‘Insider trading is way of life in Philippines’

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.