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CLI secures PCC approval for JV with Singapore builder
Property developer Cebu Landmasters Inc. has received approval from the antitrust body to proceed with its joint venture with a Singapore-based builder for the construction of high-end residences in Cebu City......»»
First power privatization under President Marcosgets PCC nod
The country’s antitrust agency has cleared the first power privatization project under the Marcos administration as the deal is unlikely to reduce competition in the market......»»
PCC clears Aboitiz purchase of local Coca-Cola company
The Philippine Competition Commission has cleared the Aboitiz Group’s acquisition of Coca-Cola Beverages Philippines Inc., paving way for the closing of the transaction by the end of the month......»»
Companies State it Takes More Than 6 Months to Fill Cybersecurity Positions
The latest Kaspersky survey found that 48% of companies require over half a year to find a qualified cybersecurity professional. A lack of proven experience was cited as one of the biggest challenges, along with the high cost of hiring and global competition in talent acquisition. With global labor markets continuing to clamor for InfoSec […].....»»
Capital One to Acquire Discover for $35 Billion in Merger of Major US Credit Card Companies
Capital One Financial has announced plans to purchase Discover Financial Services in a landmark deal valued at $35 billion. The acquisition, which will be an.....»»
CCS approves Rs 19,000 cr mega Indian Navy deal for BrahMos missiles
By Ajit DubeyNew Delhi [India], February 22 (ANI): In a mega boost for the Indian Navy, the Cabinet Committee on Security has cleared the acquisition of over 200 BrahMos extended-range supersonic cruise missiles for deployment on its warships. The deal worth around Rs 19,000 crore was cleared in a meeting held on Wednesday evening, top government sources told ANI. The contract is set to be signed in the first week of Marc.....»»
CCS approves Rs 19,000 cr mega Indian Navy deal for BrahMos missiles
By Ajit DubeyNew Delhi [India], February 22 (ANI): In a mega boost for the Indian Navy, the Cabinet Committee on Security has cleared the acquisition of over 200 BrahMos extended-range supersonic cruise missiles for deployment on its warships. The deal worth around Rs 19,000 crore was cleared in a meeting held on Wednesday evening, top government sources told ANI. The contract is set to be signed in the first week of Marc.....»»
Rescuers recover another body in southern Philippine landslide
MANILA, Jan. 20 (Xinhua) -- Rescuers on Saturday recovered the body of the last missing man buried in Thursday's rain-induced landslide that ripped through a mining village in Davao de Oro province in the southern Philippines, officials said. In a social media post, the municipal government of Monkayo said rescuers found the body of the 45-year-old man, the last person missing, bringing the death toll in the vil.....»»
Rescuers recover another body in southern Philippine landslide
MANILA, Jan. 20 (Xinhua) -- Rescuers on Saturday recovered the body of the last missing man buried in Thursday's rain-induced landslide that ripped through a mining village in Davao de Oro province in the southern Philippines, officials said. In a social media post, the municipal government of Monkayo said rescuers found the body of the 45-year-old man, the last person missing, bringing the death toll in the vil.....»»
Sultan suffers devastating 1st round knockout against Japanese foe
CEBU CITY, Philippines — Former world title contender Jonas “Zorro” Sultan suffered a devastating first-round knockout against Japanese prospect Riku Masuda in their undercard bout of the Jerwin Ancajas-Takuma Inoue world title bout in Tokyo, Japan, on Saturday, February 24. A stinging left straight to the body sent Sultan, who is known as a ring.....»»
Japanese boxers to add flare in Kumbati 16 slugfest
CEBU CITY, Philippines — Top-caliber Japanese boxers spice up the undercard bouts of the upcoming “Kumbati 16” fight card of the Omega Sports Promotions on January 26, 2024, at the plush NUSTAR Resort and Casino, here. The Japanese pugs will be headed by Keita Kurihara, who is on a mission to dethrone the reigning Oriental.....»»
Delivery drivers urge Mayor Baste for business permit exemption
Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»
DoubleDragon unit Hotel101 Global readies US listing
Hotel101 Global Pte. Ltd., the Singapore-headquartered subsidiary of DoubleDragon Corp., has firmed up its planned listing in the United States through a merger with a special purpose acquisition company JVSPAC Acquisition Corp......»»
Marcos creates committee to facilitate right-of-way acquisition for railway projects
Marcos creates committee to facilitate right-of-way acquisition for railway projects.....»»
Inter-agency committee formed to streamline land acquisition for nat l railway projects
The government has created an inter-agency committee to standardize the process of land acquisition for the implementation of the country’s railway projects......»»
Aboitiz completes acquisition of Coca-Cola Philippines
The Aboitiz Group’s entry into the branded consumer goods space is ready to commence with its successful acquisition of Coca-Cola Beverages Philippines Inc......»»
Aboitiz, CCEP complete Coca-Cola Beverages Philippines Inc. acquisition
Aboitiz, CCEP complete Coca-Cola Beverages Philippines Inc. acquisition.....»»
PLDT’s acquisition of Sky Cable canceled
PLDT’s acquisition of Sky Cable canceled.....»»
AREIT completes P1.2-B cash acquisition of 153-room Seda Lio resort hotel
AREIT announced that it completed the acquisition of the 153-room Seda Lio resort-hotel in El Nido from subsidiaries of its sponsor, Ayala Land......»»
Understanding the types of automobiles: What are SUVs, sedans?
CEBU CITY, Philippines—When it comes to automobiles, one of the most visually striking and functionally significant aspects is their body type. From sleek sedans to rugged SUVs and everything in between, the variety of vehicle body types on the market is vast and diverse. Do we know these types of automobiles in our market? Just.....»»