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(Eagle News) — The head of the Hong Kong based firm Landing International Development Ltd., — which had earlier entered into a controversial 75-year lease contract for casino gambling with Nayong Pilipino Foundation that was stopped by President Rodrigo Duterte — was reported missing. Landing International Development said in a filing to the Hong Kong exchange Thursday that chairman Yang Zhihui could not be found, hours after its share price had crashed 35 percent […]
(Eagle News) – President Rodrigo Duterte admitted that he was “frustrated” when he said he was ready to resign because of the numerous and almost non-stop reports of corruption in government, including those in the military’s medical services. Duterte said that what frustrated him most was the investigation report that military officials that targeted millions of funds he had allocated for the medical and health expenses of wounded and sick soldiers. “Alam mo mapatawad […]
(Eagle News)—-The Commission on Audit has flagged Nayong Pilipino Foundation’s lease contract with Landing Resorts Philippines Development Corporation for the use of almost 10 hectares of land in Paranaque City. According to COA, Nayong Pilipino entered into the contract “without conducting independent appraisal of prevailing rental rates of the leased property within the vicinity, feasibility study and without posting of notice to public to solicit offers from other interested Filipino investors.” COA said it had […]
(Eagle News) – “I hate gambling. I will not allow it.” With this announcement, President Rodrigo Duterte revealed on Wednesday, August 8, why he fired all of the board members of the Nayong Pilipino Foundation (NPF) the previous day. The reason was simple, the President said. The NPF board members and management entered into a lease contract that will allow casino gambling for a period of 75 years in a 9.5-hectare property owned by […]
