Philam intramurals
By the staffThere seems to be little rest for Philam Life president and CEO Rex Mendoza, who is in the middle of efforts to revitalize what was once the country’s biggest insurance firm.
There seems to be little rest for Philam Life president and CEO Rex Mendoza, who is in the middle of efforts to revitalize what was once the country’s biggest insurance firm.
“Who is persecuting whom?” Businessman Roberto V. Ongpin snapped back at Bangko Sentral ng Pilipinas Deputy Governor Nestor Espenilla Jr.
Former Trade Minister Roberto V. Ongpin sold his stake in Philippine Bank of Communications, citing the need to make a “financial sacrifice” and spare the bank from any backlash that could arise from his legal battle with a ranking central bank official.
Businessman Roberto V. Ongpin is at loggerheads with the Bangko Sentral ng Pilipinas over the latter’s decision to defer action on his appointment as director and co-chairman of Philippine Bank of Communications—a move the former Marcos trade minister said was made by the latter despite the absence of a formal complaint against him.
A private complainant with a history of litigation against the Land Bank of the Philippines on Monday filed a complaint against the government bank, along with businessman Roberto V. Ongpin, over its 2008 sale of shares in Manila Electric Co.
Businessman Roberto V. Ongpin has asked the Court of Appeals to stop the Pasig City Regional Trial Court from proceeding with the hearing on a complaint that asks him to return the amount of some P412 million to Philex Mining Corp., which he got as profit after selling Philex shares a month after he bought them at a lesser price.
Acting on a complaint filed by former Trade Minister Roberto V. Ongpin (RVO), Makati’s Office of the Prosecutor has indicted for perjury an official of Development Bank of the Philippines who last year published advertisements certifying that private lawyer Zenaida Ongkiko-Acorda had been designated spokesperson of the bank.
While Petron Corp.’s acquisition of a 65-percent stake in Esso Malaysia Berhad was met with admiration (and, let’s admit it, a lot of envy) locally, a small group of people in Malaysia are apparently not too happy about it.
Apparently still in hot pursuit of businessman Roberto V. Ongpin over his Philex deal with DBP, two powerful committees in the Senate are setting up a dragnet.
Businessman Roberto V. Ongpin has vowed to bring in more foreign investments into the country despite an apparent crackdown on his loan contract with the state-owned Development Bank of the Philippines.
MANILA, Philippines—Government lawyers have asked the Office of Ombudsman to preventively suspend top officials of the Development Bank of the Philippines who are facing criminal complaints in connection with the alleged behest loans extended to businessman and former trade minister Roberto Ongpin. The Office of the Solicitor General, representing the DBP, filed the motion seeking [...]
The government may pursue another legal action against businessman Roberto V. Ongpin in a bid to have him forfeit the profit his company made from the alleged irregular P660 million loan extended to him by the previous board of the Development Bank of the Philippines (DBP), Solicitor General Jose Anselmo Cadiz said on Sunday. According [...]
