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It’s been proven time and time again that Pinoys are naturally resourceful — from withstanding the odds stacked against them in times of crises, to navigating the ever unpredictable pandemic — Filipinos have learned how to become…
CEBU CITY, Philippines–The P19 billion omnibus loan and security agreement entered into by the Cebu Cordova Link Expressway Corporation (CCLEC) to fund the construction of the Cebu-Cordova Link Expressway (CCLEX) won two awards. One of the awards…
CEBU CITY, Philippines—Innovation and expanding markets is the way to go for the country’s banking industry. Veteran banker Eugene Acevedo, who just assumed as president and chief executive officer of Rizal Commercial Banking Corp. (RCBC), explained during…
MAIA Santos-Deguito, the former branch manager of Rizal Commercial Banking Corp. (RCBC), has admitted lying just to conceal the personalities involved in the alleged $81-million money laundering scheme. Testifying at the ongoing investigation of the Senate blue…
More officials of Rizal Commercial Banking Corp. (RCBC) have been dragged into the alleged $81-million money laundering scam as former branch manager Maia Santos-Deguito continued her testimony at the Senate yesterday. Contrary to allegations, Deguito said she…
Businessman Kim Wong admitted during a Senate hearing on Tuesday that P1 billion of the funds allegedly stolen from the Bank of Bangladesh went to his company but said he is willing to return half of the…
RIZAL Commercial Banking Corp. president Lorenzo Tan has gone on indefinite leave of absence on the heels of the government’s probe on the $81 million in dirty money that slipped through the cracks of the local financial…
Criminal complaints filed against trader, casino operator over $81-M fund heist Yuchengco-led Rizal Commercial Banking Corp. fired its Jupiter branch manager Maia Santos-Deguito and her deputy Angela Torres yesterday, citing violations of bank policies and procedures as…
Cebu’s banking and business sectors are protesting against the “dirty money haven” tag given to the Philippines following the Bangladesh heist. Philip Tan, past president of the Mandaue Chamber of Commerce and Industry (MCCI), said the Philippines…
Window Legislative probes launched by either the Senate or House of Representatives used to send shivers on personalities involved in controversies and suspected criminal activities but not anymore. This was evident in the Senate hearing conducted by…
Gokongwei-owned Robinsons Land Corp. is showing support for the new brand of the island province as “Cebu – Where the Heart Sings,” with the installation of a giant guitar made of flowers in its new mall. The…
by Juli Ann M. Sibi UP Cebu Intern A “bayad center” will be opened at the Cebu City Hall satellite branch in barangay Taptap to allow residents of 36 mountain barangays to pay their bills on time.…
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