Unwanted attention

NOT BUSINESS AS USUAL - Margaret Jao-Grey  () - August 23, 2005 - 12:00am
Did you know 1: A woman injected with a local anesthesia found herself fighting the unwanted attention of her doctor. It seemed the medical staff were all out of the operating room at that time.

Oh yes, the doctor is still practicing his so-called profession.
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Did you know 2: The chocolate fondue – you skewer a slice of fruit and then you soak it in pure heavenly chocolate – has been a big come-on in some hotel outlets and is now being offered by wedding caterers as well.
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Did you know 3: Eastwood City director for commercial services Kevin Tan likes to look older than his 22 years. Unfortunately, tenants want someone older and with more experience, given the continued slow business even on a Saturday night.

Mr. Tan’s main credential is his filial relationship to Eastwood developer, Megaworld Corp. chairman Andrew Tan.
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Did you know 4: The sales volume of Universal Robina Corp.’s green tea ready-to-drink entry, C2, is being followed closely by the local 30-million-units tea market.

C2, which has the fun and young image that URC president Lance Gokongwei has crafted for most of the company’s products, will soon be marketed abroad.
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Come September, Sergio Eduardo Edeza is expected to finally join the RCBC Group as group treasurer.

Boy Edeza was supposed to have joined the bank after his stint as National Treasurer but was prevailed upon to accept the job of president of Trade and Investment Development Corp. after the resignation of Joel Valdes who wanted to spend more time with his family.

Mr. Edeza didn’t have such a problem since he is unmarried.

One of Mr. Edeza’s strength is his eye for detail. A case in point was how he handled the account of Fitsmood International Corp., which was given a P20-million credit line, on the condition that funds to be released would be equivalent to or less than the collateral given.

Based on data eventually provided by the credit committee, it was found that Tidcorp released P15.4 million in three tranches on registered properties in Mandaluyong and Cavite worth P5.34 million and on an unregistered property in San Mateo, Rizal valued at P10.06 million. In its stead, the company submitted an owner’s duplicate copy of the land title, which was later deemed by Tidcorp to have been fake.

When executive vice-president Laura Atienza requested that the Fitsmood loan be restructured over 15 years, Mr. Edeza asked executive vice-president Federico Remo to evaluate the Fitsmood account and, if necessary, to coordinate with the National Bureau of Investigation.

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