State prosecutors opposed the travel request of a former official of the state-owned Development Bank of the Philippines (DBP) who has been charged with graft in connection with the grant of the allegedly P660-million behest loans to businessman Roberto Ongpin’s company in 2009.
The Department of Trade and Industry has tapped BancNet and the state-owned Development Bank of the Philippines (DBP) as online payment or e-payment partners for its Enhanced Business Name Registration System, which aims to speed up delivery of the service and make it more convenient.
By the staff
A deal between the business group of tycoon John Gokongwei Jr. and Japanese businessman Kazuo Okada is imminent and a preliminary deal may be signed “in a few days,” a reliable source tells Biz Buzz.
By Michelle V. Remo
Development Bank of the Philippines hopes to raise P5 billion from the sale of Tier-2 notes to expand its capital base and support its lending activities.
By Marlon Ramos
The lawyer of businessman Roberto Ongpin on Monday welcomed the decision of the Office of the Ombudsman to look into the alleged behest loan of P660 million that the former board of the Development Bank of the Philippines (DBP) had extended to Ongpin’s company.
By Daxim L. Lucas
The loans extended by Development Bank of the Philippines (DBP) to a company of Roberto V. Ongpin were secured by collateral worth over twice the value of the transaction, the businessman said on Monday. In a statement, the former Marcos trade minister also pointed out that the borrowing firm in question—Deltaventure Resources Inc. (DVRI)—had, in [...]