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Former stockbroker convicted for violations of securities law

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A former stockbroker who had defrauded clients was convicted for seven violations of securities laws, the first criminal conviction under the Securities Regulation Code.

Posted: March 21st, 2013 in Headlines | Read More »

Mine spill fine too low? Don’t look at us–Philex

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A miner monitors quarrying operations at Philex Mining’s old open pit mine in Benguet. The P1-billion penalty paid by Philex Mining for the tailings spill that occurred at its Padcal mine site in August 2012 may have been “low,” according to Sen. Sergio Osmeña III. INQUIRER FILE PHOTO

The P1-billion penalty paid by Philex Mining Corp. for the tailings spill that occurred at its Padcal mine site in August 2012 may have been “low,” according to Sen. Sergio Osmeña III.

Posted: March 20th, 2013 in Latest Business Stories | Read More »

Citinickel fined for pond spill in Palawan

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A Citinickel mine operation in Palawan  PHOTO FROM FACEBOOK.COM

The operations of a mining unit of publicly listed Oriental Peninsula Resources Group Inc. in southern Palawan are under review after the reported outflow of silt from its mine site to the province’s Pinagduguan River and nearby farmlands.

Posted: January 20th, 2013 in Latest Business Stories | Read More »

Philex vows to work with gov’t on Padcal

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A miner monitors quarrying operations at Philex Mining’s old open pit mine in Benguet. The P1-billion penalty paid by Philex Mining for the tailings spill that occurred at its Padcal mine site in August 2012 may have been “low,” according to Sen. Sergio Osmeña III. INQUIRER FILE PHOTO

Gold and copper producer Philex Mining Corp. promised to cooperate with the Mines and Geosciences Bureau of the Department of Environment and Natural Resources, which ordered the company to pay the P1.03-billion fine for tailings leak at its mining site in Benguet.

Posted: January 18th, 2013 in Latest Business Stories | Read More »

American Express fined for bilking card users

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Credit card giant American Express was fined $27.5 million by US regulators and ordered to refund $85 million to consumers Monday for deceiving and overcharging card users.

Posted: October 2nd, 2012 in Latest Business Stories | Read More »

BMW to pay $3M fine for US recall issues

German carmaker BMW has agreed to pay $3 million in civil penalties for failing to report safety defects soon enough, US safety regulators said Friday.

Posted: February 11th, 2012 in Latest Business Stories | Read More »

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