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SC stops COA order to return retirement pay of DBP employees, execs

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The Supreme Court building in Manila. INQUIRER FILE PHOTO

The Supreme Court stopped the Commission on Audit (COA) from implementing its order to return the P747.1 million retirement benefits of officials and employees from the Development Bank of the Philippines who availed themselves of the Early Retirement Incentive Program IV (Erip IV).

Posted: February 19th, 2014 in Latest News Stories,Nation,Photos & Videos | Read More »

COA rejects PhilHealth plea on P88-M bonuses

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The Commission on Audit. INQUIRER FILE PHOTO

The Commission on Audit (COA) is standing pat on its decision disallowing the extra compensation, bonuses and allowances that officials and employees of the Development Bank of the Philippines (DBP) and the Philippine Health Insurance Corp. (PhilHealth) rewarded themselves between 2003 and 2006.

Posted: January 18th, 2014 in Editors' Picks,Featured Gallery,Headlines,Nation,Photos & Videos | Read More »

WHAT WENT BEFORE: DBP’s P660M grant in alleged behest loans

The Development Bank of the Philippines (DBP) filed in August 2011 a criminal complaint of graft and violation of banking laws against 25 past and current officers, and three private persons in connection with the grant of P660 million in alleged behest loans during the Arroyo’s administration.   The complaint filed in the Office of [...]

Posted: August 2nd, 2013 in Editors' Picks,Headlines,Nation | Read More »

Ongpin, Inquirer chief ed cleared

The Makati Prosecutor’s Office has dismissed the libel complaint of lawyer Zenaida Ongkiko-Acorda against businessman Roberto V. Ongpin and INQUIRER editor in chief Letty Jimenez-Magsanoc over two paid advertisements that the businessman had published in the INQUIRER in August 2011.

Posted: July 28th, 2013 in Editors' Picks,Headlines,Nation | Read More »

Ex-DBP exec asks antigraft court to lift hold order

Sandiganbayan_Seal

A former senior official of the Development Bank of the Philippines (DBP) has asked the Sandiganbayan to lift a hold departure order issued by the court on Jan. 21 and allow her to travel abroad.

Posted: March 12th, 2013 in Latest News Stories,Nation | Read More »

Ombudsman Morales OKs filing of raps vs ex-DBP execs

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Ombudsman Conchita Carpio Morales during the impeachment hearing of Supreme Court Chief Justice Ranato Corona at the Senate. INQUIRER FILE PHOTO

Ombudsman Conchita Carpio-Morales on Wednesday gave the go signal to prosecute officials of the Development Bank of the Philippines (DBP) in connection with the grant of two loans worth a total of P660 million in 2009 to Delta Ventures Resources Inc. (DVRI).

Posted: January 9th, 2013 in Latest News Stories,Nation | Read More »

Ongpin: CA freeze order unjustified

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The lawyer of business tycoon Roberto Ongpin on Saturday said the Court of Appeals’ order freezing Ongpin’s bank accounts is “totally without basis and completely unjustified.”

Posted: December 9th, 2012 in Editors' Picks,Headlines,Nation | Read More »

DBP Muntinlupa burglary: An inside job?

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The head of the National Capital Regional Police Office (NCRPO) has ordered an investigation into a burglary that took place over the weekend at the Muntinlupa branch of the Development Bank of the Philippines (DBP) to determine whether or not it was an inside job.

Posted: October 30th, 2012 in Headlines,Metro | Read More »

Tacloban councilors approve P400-M loan

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The city council approved a request by Mayor Alfred Romualdez Jr. to borrow P400 million from the Development Bank of the Philippines (DBP) for projects that include a sanitary landfill.

Posted: June 28th, 2012 in Headlines,Regions | Read More »

Ongpin: No insider trading in MVP affidavit

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Businessman Roberto Ongpin. INQUIRER file photo

Businessman Roberto Ongpin on Sunday countered the contention of Senator Sergio Osmeña III that an affidavit made by businessman Manuel Pangilinan “pins down” the former trade minister on insider trading charges.

Posted: December 5th, 2011 in Headlines,Nation | Read More »

Affidavit of Pangilinan on Philex deal

Manuel V. Pangilinan. INQUIRER FILE PHOTO

I, MANUEL V. PANGILINAN, of legal age, Filipino, with office address at First Pacific Company Limited, 24th Floor, Two Exchange Square, 8 Connaught Place Central, Hong Kong SAR, China, after having been sworn in accordance with law, hereby depose and state that:

Posted: December 5th, 2011 in Headlines,Nation | Read More »

Ongpin tells Senate: I’m not a crony of Mike Arroyo

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Businessman Roberto Ongpin. INQUIRER file photo

Finally appearing before a Senate committee looking into the loans he obtained from Development Bank of the Philippines (DBP), businessman Roberto Ongpin on Monday said he did not obtain behest loans from the state-owned bank based on a memorandum issued by former President Fidel Ramos in 1992.

Posted: November 15th, 2011 in Editors' Picks,Headlines,Nation | Read More »

Ongpin disowns firm with questionable loan from DBP

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Roberto Ongpin denied that he owned the company which was allegedly granted a $90-million loan (P3.8 billion) by the Development Bank of the Philippines even without a loan application and a license to do business in the country.

Posted: November 14th, 2011 in Latest News Stories,Nation | Read More »

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