Billionaire Okada resigns from Wynn board
Wynn Resorts Ltd. says Kazuo Okada has resigned from its board, potentially ending a long-running dispute between CEO Steve Wynn and the Japanese billionaire.
Wynn Resorts Ltd. says Kazuo Okada has resigned from its board, potentially ending a long-running dispute between CEO Steve Wynn and the Japanese billionaire.
The lawyer of Deputy Governor Nestor Espenilla Jr. of the Bangko Sentral ng Pilipinas has accused businessman Roberto Ongpin of resorting to persecution.
Ombudsman Conchita Carpio Morales dismissed from service 13 officials from the Development Bank of the Philippines (DBP) for granting P660 million in behest loans to Deltaventures Resources, Inc. (DVRI) in 2009.
The Office of the Ombudsman has been asked to determine whether any laws were violated in the conversion of the government’s 24 percent stake in San Miguel Corp. (SMC) into preferred shares, resulting in a possible revenue loss of P16 billion.
The state-run Philippine National Oil Co.-Exploration Corp. (PNOC-EC) registered losses of more than P122.4 million in an allegedly anomalous importation of almost 70,000 metric tons of Indonesian coal in 2009, according to an internal audit conducted by the energy firm.
By 2014, business groups and individual companies under the Integrity Initiative led by the Makati Business Club and the European Chamber of Commerce of the Philippines (ECCP) may do business only with firms that follow the same unified code of conduct.
Sooner or later, according to our steel manufacturers, their baby industry will die, and it will be a painful death in the hands of the Chinese government.
American companies in the country are keen on expanding in the Philippines but still view corruption as a major concern, a recent survey showed.
And now, ladies and gentlemen, the award for the most horrible demolition job ever done by government employees against their own boss: It goes to none other than MWSS.
After an aggressive information campaign to announce its new recruitment drive, Philippine Airlines human resources officials were swamped last weekend by applicants who wanted to join the ranks of the flag carrier’s cabin crew team.
A financing company recently went under, but its principals have, so far, managed to keep the whole thing hush hush.
A former chairman of the Development Bank of the Philippines was acquitted of graft for giving a P188 million loan guarantee to the Sta. Ines Mining and Steel Corp., which was allegedly not backed by sufficient collateral.
