5 contradictions in Corona's defense
Rappler - 2012-03-14
5 Foreign accounts, please After much debate regarding the legality of opening the Chief Justice's Philippine Savings Bank dollar accounts, the impeachment court decided to respect the temporary restraining order issued by the Supreme Court barring its ...

PSBank source of leak on accounts - Corona
Rappler - 2012-03-07
MANILA, Philippines - He lost his trust in Philippine Savings Bank (PSBank), so Chief Justice Renato Corona decided to close his accounts with them, Corona said in a TV interview Wednesday, March 7. He also blamed PSBank for the information leak about ...

Aboitiz scholarship program now accepting applicants
Philippine Daily Inquirer - 2012-03-06
ABOITIZ Equity Ventures (AEV) is opening its doors once again to qualified students who want to pursue college education this coming school year. The Aboitiz College Scholarship Program (ACSP) provides the students with financial assistance to help ...

Defense unhappy with bank records, new sked
Rappler - 2012-03-06
In a caucus on Tuesday, March 6, senator-judges junked a motion by the defense asking the impeachment court to disregard the bank records of Corona related to Philippine Savings Bank. In an earlier motion, the defense said the documents were obtained ...

PCGG opposes PNB, Allied Bank merger
Philippine Daily Inquirer - 2012-03-05
The Presidential Commission on Good Government (PCGG) has asked the Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC) to stop the merger between Philippine National Bank and Allied Banking Corp., which it claimed was part ...

PCGG opposes PNB, Allied Bank merger
Philippine Daily Inquirer - 2012-03-05
The Presidential Commission on Good Government (PCGG) has asked the Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC) to stop the merger between Philippine National Bank and Allied Banking Corp., which it claimed was part ...

Senate inclined to accept Corona's bank records
Rappler - 2012-03-05
On February 28, the defense asked the impeachment court to disregard evidence related to Corona's PSBank records. In a 33-page motion to "suppress illegally obtained evidence," defense lawyers said: "Chief Justice Renato C. Corona respectfully prays that ...

MVP still keen to buy stake in Rappler
Rappler - 2012-03-01
TV5 trails behind GMA-7 and Lopez-led ABS-CBN Corp. All 3 have online news sites. Rappler is social news network where stories inspire community engagement and digitally fuelled actions for social change.

Abacus scales back investment in Indonesian budget carrier
interaksyon.com - 2012-02-28
MANILA, Philippines - Abacus Consolidated Resources and Holdings Inc. is scaling back its investment in an Indonesian low-cost carrier (LCC). The holding company told the local bourse that it assigned to unit Pride Aeropark Inc its initial $1 million ...

Beijing challenges inclusion of 2 areas in Manila's oil exploration program
interaksyon.com - 2012-02-27
The PECR has drawn interest from 25 companies, which submitted pre-qualification documents. These include PetroEnergy Resources Corp., Nido Petroluem, PNOC Exploration Corp., MinEnergy, Shell Philippines Exploration B.V., Pitkin Petroleum, Dilmoro Energy ...

AgriNurture owner consolidates hold on Greenergy
interaksyon.com - 2012-02-24
MANILA, Philippines -- Greenergy Holdings Inc. plans to double its authorized capital stock as its board cleared a P250-million investment by Earthright Holdings Inc. Greenergy told the local bourse that it will hike its authorized capital stock from P1 ...

AgriNurture owner consolidates hold on Greenergy
interaksyon.com - 2012-02-24
MANILA, Philippines -- Greenergy Holdings Inc. plans to double its authorized capital stock as its board cleared a P250-million investment by Earthright Holdings Inc. Greenergy told the local bourse that it will hike its authorized capital stock from P1 ...

AgriNurture owner consolidates hold on Greenergy
interaksyon.com - 2012-02-24
MANILA, Philippines -- Greenergy Holdings Inc. plans to double its authorized capital stock as its board cleared a P250-million investment by Earthright Holdings Inc. Greenergy told the local bourse that it will hike its authorized capital stock from P1 ...

Pangilinan: I don't own Rappler
Rappler - 2012-02-24
TV5 trails behind GMA-7 and Lopez-led ABS-CBN Corp. All 3 have online news sites. Rappler is social news network where stories inspire community engagement and digitally fuelled actions for social change.

Is the Corona trial dividing Ateneo?
Rappler - 2012-02-24
The Supreme Court has issued a temporary restraining order (TRO) stopping the Philippine Savings Bank from releasing records of Corona's alleged dollar accounts which the impeachment court subpoenaed. But Lopez insists "the process will no longer be ...

Ateneo groups urge Corona to open dollar accounts
Rappler - 2012-02-23
The Supreme Court has issued a temporary restraining order (TRO) stopping the Philippine Savings Bank from releasing records of Corona's alleged dollar accounts which the impeachment court subpoenaed. But LHS seminarian Mark Lopez, one of the protesters ...

Pepsi Philippines names Meralco COO as new chair
Rappler - 2012-02-21
MANILA, Philippines - The board of Pepsi-Cola Products Philippines Inc. has elected Oscar S. Reyes as its new chairman following organizational changes. Reyes, who is currently a member of Pepsi's board, takes over one of the roles of Hwang Chung who was ...

2 groups offer to acquire LMG Chemicals
Philstar - 2012-02-20
MANILA, Philippines - Chemical Industries of the Philippines is in talks with two groups (one is a consumer-related firm while the other an oil and gas exploration player) to purchase the entire or majority of its shareholdings in subsidiary LMG ...

LMG deal still up in the air
Inquirer - 2012-02-19
LMG Chemicals Corp. has entered into negotiations with two prospective investors interested in a backdoor listing on the stock market. But while due diligence of potential buyers are ongoing, the squabble among LMG shareholders is intensifying. In an ...

Family feud at the heart of Basa-Guidote money
interaksyon.com - 2012-02-18
Withdrawing cash from the banks With a new management and corporate address, Basa-Guidote Enterprises, represented by Mario Basa, wrote the city treasurer of Manila, Far East Bank & Trust Co., Solidbank Corp. in Manila, and Philtrust Bank also in Manila ...

Ex-lawyer of Mike A, businessmen face tax evasion raps
Philstar - 2012-02-17
Also charged were Conrado Marty of Crown Equities Inc., Ramon Diokno of Lepanto Consolidated Mining, Tomas de Leon of Land Bank of the Philippines, Felix Amparo, Larry Boyer, Federico Borromeo Jr., Juan Carlos Jr., and former Philippine Deposit Insurance ...

Asia United Bank to take over banking operations of Asiatrust
Inquirer - 2012-02-16
MANILA, Philippines--Medium-sized Asia United Bank of the Rebisco group has inked a deal to take over the banking operations of niche thrift banking player Asiatrust Development Bank after two years of negotiations. Under the transaction, which is ...

Aquino notes discrepancies in Corona's SALN, calls for greater people role in trial
interaksyon.com - 2012-02-16
Using graphics that showed the discrepancies between Corona's assets and his bank accounts in the Bank of the Philippine Islands and the Philippine Savings Bank, he proceeded to discuss Corona's statement of assets, liabilities, and net worth and make ...

PSBank president declines Metrobank top post
Rappler - 2012-02-16
MANILA, Philippines - Philippine Savings Bank (PSBank) Pascual Garcia said he would decline an offer to assume the top post at one of the country's largest commercial banks. Garcia, who has been reported to be on the shortlist to replace the current ...

Fake? The plot thickens
Rappler - 2012-02-16
The team was expecting to put the issue to rest on Thursday, February 16, because of the order by the impeachment court for the Philippine Savings Bank (PSBank) to produce the original bank records of Chief Justice Renato Corona so that these could be ...

Defense: Cash under Corona's name not all his
Rappler - 2012-02-16
The 3 bank accounts in question are all from Philippine Savings Bank (PSBank). Fake text message In a supposed text message to a "media personality," Cristina Corona confirmed that the cash in the 3 accounts was not her husband's, but BGEI's. The money was ...

Corona had 7 time deposits
Rappler - 2012-02-16
MANILA, Philippines - Chief Justice Renato Corona had at least 7 time deposits from 2007 to 2010, with one account totaling P17-M and another P12-M, officials of the Philippine Savings Bank (PSBank) testified on Thursday, February 16. He withdrew these ...

Corona closed 3 accounts on the day he was impeached
Rappler - 2012-02-16
MANILA, Philippines - Chief Justice Renato Corona closed 3 of his peso accounts with the Philippines Savings Bank (PSBank) on the same day he was impeached by the House of Representatives, bank officials told the impeachment court on Thursday, February 16.

That luxury-condominium lifestyle
Inquirer Lifestyle - 2012-02-15
The average buyers of Shang Properties are in their 50s, mostly Filipinos with businesses, and 20 percent foreign clientele. After the St. Francis twin-tower, Shang Properties is putting up One Shangri-La, twin tower of 1,300 units on top of the Shangri-La ...

Show Corona's original bank records
Rappler - 2012-02-15
Two PSBank officials who returned to the witness stand on Wednesday - PSBank president Pascual Garcia III and Annabelle Tiongson, manager of PSBank-Katipunan branch - insisted to the court that what the prosecution attached in its request to subpoena the ...

Shamcey Supsup contract with Empire East as the new celebrity endorser
philstar.com - 2012-02-14
Ms. Universe finalist Shamcey Supsup signed a contract with property developer Empire East Land Holdings, Inc. as its newest celebrity endorser on Tuesday, February 7, 2012 at the Manhattan Garden City Showroom in AliMall. Also present in the event were ...

RFM profits hit P503.8 million in 2011
Philstar - 2012-02-14
Unaudited profits of food and beverage firm RFM Corporation soared to P503.8 million in 2011, way beyond market analysts' yearend estimate of P420-P430 million, a statement released Tuesday in the Philippine Stock Exchange noted. Lower prices of input ...

Prosecution doubts PSBank's 'fake' claim
Rappler - 2012-02-14
MANILA, Philippines - The prosecution panel doubts the testimony of PSBank Katipunan branch manager Anabelle Tiongson that the photocopies of the bank documents they submitted to the Senate impeachment court are "fake" or "forged." "The Honorable ...

What the TRO meant: keep status quo
Rappler - 2012-02-14
The SC, on February 9, voted 8-5 to grant the temporary restraining order sought by PSbank, which was subpoenaed by the impeachment court to provide information on the dollar accounts belonging to Chief Justice Renato Corona. The SC said that the Foreign ...

How to start a lying-in clinic
entrepreneur.com.ph - 2012-02-14
This resident doctor may be a general physician, but you need to have an OB-gynecologist and pediatrician on call. You must also have a tie-up with a nearby hospital for those instances when a patient might need additional and more specialized treatment.

Defense asks Senate: Defer examination of Corona's PSBank account
interaksyon.com - 2012-02-13
MANILA, Philippines -- Chief Justice Renato Corona through his defense counsel asked the impeachment court to defer the examination of his bank account in Philippine Savings Bank (PSBank) due to issuance of a temporary restraining order (TRO) from the ...

Shipping, logistics firms find home at SM Land's E-com business hub
Philstar - 2012-02-13
The recently completed second building, TwoE-comCenter, hosts the offices of Anscor Swire Ship Management, CMA CGM, OOCL Philippines, Klaveness and Ben Line Agencies. "These companies traditionally located in the old port area of Manila have had to ...

COCKTALES: It was Cory who OK'd dollar secrecy law
interaksyon.com - 2012-02-13
According to the grapevine, the PSE and SEC have been furnished copies of an internal communication from the listed LMG Chemicals Corp. about an end-2011 market transaction that triggered a wave of speculative buying for the stock of the moribund company.

COCKTALES: It was Cory who OK'd dollar secrecy law
interaksyon.com - 2012-02-13
According to the grapevine, the PSE and SEC have been furnished copies of an internal communication from the listed LMG Chemicals Corp. about an end-2011 market transaction that triggered a wave of speculative buying for the stock of the moribund company.

Day 16: 'Fake-ful reproduction' of bank records, no short lady and a tall tale
interaksyon.com - 2012-02-13
In the course of her testimony, Tiongson also revealed that Chief Justice Renato Corona's peso accounts with the Philippine Savings Bank are all peso time deposit accounts. The start of Day 16 was a setback for the defense. Senator Antonio Trillanes IV ...

Corona's peso bank accounts with PSBank all time deposit accounts
interaksyon.com - 2012-02-13
MANILA, Philippines -- Chief Justice Renato Corona's peso accounts with the Philippine Savings Bank are all peso time deposit accounts, branch manager Anabelle Tiongson disclosed Monday. Based on documents submitted to the impeachment court today and in ...

Senate won't defy SC TRO on Corona's dollar deposits
interaksyon.com - 2012-02-13
The Supreme Court last week issued the TRO on the petition of Philippine Savings Bank (PSBank) after the Senate subpoenaed the peso and dollar accounts of the chief justice in connection with his impeachment trial. Those who voted to obey the TRO were ...

Defense to Senate: Sorry to offend you
Rappler - 2012-02-13
Defense spokesperson Tranquil Salvador III said the 13-10 vote was a victory for the Philippine Savings Bank, whose request for the TRO was granted by the Supreme Court. "We just incidentally benefit from this decision, if at all. This victory is for the ...

3 Students to Receive BPI-DOST Science Award
su.edu.ph - 2012-02-10
Three graduating students are among the recipients of the Bank of the Philippine Islands-Department of Science and Technology (BPI-DOST) Science Award 2012. Jayson Jun B. Patula (Mechanical Engineering), Kia Angela Gargantiel (Biology) and L. Athena Gene E.

Senate should heed SC - Escudero
Rappler - 2012-02-10
Francis Escudero when asked about how the senators should react to the Supreme Court's TRO (temporary restraining order) on the subpoena covering the dollar accounts of Chief Justice Renato Corona in the Philippine Savings Bank (PSBank). The senator-judges ...

Corona, PSBank run to Supreme Court for permanent TRO
Philippine Daily Inquirer - 2012-02-09
In an unprecedented move, Chief Justice Renato Corona on Wednesday asked his own colleagues in the Supreme Court to temporarily stop the impeachment proceedings against him and the presentation of evidence pertaining to his bank deposits. One of his banks ...

Power outages hit Metro as 2 natural gas plants trip
Philippine Daily Inquirer - 2012-02-09
Rita and 500-MW San Lorenzo natural gas power plants of the Lopez-led First Gen Corp. tripped. Cynthia Alabanza, spokesperson for transmission operator National Grid Corp. of the Philippines, explained in a phone interview that the facilities went off grid ...

Power outages hit Metro as 2 natural gas plants trip
Philippine Daily Inquirer - 2012-02-09
Rita and 500-MW San Lorenzo natural gas power plants of the Lopez-led First Gen Corp. tripped. Cynthia Alabanza, spokesperson for transmission operator National Grid Corp. of the Philippines, explained in a phone interview that the facilities went off grid ...

Corona has P24.6M in PSBank
Philippine Daily Inquirer - 2012-02-09
Chief Justice Renato Corona kept at least P24.6 million in five peso accounts with Philippine Savings Bank (PSBank) between 2007 and 2010, the Senate impeachment court found out Wednesday in proceedings that lasted five hours, the longest that it conducted ...

Corona has P24.6M in PSBank
Philippine Daily Inquirer - 2012-02-09
Chief Justice Renato Corona kept at least P24.6 million in five peso accounts with Philippine Savings Bank (PSBank) between 2007 and 2010, the Senate impeachment court found out Wednesday in proceedings that lasted five hours, the longest that it conducted ...