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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 has found something sour in the P230-million fund from the Disbursement Acceleration Program meant for a milk feeding program that had 52 proponents, including Speaker Feliciano Belmonte Jr., lawmakers from the Makabayan bloc and an NGO associated with a sister of President Aquino. 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 »