Corona’s Bank Essay

Another bank account shows Corona’s millions Chief Justice Renato Corona owns another peso account containing millions, a bank official testified on Thursday’s hearing.   As of 2010, Corona’s Bank of the Philippine Islands account has P12 million, said Leonora Dizon, branch manager of BPI Ayala Avenue Branch.   Senate earlier ordered Dizon to testify and bring Corona’s bank records from 2005 to 2010 to be presented as evidence for the impeachment’s Article II, which deals with the truthfulness of statements of assets, liabilities and net worth. The bank manager said Corona’s BPI account is still active. Balances at yearend were: P149,000 in 2005; P153,000 in 2006; P5 million in 2007; P1.5 million in 2008; P678,000 in 2009; and then P12 million in 2010.   This is apart from Corona’s two other accounts in Philippine Savings Bank with a combined ending balance of almost P20 million, as revealed in the impeachment court on Wednesday.   In his 2010 SALN, Corona’s declared cash asset was only P3.5 million.   Lead defense counsel Serafin Cuevas asked the Senate to subpoena Corona’s bank records from BPI. He wanted to show that Corona’s P12 million was not due to a single deposit but accumulated over several transactions. But Senate President Juan Ponce Enrile, presiding officer of the impeachment court, told both parties to simply go to the bank to examine Corona’s records in order to speed things up. AirAsia Philippines Leasing 16 Aircraft MANILA, Philippines – Newly licensed AirAsia Inc. (Philippines) will lease 14-16 Airbus 320 planes to service domestic and international routes within 1.5 to 4 hours flight from its Clark, Pampanga hub in the next half decade. The airline on Wednesday received its commercial air carrier certificate (AOC) from the Civil Aviation Authority of the Philippines (CAAP) in the latter’s Manila office. In March, last year, AirAsia Inc. registered with the Securities and Exchange Commission (SEC) to engage primarily in the business of air transportation in the Philippines and abroad for passenger and cargo. AirAsia Inc. is a 60-40 joint venture between Filipino investors Antonio O. Cojuangco, Michael L. Romero and Marianne B. Hontiveros with Malaysia’s AirAsia International Ltd., a wholly-owned subsidiary of AirAsia Berhad. The latter won the best low cost airline award for three consecutive years from Skytrax, the world’s largest airline and airport review site. â€Å"In the coming weeks, we will begin our domestic and international operations using two brand new Airbus A-320s flown in from the Airbus factory in Toulouse, France,† AirAsia Inc. CEO Marianne Hontiveros announced. The airline has fully complied with the new rigid process and requirements for the AOC meant to ensure safety conscientiousness in Philippine Aviation. â€Å"We are committed to make air travel more fun, affordable and accessible to all Filipinos,† she added. The airline also aims to revitalize tourism and boost passenger traffic at its hub in the Diosdado Macapagal International Airport (DMIA) in Clark, Angeles, Pampanga.