‘Insider trading is way of life in Philippines’

Lala Rimando

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The Philippines is the 'Wild Wild West in the financial world', according to Sen. Serge Osmena who is conducting Senate hearings on deals involving businessmen Roberto Ongpin and Manuel Pangilinan; publicly traded firms like Philex Mining; as well as Development Bank of the Philippines and MRT-3 Corp.

 

MANILA, Philippines – The country is the ‘Wild Wild West in the financial world’, according to Sen. Serge Osmena who is conducting Senate hearings on deals involving businessmen Roberto Ongpin and Manuel Pangilinan; publicly traded firms like Philex Mining; as well as Development Bank of the Philippines and MRT-3 Corp.

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