As Department of Labor and Employment Secretary Rosalinda Baldoz inaugurated the P8-million Sugar Workers Development Center yesterday morning, a labor leader of Kilusang Mayo Uno and some terminated workers of the Bacolod Our Lady of Mercy Specialty Hospital rallied in front of DOLE office.

KMU labor leader Ronald Ian Evidente said they want Baldoz to know that there are labor injustices in Negros Occidental, citing the case of the BOLMSH.

The hospital management terminated 16 workers recently based on an order from the 7th Division of the National Labor Relations Commission in Cebu City citing the termination of workers as legal.

BDO $1-B rights offering ok’d

MANILA – Sy-led Banco de Oro Unibank Inc. announced yesterday the approval by the Board of Directors of the Philippine Stock Exchange the bank’s plan to raise, through equity rights offer, up to $1 billion of additional Tier 1 capital.

In a disclosure with the PSE, BDO said the Bangko Sentral ng Pilipinas approved the capital-raising activity on May 15, 2012.

“This capital raising is intended to support the growth and expansion of the bank amidst the positive sentiments on the economy and at the same time strengthen the bank’s capital position in anticipation of new BASEL III requirements,” BDO Chair Teresita Sy, said.

Stocks, peso
remain positive

MANILA – Sy-led Banco de Oro Unibank Inc. announced yesterday the approval by the Board of Directors of the Philippine Stock Exchange the bank’s plan to raise, through equity rights offer, up to $1 billion of additional Tier 1 capital.

In a disclosure with the PSE, BDO said the Bangko Sentral ng Pilipinas approved the capital-raising activity on May 15, 2012.

“This capital raising is intended to support the growth and expansion of the bank amidst the positive sentiments on the economy and at the same time strengthen the bank’s capital position in anticipation of new BASEL III requirements,” BDO Chair Teresita Sy, said.

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