omico Corp. in relation to an aborted property project.

Posted: September 18th, 2014 in Headlines | 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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