02.08.08
Puregold’s Lucio Co is the unnamed Chinese partner-financier of the breakaway Rustan boutique shop of Tantoco sibling, Eman Pineda.
PSE fines Locsin group
February 6, 2008
THE Philippine Stock Exchange has imposed a new set of fines on the Locsin-Poblador group for having repeatedly failed to submit financial reports of the Philcomsat Holdings Corp. to the bourse.
PSE disclosure chief Pete Malabanan said the PHC was being fined a total of P435,000 for the non-submission of the 2006 annual report, as well as for missing three quarterly reports for 2007.
The irony of the monetary penalties is that it is now the new Malacanang nominees headed by Ramon “RJ” Jacinto and retired Justice Santiago Ranada who are being made to shoulder the penalties of the dismissed Malacanang directors led by Locsin, while the group of Free Press publisher Enrique Locsin and PHC “chairman” Concepcion Poblador, aided by friendly Makati judges, continues to hang on to the about P500 million to P800 million in company funds. Read the rest of this entry »
United Airlines will begin charging passengers $25 starting May 5 to check in a second piece of luggage for US domestic and Canada travel if they are not part of its most-frequent-flier programs.
The new charge applies to those who purchase nonrefundable domestic economy tickets, and will allow customers to check in up to four additional bags at $100 per bag.
The DMCI-Metro Pacific consortium that now controls Maynilad Water is planning to transferr the company headquarters to the former Intel factory in Bangkal, Makati, which the Consunji company had acquired.
Former First Lady Amelita Ramos has resigned from her baby, the Clean and Green Foundation, over festering internal issues. The reported resignation could not be independently verified; the foundation’s executive director, Myrna Julieta-Jimenez, was unable to return a phoned inquiry.
02.04.08
The other Singson
February 3, 2008
HE may be laboring under the shadow of his more famous, more controversial big brother, but it is beginning to look like Jose “Bonito” Singson Jr. is a sharper businessman than Luis “Chavit” Singson.
Bonito last week signed with Robinsons Land president Frederick Go a joint-venture agreement for the Gokongwei real estate company to develop Singson’s 65-hectare property right outside Vigan into a Spanish-inspired township, just like the capital town’s historic district.
With urban planning designed by architect Felino Palafox, the township, called El Pueblo, will also feature an eight-to-ten hectare commercial center, with a mall, a convention center, and a call center as main anchors. Read the rest of this entry »
Locsin hires Tetangco PR
February 3, 2004
Faced with a string of money-laundering charges, Malacanang’s Philcomsat Holdings holdover director Enrique Locsin has hired the public relations consultant of Bangko Sentral Gov. Amando Tetangco Jr., paying the crisis PR consultant at least P3.1 million for a three-month contract, according to recovered Philcomsat documents.
One of the first counter-attacks that the PR consultant, Resty Perez and Co., executed was to craft and place negative advertisements against Solicitor General Agnes Devanadera and the Malacanang search committee, hitting them for dropping Locsin from the list of new Arroyo nominees to the cash-flush company.
With a new set of Malacanang directors coming in, Locsin publicly admitted that he and PHC “chairman” Concepcion Poblador transferred untold hundreds of millions of company funds to unknown destinations for “safekeeping.” Read the rest of this entry »
A light brown Isuzu Trooper (plate number XPK 615) with a prominent Supreme Court windshield sticker was seen parked by the ACCRA law office building Saturday afternoon, along with a silver Mercedes-Benz E 280 (plate number ZFW 201).
To mark the return of former Defense Secretary Avelino Cruz Jr., former Ombudsman Simeon Marcelo and four former undersecretaries, Villaraza and Angangco has not only voted to resurrect the law firm’s old name, CVC Law, the country’s best-connected law office is also throwing a party next week to formally re-launch the revivified firm.
Almost anyone who is anyone has been invited, including all the presidentiables. The most prominent non-invites: ex-clients Gloria Macapagal-Arroyo and telecom businessman Raymond Moreno.
