The Court of Appeals has lifted the five month-long freeze order on the bank accounts of businessman Roberto Ongpin and several of his co-accused in the allegedly behest loans extended to him by the Development Bank of the Philippines.
The president of a stock brokerage house was fined P2.1 million by a Makati regional trial court after he was found guilty of defrauding his clients in violation of the Securities Regulation Code (SRC), the first conviction secured by the government almost 13 years after the law was enacted.
The Court of Appeals has dismissed the writ of kalikasan case slapped against the planned 600-megawatt coal-fired power plant of Redondo Peninsula Energy Inc. (RP Energy), effectively allowing the power firm to finally push through with the $1.28-billion project.
The Supreme Court will hold oral arguments on the petition challenging the Philippine Mining Act of 1995 when it goes to its annual summer session in Baguio City on April 16.
Lottery equipment and service provider Pacific Online Systems Corp. has asked the Supreme Court to junk a lower court order restraining the state-owned Philippine Charity Sweepstakes Office from installing and operating any of the former’s online lottery terminals in Luzon.
The Regional Trial Court of Batangas City has ordered the liquidation of Steel Corporation of the Philippines (SCP) on grounds that rehabilitation is no longer a feasible option.
As we said earlier, what’s happening at the Securities and Exchange Commission is linked to the fortunes of the state-owned Development Bank of the Philippines, the state-owned bank that David Balangue is reported to be keen on joining in lieu of the corporate watchdog. DBP president Francisco Del Rosario Jr., after all, is set to leave by September 30, saying he’s getting older, wants to slow down and needs to avoid stress that may lead to “spondylolysis” (some defect of the vertebra).
The unprecedented removal of Chief Justice Renato Corona has generated so much interest in the search for the next Chief Justice. There were 63 potential candidates to the position. The number was finally trimmed down to 20, all of whom were subjected to public interview by the Judicial and Bar Council (JBC).
The Court of Appeals has junked for lack of merit the petition of three bus companies seeking to nullify the order of the Land Transportation Franchising and Regulatory Board (LTFRB), which allowed the sale of the franchise of the defunct Pantranco North Express Inc. to rival bus firms.
The Court of Tax Appeals has ordered the Bureau of Internal Revenue (BIR) to refund or issue a tax credit certificate worth P15.29 million in favor of Semirara Mining.
The Court of Appeals (CA) has ordered the country’s telecommunications firms to ditch their per-minute charging scheme for voice calls and start charging their subscribers on six-second “pulses,” giving users more value for their money.
The Dipolog Regional Trial Court (RTC) has set a “judicial trend” in ruling against a ban on open-pit mining and this might eventually help resolve the constitutionality issue on other ordinances banning open pit mining, such as the one in South Cotabato, former presidential adviser on Mindanao affairs Jess Dureza said in a statement.
