Commission on Elections (Comelec) Chairman George Erwin Garcia confirmed on Wednesday, April 24 that United States (US) authorities have filed a money laundering case against former poll chief Andy Bautista. "I would like to respectfully confirm that based on our communication with attorneys...
The Philippine Stock Exchange (PSE) has approved the planned P10 billion stock rights offering of Aboitiz-led Union Bank of the Philippines which is slated to kick off in May this year. In a disclosure to the PSE, the bank said it is offering about 296.47 million depending on the final offering...
Lawyers' pleadings like motions that border on "incivility and intemperate ascriptions" are not allowed before a court of justice. In a resolution, the Sandiganbayan said most pleadings rely on "grace and fluidity of language" to "enthrall and enlighten" a court. With its declarations, the...
BAUTISTA, Pangasinan – The body of a woman suspected to be a “salvage” or summary execution victim was discovered by a resident in Barangay Cabuaan here on April 16. Police said the victim had bullet wounds and blond hair, fair complexion, medium-built, 30 to 40 years of age, and 5’0” to...
The Sandiganbayan has ordered a 90-day preventive suspension of Aldrin C. Cuña, executive vice president of the National Defense College of the Philippines, over his pending graft case that was filed when he was the city administrator of Quezon City. In a six-page resolution issued on...
The Ty family’s investment arm GT Capital Holdings Inc. (GTCAP) posted an 82 percent jump in core net income to a record high P28.8 billion last year from P15.9 billion earned in 2022. In a disclosure to the Philippine Stock Exchange (PSE), the firm said consolidated net income rose 57 percent to...
LAGUINDINGAN, Misamis Oriental – The feasibility study for the Mindanao Railway Project-Phase 3 is under way after the Department of Transportation (DOTr) and the joint venture of an Indian consulting company and a law firm signed a consultancy contract on Sunday, February 4. DOTr Secretary Jaime...
LAGUINDINGAN, Misamis Oriental – The conversion of the Laguindingan Domestic Airport here into an international airport would probably start next year, Department of Transportation Secretary Jaime Bautista said. THE Laguindingan Airport in the province of Misamis Oriental. (Franck Dick...
Union Bank of the Philippines (UnionBank), the banking unit of the Aboitiz Group, is planning to raise P10 billion from a stock rights offering even as it reported a 28 percent drop in net income last year. In a disclosure to the Philippine Stock Exchange (PSE), the bank said its Board of Directors...
ILOILO CITY – Amid an online word war between the people of Iloilo and Aklan, a mayor said the word “sádsad” is part of their cultural identity. “For the people of Aklan, sádsad is more than just a word. It is a pivotal element of our cultural identity, especially highlighted during the...
The Department of Transportation (DOTr) has deferred the apprehension of jeepneys and other public utility vehicles (PUV) whose operators failed to consolidate into either a corporation or a cooperative on Dec 31. Supposedly, only unconsolidated PUV operators in routes with below 60 percent...
The Department of Transportation (DOTr) has denied rumors that the minimum fare for modern jeepneys will increase to P50 once the Public Utility Vehicle Modernization Program (PUVMP) takes full effect. DOTr Secretary Jaime Bautista maintained that the primary consideration for any fare increase in...
