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MRC Allied board approves 10-for-1 reverse stock split
Adjusting the par value of the company’s capital stock doesn’t do anything to the finances of the company, it just adjusts the number of shares that own the company’s income and assets on a proportional basis......»»
Wage board approves P40 hike in minimum wage in Metro Manila
The increase granted is less than half of the P150 across-the-board daily minimum wage hike inching forward in the Senate and brings the minimum wage in the capital to within P140 of the P750 daily national minimum wage that labor groups are campaigning for......»»
House approves measures on salt industry, immigration reform
The proposed Philippine Salt Industry Act and the Bureau of Immigration Modernization Act, which were among the 42 priority measures of the Marcos administration awaiting the House of Representatives' final approval, finally hurdled the plenary's floor on Monday. With 287 affirmative votes, House Bill 8278, or the bill seeking to revive the country's salt industry, was passed on third and final reading. HB 8203, a measure that would allow the BI to actively pursue modernization while also seeking to professionalize its workforce, also got the blessing of the House. The House-approved bills brought to 33 the approved priority legislation of President Ferdinand Marcos Jr. and the Legislative-Executive Development Advisory Council. The Marcos administration initially had only 31 bills on its legislative agenda top list, which the LEDAC later adopted. The lower chamber, however, indicated earlier this month that it would add 11 more bills, increasing the total number of the administration's priority legislation to 42. HB 8278 classifies salt, whether unprocessed or processed, as a basic agricultural product, with all of the legal and regulatory ramifications that classification entails. The bill intends to form a Philippine Salt Industry Development Council to ensure the roadmap's uniform and integrated implementation and to advance the modernization and industrialization of the country's salt sector. It will also create a development roadmap that includes a short-term, medium-term and long-term development plan, as well as particular and priority programs and initiatives that will support and align with the roadmap. The council will establish new small-scale artisanal salt farms through the DA-Bureau of Fisheries and Aquatic Resources. Under HB 8203, no person shall be appointed to the position of immigration officer unless such person meets the qualification standards set by the BI and approved by the Civil Service Commission. The BI is part of the Department of Justice and is in charge of enforcing local immigration, citizenship and alien admission and registration rules. The measure will require the agency to maintain an Immigration Trust Fund of no more than P1.2 billion from its yearly income derived from fees, fines and penalties, which will be utilized to fund information technology projects and other modernization programs. The ITF will be governed by the board in compliance with existing government auditing standards and regulations, according to the House-approved measure. It will be split into the following components: 50 percent for modernizing the tools, workplaces and offices used by bureau employees, including capital expenditures for the construction of new structures and field offices; 30 percent for paying employee benefits; and 20 percent for furthering the professionalization of bureau employees, including training, seminars and other career advancement programs. The bills were both in accordance with the President's economic agenda. The post House approves measures on salt industry, immigration reform appeared first on Daily Tribune......»»
Petron& rsquo;s board approves plan to issue P50-b bonds
Petron Corp., the country’s lone oil refiner, plans to issue up to P50 billion worth of fixed-rate bonds as part of a capital raising program......»»
EDC board approves issuance of P5B bonds in second quarter
The board of geothermal power producer Energy Development Corp. said Tuesday it approved the issuance of up to P5 billion worth of bonds in the second quarter to finance capital expenditures......»»
US reaffirms support for Philippines sovereignty amid its tensions with China
Washington, DC [US], March 28 (ANI): US Secretary of Defence Llyod Austin has reaffirmed Washington's commitment to Manila in defending its sovereignty while criticising China's "dangerous" water cannon attack at the Philippine supply mission vessel on Saturday. In a telephonic conversation between Austin and his Philippine counterpart Gilberto Teodoro, the US Secretary reiterated the US-Philippines Mutual Defence Treaty.....»»
Contagious pertussis disease continues spreading in Philippines
MANILA, March 28 (Xinhua) -- The contagious pertussis has continued spreading in the Philippines, where it has caused at least 40 death cases, after a province near the capital region reported an outbreak of the disease. In a social media post on Wednesday night, the Cavite government posted a resolution declaring the province under a state of calamity "due to the outbreak of pertussis" after logging 36 cases an.....»»
China: PH is ‘straying down a dangerous path’
MANILA, Philippines — China continued to blame the Philippines and its ally, the United States, for the continued tensions in the disputed West Philippine Sea. In a statement on Thursday, Chinese Ministry of National Defense spokesperson Wu Qian warned that the Philippines is going down a dangerous path. READ: No letup in Chinese water cannon attacks.....»»
Philippines logs 40 pertussis deaths this year
MANILA, March 28 (Xinhua) -- Forty children have died of whopping cough, a respiratory infection also called pertussis, since this year, the Philippines' Department of Health (DOH) has reported. The DOH said in a statement on Wednesday that cases have continued to increase since the start of this year, recording 568 cases from Jan. 1 to March 16. "The total number of cases for the same period in 2023 was.....»»
Pertussis or whooping cough: 40 child deaths so far this year – DOH
MANILA, Philippines — Assistant Health Secretary Albert Domingo reported on Wednesday that as of March 16 this year, some 40 children had died of whooping cough — a respiratory infection also called pertussis. An increase in new pertussis cases nationwide had been observed nationwide, with 28 cases reported from March 10 to 16. READ: What.....»»
Philippines lodges strong protest with China over water cannon attack in disputed South China Sea
Manila [Philippines], March 25 (ANI): In the wake of accusation by the Philippines that the Chinese Coast Guard wounded three of its soldiers during a water cannon attack in the disputed South China Sea, Manila on Monday summoned Beijing's envoy to lodge its strong protest, Al Jazeera reported. The Philippines Department of Foreign Affairs, in a statement said that Manila conveyed its "strong protest against the aggressiv.....»»
One more city in Philippines declares pertussis outbreak
MANILA, March 25 (Xinhua) -- The government of Iloilo, a city in central Philippines, on Monday declared an outbreak of pertussis after it confirmed seven out of 15 reported cases, the City Disaster Risk Reduction and Management Council said. Iloilo is the third city to declare an outbreak of pertussis, or whopping cough, after Quezon and Pasig, two cities in the capital region, announced last week that they hav.....»»
Boulevard Holdings sells 1.5-B shares to ownership group
Boulevard Holdings advised that its stockholders approved a measure to increase BHI’s authorized capital stock from 17 billion shares to 18.5 billion shares, and to sell the 1.5 billion shares to a company called Puerto Azul Landn Inc., which is also owned and controlled by the Panlilio family......»»
Solon bats for expansion of motorcycle taxis outside Metro Manila
A House lawmaker has voiced his support for expanding the government's allotment of motorcycle taxis outside Metro Manila as the Land Transportation Franchising Regulatory Board is set to greenlight the participation of more players in its pilot study......»»
Stop motorcycle taxi expansion, Marcos urged
Various transport groups yesterday appealed to President Marcos to stop the expansion of motorcycle taxis in Metro Manila amid the impending decision of the Land Transportation Franchising and Regulatory Board o authorize several companies as players in the pilot study......»»
Philippines accuses Chinese coastguard of firing water cannons at supply boats
Manila [Philippines], March 23 (ANI): The Philippines has accused China's coastguard of firing water cannons at one of its supply boats in South China Sea, Al Jazeera reported. The Armed Forces of the Philippines said that BRP Cabra managed to manoeuvre and reach Unaizah May 4 to provide assistance to the Philippine supply boat, which had sustained "significant damage."According to the Philippine military, the confrontati.....»»
Philippines lodges strong protest with China over water cannon attack in disputed South China Sea
Manila [Philippines], March 25 (ANI): In the wake of accusation by the Philippines that the Chinese Coast Guard wounded three of its soldiers during a water cannon attack in the disputed South China Sea, Manila on Monday summoned Beijing's envoy to lodge its strong protest, Al Jazeera reported. The Philippines Department of Foreign Affairs, in a statement said that Manila conveyed its "strong protest against the aggressiv.....»»
One more city in Philippines declares pertussis outbreak
MANILA, March 25 (Xinhua) -- The government of Iloilo, a city in central Philippines, on Monday declared an outbreak of pertussis after it confirmed seven out of 15 reported cases, the City Disaster Risk Reduction and Management Council said. Iloilo is the third city to declare an outbreak of pertussis, or whopping cough, after Quezon and Pasig, two cities in the capital region, announced last week that they hav.....»»
Philippines accuses Chinese coastguard of firing water cannons at supply boats
Manila [Philippines], March 23 (ANI): The Philippines has accused China's coastguard of firing water cannons at one of its supply boats in South China Sea, Al Jazeera reported. The Armed Forces of the Philippines said that BRP Cabra managed to manoeuvre and reach Unaizah May 4 to provide assistance to the Philippine supply boat, which had sustained "significant damage."According to the Philippine military, the confrontati.....»»
China coastguard uses water cannons against Philippine ships in South China Sea
MANILA/SHANGHAI (Reuters) -China’s coastguard said it had taken measures against Philippine vessels in disputed waters of the South China Sea on Saturday, while the Philippines decried the moves, including the use of water cannons, as “irresponsible and provocative”. China’s actions led to “significant damage” and injury to personnel on a civilian boat hired to resupply.....»»