Not that the man is impoverished, mind you. His equally rich wife has one of the largest collection of high-end shoes in town. She has more Manolo Blahniks and Jimmy Choos than "Sex and the City" heroine, Carrie Bradshaw. (The collection of former First Lady Imelda Marcos doesnt count because, well, the bulk of that collection came from Marikina).
After the deadline, the country will face sanctions that may include delays in the receipt of remittances, at the personal level, and in any international trade-related business, at the corporate level.
Basically, the problem lies with entitlement what these directors feel they are entitled to take from the bank and from its shareholders without having to work for it.
Also invited and sure to be present are Finance Secretary Jose Isidro Camacho, whose department supervises government financial institutions, and Environment and Natural Resources Secretary Elisea Gozun, to acknowledge the only local bank which is environment certified by the ISO.
This year, DBP chairman Vitaliano Nañagas II and president and chief executive officer Simon Paterno are handing out awards for the most outstanding entrepreneur-client (to Matling Industrial Commercial Corp. chairman and president Richard Spencer) and for most environmentally responsive corporation to (Lacto-Asia Pacific Corp.)