THE strength of a country s banking system helps define its economic development. Given the crucial role of banks, it is necessary to enact laws that will regulate and safeguard the industry.
MANILA - Gaming technology firm Globaltech Mobile Online Corp. on Saturday said it will file libel and contempt of court charges before the Court of Appeals (CA) and the Pasig City Regional Trial Court against the Philippine National Police (PNP) officials who continue to label its "Peryahan ng Bayan" as illegal gambling game. Lawyer Bernard Vitriolo, Globaltech vice president for legal, said they were alarmed over the spread of maliciously false and baseless allegations against their "Peryahan ng Bayan" games. He said their company has a valid Deed of Authority (DOA) issued by the Philippine Charity Sweepstakes Office (PCSO) to operate nationwide. The CA, he added, has a final and executory ruling that affirmed a standing status quo ante (SQA) order issued by the Pasig City Regional Trial Court that allows them to operate the games nationwide. "No less than the Court of Appeals has issued a ruling that effectively allows us to operate nationwide pending arbitr
Figaro Coffee Group, Inc. (FCG) successfully listed its shares at the Philippine Stock Exchange with its share price closing a notch higher at P0.77 apiece from its initial public offering price of P0.75 per share. FCG’s share price hit a high of P0.89 intraday, up 18.7 percent from its IPO price b