Aleli Morales Arroyo made the overture, and, being a well brought-up lady, Ms. Yuchengco politely responded to her "creation" the code word wickedly used by friends when talking to Ms. Yuchengco about Ms. Morales Arroyo.
Heres the catch, though. Transactions from 1998 to 2003 are still subject to taxes, every centavo of which Willy Parayno intends to go after even if he has already exceeded his first quarter target.
POTC Holding is the mother company of Philippine Communications Satellite Corp., which has some shares sequestered by the Presidential Commission on Good Government.
Under the model set up by president Nelson Buenaflor, micro-borrowers are each extended clean business loans of up P15,000 in exchange for post-dated checks. As everybody knows, nobody can go to jail because he/she cannot pay his/her debut but not everybody knows that an issuer of a bouncing check can be imprisoned.
What normally happens though is that Quedancor drops the case (and condones the penalties) once the issuer of the bouncing check promises to pay within a pre-agreed period of time.
In this project, PNB as an institution will donate a seed money of P100,000. Bank employees nationwide are being asked to donate at least P10, small compared to the P10,000 Mr. Tan will be pledging.