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MVP speaks… or tweets

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Businessman Manuel V. Pangilinan took some time away from what we can only imagine is a busy schedule to keep it real with his Twitter followers Monday night. From 7 to 8 p.m., Pangilinan’s personal account @iamMVP answered queries from his more than 68,0000 followers from serious topics like business and sports (he’s keen on the NBA team Golden State Warriors) to more mundane matters like his favorite food (pork chop, apparently).

Posted: February 19th, 2014 in Headlines | Read More »

DBP income hit P5.3B in 2013

State-owned Development Bank of the Philippines (DBP) registered a net income of P5.28 billion last year, 27.85 percent higher than the P4.13 billion recorded in 2012, buoyed by significant increases in deposits, loans to borrowers and investments.

Posted: February 15th, 2014 in Headlines | Read More »

State lawyers oppose Ongpin foreign trips

Businessman Roberto Ongpin  INQUIRER FILE PHOTO

State prosecutors from the Office of the Ombudsman have asked the Sandiganbayan to deny for lack of merit the amended travel request of businessman Roberto Ongpin for a 14-nation swing around the world.

Posted: February 7th, 2014 in Latest Business Stories | Read More »

First Gen raises $250M from bond offer

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First Gen Corp. (First Gen) said Thursday it successfully closed its $250 million 10-year bond issue, which will support the company’s power ventures.

Posted: October 11th, 2013 in Headlines | Read More »

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 »

‘Investments made in good faith’; funds will be moved to DBP

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National Museum. INQUIRER FILE PHOTO

Everything was done in good faith. National Museum Chair Ramon del Rosario Jr. and Director Jeremy Barns said this in response to the Commission on Audit (COA) taking issue with the board of trustees’ handling of the museum’s P370-million endowment.

Posted: July 28th, 2013 in Latest Business Stories | Read More »

DENR, DBP pact to boost tree farming

Environment Secretary Ramon Paje: Promoting tree plantations.  AFP PHOTO/Jay DIRECTO

The Department of Environment and Natural Resources has teamed up with the Development Bank of the Philippines to boost the DENR’s National Greening Program through the DBP’s credit facility for tree farm owners.

Posted: June 24th, 2013 in Latest Business Stories | Read More »

‘Breaktime’: Laughing all the way to the prank

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Boss, we have a problem: The government-run Development Bank of the Philippines seems to be going out of kilter, appallingly lagging in profitability behind other banks, including another government bank, the Land Bank of the Philippines.

Posted: May 16th, 2013 in Columnists,Inquirer Columns | Read More »

Ongpin wants graft raps junked

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Businessman Roberto Ongpin  INQUIRER FILE PHOTO

Businessman Roberto Ongpin has asked the courts to dismiss the graft charges against him and 24 current and former officials of the Development Bank of the Philippines (DBP), reiterating that the loans he obtained from the state-owned bank had been fully paid and, as such, could not be considered behest.

Posted: May 4th, 2013 in Latest Business Stories | Read More »

14 ex-DBP execs seek dismissal of 2 graft raps

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dbp-logo

Fourteen former officials of the Development Bank of the Philippines, led by chairperson Patricia Sto. Tomas, have asked the Sandiganbayan to dismiss two graft charges filed against them by the Office of the Ombudsman in connection with the alleged “behest” loans granted in 2009 to Delta Ventures Resources Inc. (DVRI), a firm owned by businessman Roberto Ongpin.

Posted: March 21st, 2013 in Latest Business Stories | Read More »

Ongpin to BSP exec Espenilla: Who is persecuting whom?

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Businessman Roberto Ongpin  INQUIRER FILE PHOTO

“Who is persecuting whom?” Businessman Roberto V. Ongpin snapped back at Bangko Sentral ng Pilipinas Deputy Governor Nestor Espenilla Jr.

Posted: January 15th, 2013 in Latest Business Stories | Read More »

DBP execs, Inquirer chief cleared of libel

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dbp-logo

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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