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Philweb 2013 income down

Philweb Corp., an online gaming company led by former trade minister Roberto Ongpin, saw a steep decline in profit in 2013, partly as it recorded losses from the sale of its 23.3-percent stake in ISM Communications, which controls Philippine Bank of Communications.

Posted: April 16th, 2014 in Editor's Pick,Headlines | Read More »

Biz Buzz

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It’s not just Ashmore that businessman Roberto Ongpin has to worry about.

Posted: February 16th, 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 »

Ex-DBP exec’s travel bid opposed

ombudsman

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.

Posted: November 14th, 2013 in Latest Business Stories | Read More »

Ongpin, coaccused seek junking of raps

Businessman Roberto Ongpin  INQUIRER FILE PHOTO

The accused in the two graft cases connected to the alleged P660-million behest loan granted to Deltaventures Resources Inc. (DVRI), a company beneficially owned by businessman Roberto Ongpin, on Monday asked the Sandiganbayan to immediately resolve their motion to dismiss the cases filed against them by the Ombudsman ahead of their scheduled arraignment on Nov. 14.

Posted: October 22nd, 2013 in Latest Business Stories | Read More »

Biz Buzz: Century under-listing

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It has recently come to the attention of the Philippine Stock Exchange that property developer Century Properties Group is enjoying the perks of a publicly listed corporation when only 3.55 billion, or only 37 percent, of its 9.68 billion in outstanding common shares are actually listed.

Posted: September 9th, 2013 in Headlines | Read More »

Another life claimed

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Another promising career has been destroyed—and a young life tragically ended—in the process of government authorities’ dogged pursuit of the case against former officials of Development Bank of the Philippines for an allegedly behest P660-million loan to businessman Roberto Ongpin in 2009.

Posted: August 6th, 2013 in Headlines | Read More »

Ongpin, Ashmore group part ways

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Businessman Roberto Ongpin  INQUIRER FILE PHOTO

The multibillion-peso partnership between businessman Roberto Ongpin and the Ashmore Group is set to end “very soon,” with the former Marcos trade minister ready to bring in a new investor who will buy out the UK-based fund from his flagship property firm.

Posted: July 15th, 2013 in Editor's Pick,Headlines | Read More »

Biz Buzz

All is not well between the House of Ongpin and its soon-to-be former “best friend forever” Ashmore Investment Management, apparently.

Posted: July 14th, 2013 in Headlines | Read More »

Ongpin lawyers buck move to inhibit Sandigan justices

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Businessman Roberto Ongpin  INQUIRER FILE PHOTO

The lawyers of Roberto Ongpin on Friday objected to the request of the Office of the Ombudsman to have two Sandiganbayan judges inhibit themselves from hearing the graft case against the businessman, saying prosecutors only made the accusation of bias against the judges after the government suffered a legal setback.

Posted: May 11th, 2013 in Latest Business Stories | Read More »

CA lifts freeze order on Ongpin bank accounts

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Businessman Roberto Ongpin  INQUIRER FILE PHOTO

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.

Posted: May 8th, 2013 in Latest Business Stories | 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 »

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