Former Makati Vice Mayor Nestor Mercado admits having benefited from the alleged overpricing of the Makati parking building. Ergo, he concluded, then Mayor Jejomar Binay, must have benefited from it, too. He would not mention numbers.
It now appears Chief Justice Maria Lourdes P.A. Sereno had a noble purpose in recommending the exclusion of the name of Solicitor General Francis Jardeleza from the short list of nominees for the vacancy left by the resignation of Associate Justice Roberto Abad.
Word that goes around among senior officers of Philippine Airlines is that San Miguel and the Lucio Tan Group will finalize negotiations on the transfer of full ownership of the airline on Thursday, Aug. 28.
Of about 15 to 20 text messages we get on Globe cellular phones, at least three or five are sent by people who are not supposed to know our number. Most of them offer apartments, condos as they are called in the Philippines.
A steel mill in Balayan, Batangas went through very rough times. It was mired in huge debts. But its principal owner, Abeto Uy, managed to pay the bigger obligations including a loan from Banco de Oro.
In the agreement between the Lucio Tan Group and San Miguel Corp. which acquired 49 percent of Philippine Airlines and was allowed management control, either of the parties may buy the other under the so-called “put and call” mode.
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