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Sandiganbayan junks Marcos civil case involving estate of late businessman Ricardo Silverio

Adrian Ayalin, ABS-CBN News
Posted at Jul 16 01:59 PM

The Sandiganbayan 4th Division has dismissed a civil case involving former First Lady Imelda Marcos and the estate of late businessman Ricardo Silverio for the failure of the Philippine government to present evidence on alleged ill-gotten properties during the Marcos regime.   Read more »

3 ways to secure generational wealth

AXA
Updated as of Jul 16 12:36 PM

Protect your family and hard-earned wealth by planning your legacy immediately and being mindful of your health today. Read more »

As Imelda Marcos marks 92nd birthday, ex-martial law prisoners say 'jail her'

Jauhn Etienne Villaruel, ABS-CBN News
Updated as of Jul 02 09:26 PM

Political prisoners during the martial law era gave an unusual "greeting" to the late dictator Ferdinand Marcos' widow Imelda Marcos, who is celebrating her 92nd birthday.   Read more »

Dubai's yachts offer socially-distanced luxury

Dana Moukhallati, Agence France-Presse
Posted at Jun 14 11:34 AM

DUBAI, United Arab Emirates - Dubai earned a reputation for delivering luxury for those with cash to splash years ago, but amid the Covid-19 pandemic, a new mode of travel has become popular -- yachts. Read more »

VP Robredo says rise in 2020 net worth due to late mother's estate

ABS-CBN News
Posted at Jun 13 11:52 AM

Vice President Leni Robredo on Sunday said her declared wealth for 2020 increased due to properties that her mother left when she passed away last year. Read more »

Bezos, Musk and other billionaires avoid US income taxes: report

Agence France-Presse
Updated as of Jun 09 07:39 AM

Some of the richest Americans "pay little in income tax compared to their massive wealth -- sometimes, even nothing," said ProPublica. Read more »

If not now, when? COVID-19 spurs global push to tackle wealth gap

Dhara Ranasinghe, Reuters
Posted at May 26 09:24 PM

Governments worldwide, facing strong evidence that fallout from COVID-19 has widened wealth gaps as well as wrecking economies, have expanded social safety nets and in some cases begun exploring bolder ways of tackling the imbalances.   Read more »

Pru Life UK celebrates silver anniversary with 25-week bonanza

Pru Like UK
Posted at May 10 08:30 AM

iPhone 12, P2.5 million cash, and other prizes are up for grabs as Pru Life UK celebrates its 25th anniversary in a 25-week long bonanza. Read more »

China 'closing in fast,' Biden warns Congress, as he asks for trillions in spending

Trevor Hunnicutt and Susan Cornwell, Reuters
Posted at Apr 29 11:26 AM

WASHINGTON - President Joe Biden declared on Wednesday that the United States is "on the move again" 100 days after he took office, in a speech to a joint session of Congress that he used to promote a $1.8 trillion plan he said is needed to compete with China. Read more »

Hong Kong woman, 90, loses P1.54 billion in phone scam

Agence France-Presse
Posted at Apr 21 11:09 AM

HONG KONG - A 90-year-old Hong Kong woman has been conned out of US$32million by fraudsters posing as Chinese officials, police said, in the city's biggest recorded phone scam. Read more »

Citigroup trims global consumer banking profile as earnings jump

Agence France-Presse
Posted at Apr 16 11:08 AM

Most of the markets being exited are in Asia, where Citigroup's global consumer banking business at the end of 2020 had $6.5 billion in revenues and $123.9 billion in deposits.   Read more »

How K-pop idol Sandara Park spends her millions

Jillian Carpio, South China Morning Post
Posted at Feb 18 02:38 PM

The former 2NE1 star loves to splash out on Nike, Off-White and Chanel, owns over a thousand pairs of trainers and a bright yellow Volkswagen Beetle. Read more »

Cusi dethrones Villar as richest Cabinet member; restrictions to full SALN disclosure formalized in nearly all branches

Bethina Farin, Dave Abuel, and Che de los Reyes, ABS-CBN Investigative & Research Group
Updated as of Nov 06 11:03 PM

Energy Secretary Alfonso Cusi has dethroned Public Works Secretary Mark Villar as the richest member of the Duterte cabinet in 2019.  Read more »

No 'conscious effort' to conceal Duterte wealth: Palace

Gillan Ropero, ABS-CBN News
Posted at Nov 04 12:04 PM

There is no "conscious effort to conceal" President Rodrigo Duterte's wealth, his spokesman said Wednesday. Read more »

Goldman Sachs agrees to largest penalty ever in 1MDB scandal

Agence France-Presse
Posted at Oct 23 08:46 AM

Global financial titan Goldman Sachs agreed to pay $2.9 billion in penalties to settle criminal charges in the 1MDB Malaysian bribery scandal, the largest US fine ever in a corruption case, the Justice Department announced Thursday. Read more »

Duterte's SALNs secret; PCIJ shows wealth disclosures of all presidents since Cory

Karol Ilagan and Stanley Buenafe Gajete, PCIJ
Updated as of Oct 19 07:17 AM

For the past 30 years, the Office of the Ombudsman has made readily available the wealth disclosures of Philippine presidents and other government officials. Until now. Read more »

Laws governing wealth disclosure

Karol Ilagan, Philippine Center for Investigative Journalism
Updated as of Oct 19 01:38 AM

There are three laws that govern the filing of the statement of assets, liabilities and net worth or SALN: Republic Act (RA) 3019 (Anti-Graft and Corrupt Practices Act), the 1987 Constitution, and RA 6713 (Code of Conduct and Ethical Standards for Public Officials and Employees).   Read more »

A citizen’s guide to where and how to get a SALN

Karol Ilagan and Rex David Morales, PCIJ
Posted at Oct 19 01:10 AM

By law, actual copies of SALNs should be open for public inspection at reasonable hours or available for copying after 10 working days from the time they are filed. Read more »

What’s in a SALN anyway?

Karol Ilagan, Philippine Center for Investigative Journalism
Posted at Oct 19 01:04 AM

By law, SALNs must contain detailed information on an official’s real and personal properties, loans and other liabilities, and net worth as well as business interests, financial connections and relatives in government.   Read more »

Billionaires' riches reach record highs during pandemic

Agence France-Presse
Updated as of Oct 08 07:53 AM

By the end of July, the cumulative wealth of billionaires stood at around $10.2 trillion, according to a study conducted by Switzerland's biggest bank UBS and accounting giant PricewaterhouseCoopers. Read more »