Yosi Tanco takes Teddy Boy Locsin as new ATI director

Bilyonaryo Eusebio Tanco has added former Foreign Affairs Secretary Teodoro “Teddy Boy” Locsin Jr. to the board of Asian Terminals Inc.

Locsin was elected independent director of ATI on August 25.

He replaced Roberto Cecilio Lim who resigned from the board on August 3 after his appointment as Department Transportation Undersecretary for aviation.

The 73-year old Locsin is a former associate of Angara, Abello, Concepcion, Regala and Cruz Law offices, congressman of Makati, ambassador to the United Nations and journalist.

Germany raids properties belonging to Russian oligarch

German investigators on Wednesday raided properties belonging to a Russian oligarch suspected of tax evasion and breaking EU sanctions, police and prosecutors said, with sources naming billionaire Alisher Usmanov as the target.

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