Archive for April, 2011

US surrendered Ligot’s assets to the Philippines

Posted on April 6th, 2011 by Roy

The ongoing investigation of former military comptroller Lieutenant General Jacinto and wife Erlinda Ligot has produced results as United States Ambassador Harry Thomas Jr. announced on Thursday that the US government has turned over to the Philippines $132,000 worth of assets of Mrs. Ligot.
Thomas, in his meeting with Justice Secretary Leila De Lima, said, “Today, [...]

Structural changes in SSS to allow for more benefits

Posted on April 5th, 2011 by Roy

Social Security System (SSS) is set for some structural changes in order to provide for more benefits. SSS president and chief executive Emilio de Quiros Jr. said Filipino workers and pensioners have sought meaningful benefits for the past many years, which is not possible unless the pension structure is updated.
He said, “The SSS operates on [...]

Geneva Cruz strips anew for PETA

Posted on April 5th, 2011 by Roy

Filipina singer and actress Geneva Cruz once again has gone naked for a cause. Cruz went nude in the latest ad campaign of the People for the Ethical Treatment of Animals (PETA) Asia dubbed, “Go Natural, Go Vegan.”
In the latest ad, Cruz was stripped in her birthday suit and was only clutching an armful of [...]

BSP said Banco Filipino ran a ‘Ponzi’ scheme

Posted on April 5th, 2011 by Roy

The Bangko Sentral ng Pilipinas (BSP) said in its 170-page opposition filed before the Court of Appeals that Banco Filipino Savings and Mortgage Bank was operating using the fraudulent “Ponzi” or pyramiding scheme. BSP filed the said report to justify its closure order and place Banco Filipino under the receivership of the Philippine Deposit Insurance [...]