Bong Revilla urges co-accused to surrender to Sandiganbayan

 News
Jun 192014
 
Bong Revilla urges co-accused to surrender to Sandiganbayan

Sandigan issues warrant of arrest vs. Bong Revilla, 32 others. Senator Ramon ‘Bong’ Revilla Jr. (right) gestures to his supporters during a press conference at his residence in Bacoor, Cavite on Thursday, June 19. The Sandiganbayan First Division on Friday, June 20, issued a warrant of arrest against Revilla Jr. and 32 others in connection with the plunder and graft charges filed against them for their alleged involvement in the multibillion- peso pork barrel scam. Roy Lozano Senator Ramon Bong Revilla Jr. on Friday urged his co-accused in the alleged pork barrel scam case to follow his example and also surrender to the Sandiganbayan. “Ang payo [ko] sa iba, dumiretso na rin sila sa Sandiganbayan. Harapin natin ang mga problemang ganito para mapatunayan na wala tayong sala,” Revilla said in a phone interview aired over GMA News TV’s News To Go. He likewise thanked his supporters. “Sa mga taong pumunta sa bahay ko at nagbigay ng suporta, maraming maraming salamat po,” he said. He issued the statement after the Sandiganbayan issued arrest warrants against him and 32 others in relation to the alleged P10-billion pork barrel scam. While en route to the Sandiganbayan on Friday, he admitted that while he is uneasy about surrendering, it is still better than being arrested. “Haharap na tayo sa Sandiganbayan. Hindi na nila [kailangan] i-serve ang warrant. Ako na lang ang pupunta sa kanila… para wala na silang masabi pa,” he said. “Natural lamang na paminsan-minsan na maluha ka pero sabi ko nga, umpisa Read More …

Sen. Bong Revilla surrenders to Sandiganbayan, files motion for bail

 News
Jun 192014
 
Sen. Bong Revilla surrenders to Sandiganbayan, files motion for bail

Sandigan issues warrant of arrest vs. Bong Revilla, 32 others. Senator Ramon Bong Revilla Jr. (right) gestures to his supporters during a press conference at his residence in Bacoor, Cavite on Thursday, June 19. The Sandiganbayan First Division on Friday, June 20, issued a warrant of arrest against Revilla Jr. and 32 others in connection with the plunder and graft charges filed against them for their alleged involvement in the multibillion- peso pork barrel scam. Roy Lozano (Updated 12:23 p.m.) Sen. Ramon “Bong” Revilla Jr. surrendered to the Sandiganbayan before noon Friday, after the anti-graft court signed a warrant for his arrest in connection with the P10-billion pork barrel fund scam. Revilla, wearing a white polo, arrived aboard a van that passed through the court compound’s back entrance, radio dzBB’s Rowena Salvacion reported. The senator lost no time in filing a motion for bail but also asked the court to send him to Camp Crame for detention in case the bail petition is denied, according to his lawyer Joel Bodegon. Shortly after noon, the court granted Revilla’s motion to be detained at Camp Crame, said the clerk of court. He will be brought to the Criminal Investigation and Detection Unit. Revilla’s lawyer, Joel Bodegon, insisted that his client did not surrender, describing the senators’ decision to go to the Sandiganbayan as a  “voluntary submission.” Revilla was accompanied to the Sandiganbayan by his wife, Cavite Rep. Lani Mercado-Revilla; sons Jolo and Bryan; daughter Loudette and Gianna; and grandson Gab. His sisters Andrea Read More …

‘An Evening to Remember’ – Awardees

 Entertainment
Jun 192014
 
‘An Evening to Remember’ – Awardees

A Night to Remember awardees: (From left) Adele Raspado, Ernesto Tabayan, Jr., Jovy Camesa, Gregory Onga, Grace Hamidi, Avelina Hall, Virginia Davis, Annette Saunders, Josephine Mejia, Glecy Onga and James Salazar, Jr. On Tuesday, June 24, 2014, an event dubbed as “An Evening to Remember” will be held at the New Filipino American Community of Los Angeles Hall at 1740 W Temple St., Los Angeles, CA. Highlight of the event will be the awarding of certificates to selected awardees to recognize their exemplary efforts in their chosen fields.. Here is a brief profile of each: Annette Saunders. Married to a Canadian, Annette enjoys her retirement after working for many years as a nurse at the St. Joseph’s Hospital. Her children are all successful: a ship captain, a nurse stationed in Japan, and a manager of a very large company here in the U.S. Trained and skilled in dress fashion, she relishes her humble contribution to many happy celebrations of debuts and weddings with her gown designs. Adele Raspado. She traces her roots to Jones, Isabela and Divisoria. She owns the famous Elcano Bakery which continues to serve the public up to this day. All her children are successful entrepreneurs who come to visit her every year here in L.A. Grace Hamidi. A multi-awarded social worker who recently completed her schooling at the Harvard School of Public Health. She is currently involved in providing water filtering systems to different rural areas in Central and South America. She mentored young social workers Read More …

Haiyan benefit concert in DC a huge success

 Entertainment
Jun 192014
 
Haiyan benefit concert in DC a huge success

Philippine Embassy Photos by Elmer G Cato and Majalya Fernando Members of the audience danced to “We Can Be Anything” sung by Arnel Pineda Lindo, more popularly known as Apl.De.Ap of the Grammy Award-winning group Black Eyed Peas, as well as his rendition of “Where is the Love” with Criss. (Philippine Embassy Photos by Elmer G Cato and Majalya Fernando) WASHINGTON, D.C. – “After The Storm” – the star-studded benefit concert for the Philippines held here on Sunday was a huge success, drawing a diverse crowd and calling attention to the post-Typhoon Haiyan recovery and rehabilitation efforts. Young and old, Filipinos, Americans, members of the United States Congress, US government officials, diplomats and many others filled the Concert Hall of the Kennedy Center for the Performing Art for performances by an all-star lineup led by Filipina Broadway artist Lea Salonga and Hollywood star Lou Diamond Philips. The Philippine Embassy said the concert was a tribute to those who lost their lives in Typhoon Haiyan and to those who helped in rescue, recovery, and rehabilitation efforts. It was also a celebration honoring Filipinos and their resiliency as the country rebuilds after Typhoon Haiyan. Ambassador Jose L. Cuisia, Jr., who initiated the concert with his wife Maria Victoria, after Typhoon Haiyan struck in November, expressed his gratitude to those who lent a helping hand to the Philippines during the difficult times following the typhoon. “I am truly heartened by the compassion and kindness shown by the American people and other friends throughout the world, who Read More …

ARC buys Zest-O plants

 Economy
Jun 192014
 
ARC buys Zest-O plants

MANILA, Philippines – ARC Refreshments Corp., the exclusive distributor of RC Cola in the Philippines, has approved the acquisition of two plants of Zest-O Corp. located in Novaliches and Canlubang, Laguna. In a disclosure to the Philippine Stock Exchange, ARC, owned by businessman Alfredo Yao, said all the machineries and equipment as well as inventories and other assets of the two plants would be used for the production and distribution of its beverage products. Other brands that ARC carries are Fruit Soda Orange, Juicy Lemon and Arcy’s Rootbeer. Yao earlier announced plans to put up new RC Cola plants in Thailand and Myanmar as  the group expands operations in Southeast Asia ahead of the region’s economic integration. Yao’s Mazy Capital Inc. took over Maybank ATR Kim Eng Financial Corp. last year, resulting in a backdoor listing at the local bourse. From January to March this year, ARC posted a net income of P408 million, 108 percent higher than the previous year’s figures, driven by strong market demand and a successful distribution system. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Aside from ARC, Yao also controls mid-sized lender Philippine Business Bank.  He used to hold a significant stake in Zest Air.

Good governance: Differentiating ‘world class’ firms from those that are not

 Economy
Jun 192014
 
Good governance: Differentiating ‘world class’ firms from those that are not

Keynote Speech Sharephil Conference On Enhancing Share Value And Protecting Minority Shareholders June 18, 2014 Dusit Hotel, Makati City  Her Majesty’s Ambassador Asif Ahman, Peza Director General Lilia De Lima, Sharephil Chairperson Evelyn Singson, Vice Chair Cherry Bernaldo, President Francis Lim, Sharephil Members, Honored Guests – Good Afternoon To All Of You. I’m Glad To Be Here With You, And Join The Advocates Of Good Governance. Introduction To Governance Business ( Article MRec ), pagematch: 1, sectionmatch: 1 MANILA, Philippines – There is no reason as important and compelling as the matter of ethics and governance, for us to convene today. I’m a businessman in a country where one local columnist once described business ethics in the Philippines as an oxymoron. How can this be? Perhaps because ethical behavior is not always rewarded, and unethical behavior is rarely punished. We have yet to learn that those who do the right thing will, in the long run, perform better than those who don’t. Business is finally alive to the hard issues involving governance, following the collapse of global corporations like Enron, Arthur Andersen, Vivendi and, most recently, Lehman brothers. The demise of these companies lies more in their failure in governance, rather than weakness in regulation. Troubled companies too big to fail were finally allowed to crash. Closer to home, governance is a relevant topic today with the constant stream of news about politics and corruption. There’s a public outcry for transparency – ironic in this age of Twitter and Facebook Read More …

Melco raises P5.48 B via overnight placement

 Economy
Jun 192014
 
Melco raises P5.48 B via overnight placement

MANILA, Philippines – The Philippine unit of Macau casino giant Melco Crown Entertainment raised P5.48 billion through an overnight top-up placement, bringing in fresh capital to fund the completion of City of Dreams Manila, its first venture outside Macau. In a filing with securities regulators, Melco Crown (Philippines) Resorts said the deal comprised 485.18 million shares, which accounted for 9.88 percent of the company. The shares were offered at P11.30 apiece, which translated into a discount of seven percent versus the previous closing market price. The deal was done as a top-up placement that saw controlling shareholder MCE Investments first sell existing shares to investors and then buy the same number of new shares at the same price from the company. This structure allows the deal to be completed quicker than if Melco Philippines was to issue new shares directly to the market. The transaction still ensures that all the proceeds end up with the company. Upon completion of the transaction, MCE’s holding in Melco Philippines will be diluted to 65.29 percent from 72.45 percent. Shares of Melco Philippines were suspended from trading Wednesday ahead of the fund-raising announcement. Trading of its shares resumed today. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The stock closed lower than Tuesday’s closing price of P12.17 per share. Melco Philippines plans to use proceeds from the transaction to fund work on the development of a $1.3-billion integrated casino resort in Pagcor Entertainment City. Its board approved the other day an increase in Read More …

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