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Thursday, February 21, 2008

Lawmaker alleges conspiracy 
of bank execs, judiciary

Nueva Viscaya Rep. Carlos Padilla, in a privileged speech, takes the cudgels for steel company in Batangas Lawmaker alleges conspiracy of bank execs, judiciary

By Maricel V.Cruz Reporter

Independent Rep. Carlos Padilla of Nueva Vizcaya on Wednesday assailed
the planned takeover of a big steel company by two banks, which are allegedly using the judiciary to ensure that majority control of the Steel Corp. of the Philippines will be handed over to creditors within the year.

Padilla, in a privileged speech, accused the owners of Banco de Oro and its sister-bank, Equitable PCIBank, of conspiring with some members of the judiciary to kick out the owners of Steel Corp., which has been placed under receivership by a Batangas court despite the company’s diligent payments to its creditors. The two banks have already merged, with Banco de Oro being the surviving company.

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DENR orders rehabilitation of Bulacan river system

ENVIRONMENT and Natural Resources Secretary Lito Atienza on Wednesday issued an administrative order to rehabilitate the Marilao-Meycauayan-Obando river system in partnership....

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ATO asked to issue height limits near Clark airport

ANGELES CITY: Local businessmen and foreign investors yesterday called on the Air Transportation Office (ATO) to make public the height limitations for buildings around the Diosdado Macapagal International Airport (DMIA).

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Corn farming in Caraga yields 2-fold growth

The ongoing modern corn cultivation technology transfer project in the Caraga Region has yielded the farmers a two-fold growth in production, the Manila Economic and Cultural Office (MECO) announced Wednesday.

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