SC upholds dismissal of Quedan exec

November 17, 2012 12:44 am· Comments Off on SC upholds dismissal of Quedan exec 

MANILA, Nov. 16 — The Supreme Court (SC) has affirmed with finality its ruling dismissing a former district supervisor of Quedan and Rural Credit Guarantee Corporation (Quedancor), Cagayan de Oro City, stemming from his alleged unauthorized withdrawals of money deposited by a Quedancor's client.

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PHL ready to evacuate some 100 Filipinos in conflict-torn Gaza – DFA

November 17, 2012 12:44 am· Comments Off on PHL ready to evacuate some 100 Filipinos in conflict-torn Gaza – DFA 

By Michaela Del Callar

MANILA, Nov. 16 –- The Philippine government is prepared to evacuate some 100 Filipinos in Gaza amid renewed tensions in the area and an imminent ground invasion by Israeli troops in the Palestinian stronghold, the Department of Foreign Affairs (DFA) said Friday.

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DOJ to form fact-finding panel to probe P12-B pyramiding scam

November 17, 2012 12:44 am· Comments Off on DOJ to form fact-finding panel to probe P12-B pyramiding scam 

MANILA, Nov. 16 — The Department of Justice (DOJ) will create another panel of prosecutors that will help in the investigation of the P12-billion pyramiding scam involving the Aman Futures Philippines, Inc.

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Aquino certifies as urgent sin tax bill

November 17, 2012 12:44 am· Comments Off on Aquino certifies as urgent sin tax bill 

By Lilybeth G. Ison

MANILA, Nov. 16 — President Benigno Aquino III has certified as urgent the sin tax reform bill.

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IMF Managing Director cites Philippines and other emerging markets’ role to global growth

November 17, 2012 12:44 am· Comments Off on IMF Managing Director cites Philippines and other emerging markets’ role to global growth 

MANILA, Nov. 16 — International Monetary Fund (IMF) Managing Director Christine Lagarde cited the “critical role” played by the Philippines and other emerging markets in the Asia-Pacific region in driving global growth which she said has helped stabilize the economies of this part of the world.

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IMF Managing Director Lagarde lauds PHL's resiliency

November 17, 2012 12:44 am· Comments Off on IMF Managing Director Lagarde lauds PHL's resiliency 

MANILA, Nov. 16 — International Monetary Fund Managing Director Christine Lagarde lauded the Philippines for achieving economic progress amid the global economic uncertainty.

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DOJ asked to junk tax evasion raps vs. Coronas

November 17, 2012 12:44 am· Comments Off on DOJ asked to junk tax evasion raps vs. Coronas 

MANILA, Nov. 16 — A daughter and son-in-law of impeached Chief Justice Renato C. Corona asked the Department of Justice (DOJ) panel of prosecutors on Friday to dismiss the tax evasion case filed against them by the Bureau of Internal Revenue (BIR).

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DOJ assures 'heads will roll' on grenade blast at NBP

November 17, 2012 12:44 am· Comments Off on DOJ assures 'heads will roll' on grenade blast at NBP 

MANILA, Nov. 16 — The Department of Justice (DOJ) on Friday assured that "heads will roll" in the aftermath of the grenade explosion inside the Maximum Security Compound of the New Bilibid Prisons (NBP) in Muntinlupa City.

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Aman Futures scam triggers violence in Zambo Sur

November 17, 2012 12:44 am· Comments Off on Aman Futures scam triggers violence in Zambo Sur 

By Christopher Lloyd T. Caliwan

MANILA, Nov. 16 – Department of Interior and Local Government (DILG) Secretary Mar Roxas on Friday ordered all police units in Zamboanga Del Sur to intensify their security precautions so that victims of the Aman Future pyramiding scam will not vent their ire on persons connected to the failed business venture.

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Legarde projects above 5% growth for PHL in ‘12

November 17, 2012 12:44 am· Comments Off on Legarde projects above 5% growth for PHL in ‘12 

By Joan Santiago

MANILA, Nov. 16 — International Monetary Fund (IMF) now sees over five percent expansion for the Philippine economy in 2012.

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