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Saturday, January 31, 2009

 

Yuchengcos face estafa raps

PEP Coalition readies more legal charges 

By William B. Depasupil, Reporter

Syndicated-estafa charges were filed on Friday before the Department of Justice against 21 executives of an ailing pre-need company owned by the Yuchengco Group of Companies.

The Parents Enabling Parents (PEP) Coalition, led by Victoria Gomez Jacinto, filed the criminal complaint against Pacific Plans Inc., a member of the Yuchengco group, over Pacific Plans’ failure to comply with its commitment to over 34,000 planholders.

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O T H E R   R E P O R T S

 

Sultan Hassanal Bolkiah has agreed to increase Brunei’s role in helping the Philippines win a peace agreement with Muslim separatists waging a decades-old rebellion, Filipino officials said Friday.

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No less than the helping hand of US President Barack Obama has been sought by Filipino Muslims in convincing the Philippine government and the Moro Islamic Liberation Front (MILF) to resume with the peace talks.

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TOKYO: Massive losses and cutbacks struck top Japanese companies on Friday, with electronics giant NEC alone shedding 20,000 jobs, as dire forecasts poured in from firms worldwide.

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CHICAGO: Illinois lawmakers ousted the state’s corruption-tainted governor, capping a political saga sparked by his arrest on charges of trying to sell President Barack Obama’s Senate seat for personal gain.

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DAVOS, Switzerland: Turkish Prime Minister Recep Tayyip Erdogan stormed out of the World Economic Forum after a war of words with Israel’s President Shimon Peres over the Gaza conflict.

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“Good morning, Manila!”
That was the first sentence from Wang Juhui, a representative from China-based Lifan Motors, at the launch of the auto brand’s first showroom in the Philippines’ capital of Manila.

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World boxing champion Manny “PacMan” Pacquiao can knock them out cold with his fists, as he apparently can the tax collectors with a stroke or two of the pen.

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Sen. Manuel “Mar” Roxas 2nd will be the standard-bearer of the Liberal Party (LP) in the 2010 elections, former Senate President Franklin Drilon, the party’s national chairman, said Friday.

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The government would not resort to radical changes in the country’s economic system to address the current crisis, despite calls from some groups, President Gloria Arroyo said on Friday.

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