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FDH New Year's Wish HONGKONGNEWS.COM.HK Page 2 The No.1 Foreign Newspaper Vol.XVII No.360 January 1, 2017 A 75-year-old Pinay is arrested for trying FDH New Year’s Wish: to withdraw nearly $400M using fake bank documents. ‘11 hours of Page 18 continuous rest’ HAPPY NEW YEAR! Revelers pose and Let us look back at take photos at the the unforgettable giant statue of a moments of 2016 snowman set up at the 1881 Heritage that made it historic shopping centre in not just for Filipinos Tsim Sha Tsui. here in HK but also around the world. Page 28 Heartthrob Alden Richards is By Philip C. Tubeza uninterrupted rest.” us 11 hours of uninterrupted rest,” Vil- ployers,” he added. Eman Villanueva, chair of Bayan Hong lanueva said in an interview. The signatories to the petition included overwhelmed by the MARKING International Migrants Day, Kong and Macau, said they turned over “So, instead of defining our working migrant workers from the Philippines, In- the warm welcome foreign domestic workers submitted a pe- the petition to the office of Hong Kong hours, we are asking that the government donesia, Thailand, and Nepal. tition, with more than 28,000 signatures, Chief Executive C.Y. Leung during the should just ensure that we have several They joined the rally after marching given to him by Hong to the government asking for standardized rally in Admiralty on December 18. hours of uninterrupted rest. This is more Turn to page 15 Kong OFWs. working hours, particularly “11 hours of “We are asking the government to give workable because we live with our em- PUBLISHED BY HK PUBLICATIONS LTD. TEL: 2851 1766 2 NEWS January 1, 2017 HONGKONGNEWS.COM.HK P2K SSS pension hike this year Tourist By Maia Lopez toring of employers’ SSS compliance. The social Security System is also arrested for THE Social Security System (SSS) ex- considering possible joint ventures with pects Congress to give its approval that developers to maximize gains from SSS would pave the way for the release of the assets. trying to P2,000 increase this year. Valddez said these assets include its Social Security Commission (SSC) five-hectare property in Quezon City at Chair Amado D. Valdez said that the re- the corner of EDSA and East Avenue, part withdraw lease of the initial P1,000 this month re- of which can be converted to a high-rise quired congresisonal arrpoval, adding that building for residential and commercial $388M pensions are disbursed to banks a month use. By Philip C. Tubeza prior to their scheduled release. Valdez also said that the East Avenue Valdez said that a Commission Resolu- development will include a high-rise park- A 75-year-old Filipina was arrest- tion shall then be sent to Malacañang, for ing to help ease vehicular in the Efipanio ed by the police after she tried to the formal approval of President Rodrigo delos santos Avenue (Edsa). withdraw illegally US$50 million R. Duterte, before SSS can implement the He said that SSS continues to work SSS members (around HK$388 million) from pension hike. closely with legislators, whom he cred- Hang Seng Bank. “SSS is also guided by the Department he added. life to only until 2025. ited for acknowledging the rationale be- The tourist, with initials M. I. G., of Finance in ensuring that the implemen- The SSS chair said that Finance Secre- “Based on our actuarial valuation of the hind balancing the need to grant higher was charged with using a false in- tation of the proposed pension increase tary Carlos G. Dominguez III was keen on proposed implementation of the initial pensions with preserving the long-term strument at the Eastern Magistrates will not drive the fund to the brink of ensuring that SSS funds would last at least P1,000 hike, SSS funds are projected to viability of SSS funds for the benefit of Courts in Sai Wan Ho after she alleg- bankruptcy,” Valdez said. until 2039. last until 2032,” Valdez said. currently-paying members who are future edly used forged documents to try to “We are wary of possible criticisms for SSS funds are currently projected to last “However, we are optimistic in adding SSS pensioners. withdraw the large amount of money our support for the pension increase, and until 2042, but granting the entire P2,000 more years to our fund life, making it last “The legislators have heeded the voice from the bank. we don’t want to be seen as irresponsible,” pension increase in 2017 will shorten fund until 2050 by 2022 should SSS succeed of the people who have been clamoring The Filipina on December 22 in the innovations it plans to undertake to for the increase in SSS pensions,” Valdez asked that she be allowed to post shore up its revenues,” he added. said. bail, adding that she was willing to Among the early measures targeted by The same sentiment is shared by Pres- post a $100,000 bail and a surety of the new SSS management to strengthen ident Duterte, who understands that the $50,000. revenue intake include investing in infra- current SSS pension amounts are inad- However, Magistrate Jason Wan structure. equate to meet the financial needs of the denied her bail petition due to the These include investments in toll road country’s retirees,” he added. seriousness of the charge against her. and railway projects and securing up to SSS has been consistent in providing M.I.G.’s lawyer said the Filipina 25 percent of ownership in utility corpo- better benefits to its members and pen- was maintaining her right to appear rations. sioners while ensuring the sustainability in court again after eight days, on The agency has also tightened its moni- of the fund. December 30, to file another bail petition. However, Judge Wan noted that he would again be the presiding judge on December 30 at the Eastern courts but nevertheless set the next hearing in the case on that day. Meanwhile, the Filipina was re- manded in police custody and so she was set to spend Christmas behind prison. She had reportedly been hospital- ized after having a heart attack while in Hong Kong. Eastern Magistracy HONGKONGNEWS.COM.HK January 1, 2017 3 4 January 1, 2017 HONGKONGNEWS.COM.HK HONGKONGNEWS.COM.HK January 1, 2017 5 6 NEWS January 1, 2017 HONGKONGNEWS.COM.HK 2 Pinays almost get away with $1M By Philip C. Tubeza The two Filipino women admitted to Banking Corp. (HSBC). defrauding a 67-year-old Australian busi- Cabe was supposed to be the legal heir A District Court judge sent two Filipinas nessman of HK$940,000 from 2014 to to a fortune worth $25 million that was de- to prison after they defrauded an elderly 2015. posited in the bank. Australian businessman of nearly HK$1 “Not a single centavo was recovered “(She) produced documents to substan- million. and the defendant is not in a position to tiate the false claims,” Judge Lam said. Judge Josiah Lam on December 19 sen- pay (the victim),” the judge said. The businessman then told the Australi- tenced Lyrma T. Cabe and her accomplice, The defendants arrived in Hong Kong in an that he was “funding” Cabe because she Olivia A. Ramo, to two years and three November 2012 as tourists but then they “required money to process the claim.” months in prison for after they pleaded overstayed in the territory. But in May 2014, the Filipino business- guilty to fraud and overstaying. Judge Lam said a Filipino businessman man informed the victim that he was hav- “The fraud perpetrated was not sophis- introduced the defendants to the victim. ing some financial difficulties and so the ticated. Nevertheless, it was carried out The businessman told the victim that the victim decided to finance the women to by them with some planning and persis- women were processing an inheritance follow up the supposed inheritance. tence,” said Judge Lam. claim with the Hong Kong and Shanghai “(The victim) believed the inher- itance money story and started financing FDHs rest at the HSBC headquarters in Central (Cabe),” Judge Lam said. From May 2014 to October 2015, fallen victim to a scam and reported the support her family. the Australian gave HK$862,370 and case to the police, who arrested the de- Ramo, 40, is separated from her hus- US$11,000 to the defendants. They al- fendants on Nov. 5, 2015. band and has four children, aged 12 to 16. legedly promised him HK$4 million, and Cabe, 45, was reportedly a former Bu- She claimed that that she did not know increased it later to $6 million, if they get reau of Immigration employee in Manila. about the scam until two weeks after ar- the “$25 million inheritance” from HSBC. She claimed that perpetrated the scam riving in Hong Kong. The judge did not The Australian later realized that he had because she was “pressed for money” to believe her. ‘Expedite case vs repeat offender’ By Philip C. Tubeza cause Delos Reyes was already in jail for had more than a week to do so.” more than a week but there was still no Judge To also asked the prosecutor why A judge in Sai Wan ho has ordered prose- formal charge against him. Delos Reyes remained in custody, and not cutors to expedite the case against a Filipi- The Filipino was arrested on December released on bail, since there were still no no who again got involved in a theft case. 8 after he was allegedly caught on the spot formal charges against him.
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