By Conrado Banal
The court just dismissed the petition of two Singaporean nationals to issue a TRO against the investments of a local company in the publicly listed tuna-canning company called Alliance Select Foods, codenamed “FOOD” in the stock exchange.
By Doris C. Dumlao
The squabble between the Filipino and Singaporean shareholders of Alliance Select Foods International Inc. has would up in court, with the controlling local group accused of mismanagement, self-dealing and siphoning off company funds.
Businessman Roberto V. Ongpin said the dismissal of the graft charges filed by the Ombudsman against him was a “clear vindication” to himself as he referred to his efforts to bring in investments to the country “despite the continuing persecution by the current administration.”
By Francis Lim
Social networking has become part of our daily life with 93 percent of Filipino Internet users having their own Facebook account.
The Makati Regional Trial Court has cleared the legal hurdle to Chemical Industries of the Philippines Inc.’s (CIP) sale of a 66 percent stake in subsidiary LMG Chemicals Corp. by quashing the petition of a dissenting shareholder bloc.