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

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

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


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

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


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?


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


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

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

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


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 »

  1. Kim Henares needs a reprimand, says Cayetano
  2. ‘No real progress in PH if dynasties not dismantled’
  3. More legal woes for Cedric Lee
  4. Massive infra spending set
  5. OFW brings MERS virus to Philippines
  6. DOJ to NBI: Arrest Cedric Lee, 4 others
  7. Cardinal Tagle to faithful: Join politics to clean it
  8. Estrada, Gigi Reyes denied access to evidence from other respondents
  9. Lacson’s wife loses diamond earring to thieves but recovers jewelry quickly with police arrest
  10. DOJ orders arrest of Cedric Lee
  1. Suspect in Vhong Navarro mauling tries to leave PH
  2. MH370 co-pilot made mid-flight phone call – report
  3. Netizens cry: 6/55 Lotto was rigged
  4. I’ll follow my conscience on Estrada, says JV Ejercito
  5. ‘Wife of Jesus’ theory papyrus not fake – Harvard study
  6. Fr. Suarez says last Mass on Easter before returning donated land to San Miguel
  7. Gay college instructor arrested for oral sex with student
  8. ‘King’ Yabut and I: Driver bares Makati dad ‘abuses’
  9. It was difficult having Japanese blood
  10. Palace: We can’t blame increase in population on Vitangcol
  1. KL confirms Malaysian Airlines Flight MH370 ended in Indian Ocean
  2. MRT passengers pass the hat for 6-year-old Ashley
  3. Pork payoffs to newscasters Erwin Tulfo, Del Prado, others bared
  4. UP back on top as ‘average’ student aces bar
  5. Rookie, lady cops lauded for quick response to MOA heist
  6. Model Helena Belmonte wished ‘to slash her wrist and hope to die’
  7. Malaysia averts another air tragedy; pilot lands troubled plane safely
  8. Revilla says he was joking; Lacson stands by his story
  9. Revilla ‘consulted’ Lacson on how he evaded arrest
  10. Police rule out foul play in Helena Belmonte’s death as boyfriend is ‘traumatized’


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  • Power Pinays smash India in Asian Women’s Club volleyball opener
  • PH youth boxers off to stumbling start in AIBA World tilt
  • Lifestyle

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  • This is not just a farm
  • Clams and garlic, softshell crab risotto–not your usual seafood fare for Holy Week
  • Moist, extra-tender blueberry muffins
  • Entertainment

  • Jones, Godard, Cronenberg in competition at Cannes
  • Will Arnett files for divorce from Amy Poehler
  • American rapper cuts own penis, jumps off building
  • Jay Z to bring Made in America music fest to LA
  • Why Lucky has not bought an engagement ring for Angel
  • Business

  • Total says makes ‘very promising’ oil find off Ivory Coast
  • ‘Chinese Twitter’ firm Weibo to go public in US
  • World stocks subdued, Nikkei flat on profit taking
  • Asia stocks fail to match Wall Street gains
  • Fired Yahoo exec gets $58M for 15 months of work
  • Technology

  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Filipinos #PrayForSouthKorea
  • Taylor Swift tries video blogging, crashes into fan’s bridal shower
  • DOF: Tagaytay, QC best at handling funds
  • Smart phone apps and sites perfect for the Holy Week
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
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  • It’s the Holy Week, time to think of others
  • Global Nation

  • Malaysia quarantines 64 villagers over MERS virus
  • DFA: 2 Filipinos survive Korean ferry disaster
  • PH asks airline passengers to check for MERS
  • Syria most dangerous country for journalists, PH 3rd—watchdog
  • Japan says visa-free entry still a plan
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