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Group questions Ongpin-Ashmore deal

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SCREENGRAB from www.alphaland.com.ph

The estranged partner of Alphaland Corp. in the Alphaland Bay City (ABC) project has questioned the inclusion of the former’s stake in this venture as part of a settlement deal between the property development group led by businessman Roberto V. Ongpin and British fund Ashmore.

Posted: June 27th, 2014 in Headlines,Latest Business Stories | Read More »

Recto quits Alphaland

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Following the partition of Alphaland Corp.’s assets as a settlement of a dispute between businessman Roberto V. Ongpin (RVO) and British fund Ashmore, RVO’s nephew Eric Recto—who is now the new local partner of Ashmore in its property and banking interests in the Philippines—has expectedly quit as board member of Alphaland.

Posted: June 25th, 2014 in Columnists,Featured Columns,Inquirer Columns | Read More »

Russian oligarch faces $4.5 billion Swiss divorce

A Sunday, Jan. 26 , 2014 from files showing President of AS Monaco Dmitry Rybolovlev, left, and Prince Albert II Of Monaco, as they attend the French League One soccer match Monaco vs Marseille, in Monaco stadium. A Swiss court has ordered Russian billionaire Dmitry Rybolovlev to pay $4.5 billion to his ex-wife, in what could end up being the biggest divorce settlement in history. In papers delivered to the parties Monday, May 19, 2014, the Geneva Tribunal of First Instance said the 47-year-old Rybolovlev, a co-owner of the French soccer club AS Monaco, must pay 4,020,555,987.80 Swiss francs ($4,509,375,184.80) to ex-wife Elena Rybolovleva, also 47, of Geneva. The judgment shows that his wife also won two pieces of real estate in the ultra-wealthy area of Geneva known as Cologny, where the couple once lived together, and confirmed her custody of their 13-year-old daughter Anna. They also have an older daughter, Ekaterina, after meeting as university students in Perm, Russia, and marrying there in 1987. The divorce case began in 2008, when Forbes estimated his worth at $12.8 billion. AP

A Swiss court has ordered a Russian billionaire to pay more than $4.5 billion to his ex-wife in what could become the biggest divorce settlement in history.

Posted: May 20th, 2014 in Latest Business Stories | Read More »

Fraport seen keen on negotiating with PH over Naia 3 row

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The government is considering entering into negotiations with German airport operator Fraport AG that could lead to the settlement of a decade-long issue—now with an international court—over the latter’s investment in the Ninoy Aquino International Airport Terminal 3.

Posted: October 17th, 2013 in Headlines | Read More »

Settlement reached in Toyota acceleration cases

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In this Aug. 2, 2011 file photo, the Toyota Motor Corp. logo is seen on a tire wheel of an Avensis sedan at Toyota's Tokyo headquarters. Japanese automaker Toyota said Thursday, August 2, 2012,  it was recalling 600,000 vehicles in Europe to check for loose nuts in the rear wheel area, following a similar recall in the United States.  AP PHOTO/SHIZUO KAMBAYASHI

Toyota Motor Corp. says it has reached a settlement worth more than $1 billion in a case involving unintended acceleration problems in its vehicles.

Posted: December 27th, 2012 in Latest Business Stories | Read More »

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