Philippine Economy Talk

[Monseratto]

https://bilyonaryo.com/2023/03/16/gi...ess/#gsc.tab=0

“PAL’s new management discovered an allocation for Sebastian and learned that he had been asking for millions of pesos over the past decade, supposedly as payment for the excise tax needed to release the jet fuel from BOC,” he said.

Sebastian denied any wrongdoing and insisted that the money he collected was a “gift” from Tan.

“It was a gift from Kapitan (Lucio Tan) for being his assistant for 40 years. Why would I extort from PAL when I could easily ask for money from Kapitan?” Sebastian told Bilyonaryo.

Espinosa said inquest proceedings against Sebastian and Tan would “hopefully” start on Friday (March 17).

[uls]

Sa PLDT nga nangyari din e

yup

pag malaki na ang company dami na tao sa bureaucracy

ung mga may ari di na nakikialam sa day-to-day operations they leave it to the managers

diyan nangyayari ang corruption... when you have corrupt managers

[uls]

nagkakaroon ng sindikato sa bureaucracy

like what happened in gov't agencies hawak ng sindikato

[Monseratto]

Mukhang si Lucio Tan III

BIZ BUZZ: Lucio Tan Group’s D-day looms | Inquirer Business

1st wife family affair

Has it been a year already?

Taipan Lucio Tan’s LT Group Inc.’s annual meeting is coming up on May 3 and, unless plans miscarry, the event will likely see the realization of a family’s carefully planned succession moves.

We’re referring to Tan’s millennial grandson, Lucio Tan III, taking the reins of the empire as LT Group’s president after being named chief operating officer and vice chair a year ago.

The younger Tan will replace his uncle, Michael Tan, the company’s longtime president who helped grow LT Group into a P110-billion conglomerate.

[Mask Rider Blac]

So who is the successor of Lucio Tan?

BIZ BUZZ: Lucio Tan Group’s D-day looms | Inquirer Business

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[Athrunzala]

Sa PLDT nga nangyari din e

and Metrobank too, the senior lady executive already had the trust of the owner George Ty for many years, and yet she gave in to the temptation that she can get away with the heist...

[baludoy]

didn't know figaro din pala ang founders ng pickup coffee

Tech in Asia - Connecting Asia's startup ecosystem

[uls]

Sa PLDT nga nangyari din e

after investigation of P48B "budget overrun" some senior VP level executives of PLDT took early retirement / voluntary resignation

[dreamur]

BOC and PNP are still the most corrupt institutions. Legacy ni digong.

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[Flipo]

Peso weakens further, pierces 56 to $1 level | Philstar.com

Peso weakens further, pierces 56 to $1 level
Lawrence Agcaoili - The Philippine Star
April 19, 2023 | 12:00am