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Joined 1 year ago
Cake day: July 1st, 2023
  • a_tree_with_5_branch@lemmy.world
    toPhilippines@lemmy.world•From Shopping Malls to Agri-Business: Here's the Story of Ever Gotesco (So Far)English
    2·
    11 months ago

    The Asian financial crisis crippled businesses worldwide and Go wasn’t spared. Because he had incurred debt going into a diversification spree in the early to mid-90s, Go was left to pay for borrowings that had doubled because of the effects of the crisis. OCBC closed on Valentine’s Day 1998, and by October that year, the Bangko Sentral ng Pilipinas’ Monetary Board ordered the bank’s closure, placing it under the receivership of the Philippine Deposit Insurance Corporation (PDIC). OCBC had the dubious honor of being the first bank that became the victim of the 1997 Asian financial crisis. It wouldn’t be the last.

    Go and some of his associates would eventually face charges of fraud. In 2021, he was convicted of seven counts of estafa and sentenced to imprisonment for a minimum of four years and two months to a maximum of 19 years, for each of the seven criminal cases. He and his co-accused were also ordered to pay the PDIC P159 million.

  • a_tree_with_5_branch@lemmy.world
    toPhilippines@lemmy.world•Daily random discussion - Aug 14, 2023English
    2·
    11 months ago

    about this drug addict’s

    mid nung pandemic, na diagnose with cancer yung bayaw ko… so everyone was sympathetic to the current situation… the dude started to feel the toll of whatever he is feeling… more frequent hospitalization… then suddenly, biglang nag ook na daw pakiramdam… the wife was very supportive… bought enough oils for at least 3-4 years use siguro… so akala ni wife niya, oil was helping… until the dude, i dont why or for what reason, stop whatever he was into…

    in my own interpretation of what happened next, everything was so bad… he pointed to throw away the portable aircon/humidifier furiously… hitting my wife with a remote controller saying she is satan or something… nung nahimasmasan, in a way, umamin… he takes drugs and yun dun nakatago sa humidifier yung mga gamit… admitted that he do it with his friends in the house, stay in dad kasi siya… and they probably do it while his daughter was in the house… imagine, with your daughter and having a session with your friends… at this point, the wife insists that he leave the house… i mean who wouldnt? he endangered his daughter life at one point right?

    when he was diagnosed, doctor said about 6 more months/year, was not clear… i think he was diagnosed around feb or march then around oct ata, we had to go to their house… it was a good 15km ata from our home… emergency na, nagbiro pa siya if kaya ko siyang buhatin papunta kotse nila… i drove their car as well… frantic… not too fast not too slow… about 3-5 km yung hospital from their house…

    its pandemic, even before we got into the emergency room, Doc/Nurses asking what is the problem… sad part is that they cannot take him in because he is not a covid patient… wife just mentioned repeatedly that he has cancer… hindi na ako nakialam… hospital personnel have their directive… until finally he was taken in but too late… the following morning, deretso na kami crematorium…

    haists… lunes pala ngayon…