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In July 2003, the Supreme Court of the Philippines ruled with finality that the funds were ill-gotten and thus are considered public funds. Pres. Arroyo announced that the money in accordance with the law on recovered ill-gotten wealth from the Marcos family will be used for the Agriculture Sector and Agrarian Reform.
The Securities and Exchange Commission (SEC) filed criminal charges against Kapa-Community Ministry International and its executives, citing an investment scam. [7] [8] President Rodrigo Duterte was the first government official to announce the legal actions, doing so on June 8, 2019, when he ordered the National Bureau of Investigation (NBI) to shut down Kapa.
March 4 – Meralco, Aboitiz Power and San Miguel Global Power Holdings Corporation announce a ₱168 billion ($3.3 billion) agreement to establish the Philippines' first integrated liquefied natural gas facility in Batangas, which is expected to generate 1,320 megawatts of electricity by the end of the year.
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Pharmally Pharmaceutical Corporation, simply known as Pharmally, is a supplier of medical equipment including face masks and face shields. According to the Securities Exchange Commission (SEC), the company was established on September 4, 2019. [ 3 ]
Napoles's business interests date back to the early 1990s. In 1993, she solicited for investments in a shipyard in Cebu, promising 5% interest on all investments.It was later discovered that the money was not invested in the shipyard: according to Col. Ariel Querubin, who was a friend of the Napoles family, the money they had invested in the shipyard was reportedly invested elsewhere, with ...
Celebrities like Kylie Jenner and the Kardashian sisters are notorious for allegedly supporting detox companies on social media.
The new campaign was launched in June 27, 2023 and was accompanied by a launch video which was supposed to showcase various tourist destinations in the Philippines. The launch video for the campaign sparked outrage from the Internet when it was discovered to include stock footage of foreign tourist destinations of Brazil, Indonesia, Switzerland ...