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Businessman Joseph Calata found guilty of misleading investors on Cebu casino project

After eight years, Joseph Calata and another senior executive of Calata Corporation are fined a total of P8 million for making false disclosures about a casino venture in Cebu.....»»

Category: newsSource: rappler rapplerJun 4th, 2024

SPNEC confirms it is looking for investors in Terra Solar to help fund project dev t

SP New Energy, Meralco’s new renewable energy subsidiary, confirms a report that it was seeking investors to help fund the development of the 3.5 GW Terra Solar project, but clarified that it is only seeking investors “at the Terra Solar Philippines Inc. level,” and that it has only “just launched the process and are still in discussions with various possible investors.” .....»»

Category: financeSource:  philstarRelated NewsMar 5th, 2024

Uncertainty looms over Davao-Samal Bridge project amid RoW hurdles

The construction of the Samal Island-Davao City Connector (SIDC), also known as the Davao-Samal Bridge project, has faced numerous setbacks due to right-of-way (ROW) acquisition challenges. The project was halted on January 3, 2024, due to issues with landowners near a pier in Lanang at Davao City, leading to delays in the project's implementation. While there have been conflicting statements regarding the project's status, the National Economic and Development Authority-Davao Region (Neda-Davao) aims to complete the detailed engineering plans for the substructure of the west land via dock once the Deed of Transfer Possession in Davao City is released. However, ROW issues continue to persist. Despite these challenges, the project is still considered a priority and is included in the Davao Region Development Plan (DRDP) for 2023–2028. The project is funded through China’s Official Development Assistance with an estimated budget of P23.04 billion, and negotiations with the Philippine government are ongoing with a target completion date in 2027. The uncertainty surrounding the project's timeline remains as ROW hurdles persist, impacting the much-anticipated toll-free four-lane concrete exodus bridge spanning a 3.98-kilometer distance......»»

Category: newsSource:  sunstarRelated NewsJan 30th, 2024

Nagka-casino na Chinese dinukot

Isang Chinese ang dinukot ng kanyang dalawang kababayan habang nasa casino. The post Nagka-casino na Chinese dinukot first appeared on Abante......»»

Category: newsSource:  abanteRelated NewsMay 22nd, 2024

Nur Misuari founder of MNLF found guilty in P77-M graft case

MANILA, Philippines — Nur Misuari, the founder of the Moro National Liberation Front (MNLF) was found guilty for two counts of graft in connection with procurements totaling P77 million from nonexistent companies toward the end of his term as governor of the Autonomous Region in Muslim Mindanao (ARMM). In a 68-page decision promulgated by the.....»»

Category: newsSource:  inquirerRelated NewsMay 25th, 2024

Suntrust secures $38 million loan for Parañaque casino project

Suntrust Resort Holdings Inc. has secured a $38-million loan to fund the development of its casino project in Parañaque City......»»

Category: financeSource:  philstarRelated NewsApr 22nd, 2024

2 Korean nationals charged for robbing businessman in Cebu City

CEBU CITY, Philippines – Police here have filed charges against the two Korean nationals who allegedly robbed a businessman in Barangay Banilad, Cebu City last Tuesday, April 2, 2024. According to police, the suspects were charged for robbery with homicide, frustrated homicide, and direct assault. The arrested persons were identified as Yong Hee Kim, 45;.....»»

Category: newsSource:  inquirerRelated NewsApr 5th, 2024

Who is Atty. Kent Francesco Jongoy, the newly endorsed CBRT project manager?

CEBU CITY, Philippines — Cebu City Mayor Michael Rama has recently endorsed a new project manager for the Cebu Bus Rapid Transit (CBRT) project. Meet incoming CBRT project manager Lawyer Kent Francesco Jongoy, the assistant head of the Cebu City Transportation Office (CCTO), the head of its Public Mass Transportation Division, and its legal officer......»»

Category: newsSource:  inquirerRelated NewsMar 7th, 2024

Traslacion welcome Mass homily highlights St. Joseph’s teachings

MANDAUE CITY, Cebu –  The art of loving someone who is not your own, the art of letting go, and the art of dreaming were emphasized as the teachings of St. Joseph in the homily during the Traslacion welcome Mass on Friday, Jan. 19. The mass was presided over by Auxiliary Bishop Midyphil Billones, with.....»»

Category: newsSource:  inquirerRelated NewsJan 19th, 2024

Waterfront Cebu City Hotel and Casino Welcomes the Year of Wooden Dragon with a Blast

Enriched with the Lunar New Year spirit, Waterfront Cebu City Hotel and Casino celebrated the Chinese holiday with an energetic Wushu performance, a Lion and Dragon dance, and the prosperity tossing of Yee Sang on February 9, 2024. Officially opened by Bryan Lasala, the establishment’s Resident Manager and Officer-in-Charge for Hotel Operations, the gathering exhibited.....»»

Category: newsSource:  inquirerRelated NewsFeb 10th, 2024

Kris Tiffany Janson is Miss Universe Philippines Cebu 2024

CEBU CITY, Philippines — Cebu City North’s bet, Kris Tiffany Janson, was crowned Miss Universe Philippines Cebu 2024, earning the honor of representing Cebu on the national stage. The coronation took place Saturday night, February 3, at Waterfront Cebu City Hotel and Casino. Aside from bringing home the crown, Janson also won various special awards,.....»»

Category: newsSource:  inquirerRelated NewsFeb 4th, 2024

Calata officers ordered to pay P8 million for market manipulation

Calata Corp., the delisted agribusiness firm of self-made businessman Joseph Calata, has been found guilty of market manipulation by the Regional Trial Court of Makati City, with its officers sentenced to pay fines totaling P8 million......»»

Category: financeSource:  philstarRelated NewsJun 4th, 2024

Deniece Cornejo, Cedric Lee get life term

A Taguig court yesterday found model Deniece Cornejo, businessman Cedric Lee and two others guilty of serious illegal detention for ransom of actor-host Vhong Navarro......»»

Category: newsSource:  philstarRelated NewsMay 2nd, 2024

Cebu City shooting: Cops pursue lead in bar fight killing

CEBU CITY, Philippines — Police in Cebu City are now pursuing a lead to identify the suspect behind the shooting of a man outside a bar along Pelaez Street in Barangay Kalubihan, Cebu City on early Wednesday morning, March 6, 2024. The victim was identified as Joseph Esconde Ybañez, a 32-year-old native of Dalaguete, Cebu......»»

Category: newsSource:  inquirerRelated NewsMar 6th, 2024

Disbarred lawyer Gadon guilty of gross misconduct anew over falsehoods — SC

The Supreme Court has found disbarred lawyer lawyer Larry Gadon guilty of gross misconduct for committing perjury and making accusations based on hearsay in the impeachment case of former Chief Justice Maria Lourdes Sereno......»»

Category: newsSource:  philstarRelated NewsMay 23rd, 2024

Guilty Verdict in High-Profile Kazakhstan Domestic Violence and Murder Case

A Kazakh court has delivered a guilty verdict in the high-profile trial of the country's former economy minister, Kuandyk Bishimbayev. On May 13, the court found Bishimbayev guilty of the torment and murder with extreme cruelty of his partner Saltanat Nukenova and sentenced him to 24 years in a maximum-security prison. Murder with extreme cruelty carries a maximum sentence of life imprisonment, while torment carries a.....»»

Category: sportsSource:  abscbnRelated NewsMay 14th, 2024

Vhong Navarro turns emotional after Deniece Cornejo, Cedrick Lee, others found guilty

Kapamilya host Vhong Navarro turned emotional after the court sentenced Cedrick Lee, Deniece Cornejo and two others "guilty beyond reasonable doubt" for the serious illegal detention for ransom case that Vhong filed......»»

Category: newsSource:  philstarRelated NewsMay 2nd, 2024

SC: Lorraine Badoy guilty of indirect contempt for red tagging judge

MANILA, Philippines — Loraine Badoy-Partosa, former spokesperson of the government’s anti-insurgency task force, has been found guilty by the Supreme Court (SC) of indirect contempt for red-tagging a Manila Regional Trial Court (RTC) judge. Badoy was ordered to pay a fine of P30,000 and warned against repeating the same or similar acts in the future,.....»»

Category: newsSource:  inquirerRelated NewsFeb 29th, 2024

Red-tagger Badoy guilty of indirect contempt over red tagging of Manila judge

The Supreme Court found NTF-ELCAC spokesperson Lorraine Badoy guilty of indirect contempt over her multiple pronouncements against a Manila Regional Trial Court judge over a decision which denied the proscription petition of the Department of Justice against the CPP-NPA......»»

Category: newsSource:  philstarRelated NewsFeb 29th, 2024

Former ad exec found guilty of estafa

The Makati Metropolitan Trial Court has sentenced a former ad executive to up to two years imprisonment after finding him guilty of estafa......»»

Category: financeSource:  philstarRelated NewsFeb 12th, 2024

God Uses Our Work For His Purposes

After many years of trials, Joseph’s dreams came to fruition. Not only did Pharaoh entrust the operations of all of Egypt to Joseph, his brothers came to him seeking food when the famine hit and they bowed down to their brother, although they didn’t know it was him right away. God intended all along to […].....»»

Category: sportsSource:  abscbnRelated NewsApr 5th, 2024