Ayala Land sells P5.6-B worth of AREIT in discount block sale
Ayala Land disclosed that it sold 181 million shares of its subsidiary, AREIT, at P31.10/share which was a 7.2% discount to the previous day’s closing price......»»
Jiro Manio sells Gawad Urian trophy for ‘Magnifico’ performance on ‘Pinoy Pawnstars’
The award, which Manio won for his performance in the 2003 film 'Magnifico,' is sold to Boss Toyo for P75,000.....»»
Jiro Manio sells Urian Best Actor trophy to Boss Toyo for P75k
Former child star Jiro Manio sold his Best Actor trophy to Boss Toyo's "Pinoy Pawnstars" for P75,000......»»
Government sells P15 billion in tokenized T-bonds
The government borrowed P15 billion from the local debt market via the issuance of the peso-denominated tokenized Treasury bonds amid strong demand for the maiden offering......»»
Who wants a ‘tindesal?’
There really is no stopping chef Myke “Tatung” Sarthou. After opening four restaurants of different concepts with business partners — Chef Tatung’s Private Dining, Lore, Azadore, and New York Cubao — he is finally launching his very own on 26 October. It is called Tindeli, and you can find it at Gateway 2 mall, Araneta City, Cubao, Quezon City. Glazed barbecue. Not exactly a restaurant, Tindeli is more of a deli shop and café with a Pinoy touch. It actually got its name from “neighborhood tindahan” and “upscale specialty deli.” It combines a dining area that can accommodate a maximum of 80 people and serves quick meals, salads, sandwiches, noodles, coffee, freshly baked breads and pastries, and a deli that sells homemade sausages, particularly his smoked hamon, wood smoked bacon, tapa, tocino, paté, local cheeses, chicken galantina, longganisa and other charcuterie. It also sells bottled products, such as salad dressings, sauces and drinks. The Galantina they sell in whole chicken form at P1,600. They also slice it and use it for a sandwich or rice meal. Chef Tatung shares that “the food we serve and sell at Tindeli is custom-made for the store, thus giving it a very personal touch. We bake our own breads and pastries, we make our own sausages, longganisa and other charcuterie.” Chori Quezo with salad. All these delicious goodies are, yes, familiar and homey, yet expertly cooked and prepared for the best dining experience ever. One of the highlights of the Tindeli menu is the Tindesal sandwich, which are oversized pandesals with different fillings that remind you of your childhood baon, the kind moms used to make, such as Chicken Salad Sandwich and our longganisa in bread. “Tindesal is our way of celebrating the pandesal as a great bread for delicious sandwiches. Our Chicken Salad Tindesal, for one, is made into an open-faced sandwich topped with a generous dollop of chunky chicken, béchamel sauce and melty cheese to create a delicious blend of flavors and textures that bring back memories and at the same time create new ones,” says Chef Tatung. Galantina. Tindeli, says Chef Tatung, is “not meant to be a fancy place but a cozy spot where one can relax and chill with good homemade food and good coffee or tea — alone or with friends and family.” Chef Tatung personally handpicked the colors and the design of Tindeli. He had modern Filipino interiors done, using traditional elements of Filipino design, such as an oversized solihiya, or thin rattan woven into sunburst patterns, to give the place a homey vibe. So, with the use of terra cotta tegula roofing as wall treatment. The lively hues and elements of modern art, on the other hand, gives the Filipino deli and café a contemporary and relaxed ambiance. Lechon Baka Tindesal. From this first store at Gateway 2 mall, Chef Tatung is looking to open more Tindeli outlets in key cities around the metro and provincial areas in the next two to three years. The post Who wants a ‘tindesal?’ appeared first on Daily Tribune......»»
Evidence shows Hamas militants likely used some North Korean weapons in attack on Israel
SEOUL, South Korea — Hamas fighters likely fired North Korean weapons during their Oct. 7 assault on Israel, a militant video and weapons seized by Israel show, despite Pyongyang’s denials that it sells arms to the militant group. The video was analyzed by two experts on North Korean arms. Along with an Associated Press analysis of weapons captured on the battlefield and South Korean military intelligence, the video indicates that Hamas used the F-7 rocket-propelled grenade, a shoulder-fired weapon that fighters typically use against armored vehicles. The evidence shines a light on the murky world of the illicit arms shipments that sanction-battered North Korea uses as a way to fund its arms programs. Rocket-propelled grenade launchers fire a single warhead and can be quickly reloaded, making them valuable weapons for guerrilla forces in running skirmishes with heavy vehicles. The F-7 has been documented in Syria, Iraq, Lebanon and the Gaza Strip, said N.R. Jenzen-Jones, a weapons expert who works as the director of the consultancy Armament Research Services. “North Korea has long supported Palestinian militant groups, and North Korean arms have previously been documented amongst interdicted supplies,” Jenzen-Jones told The Associated Press. Hamas has published images of their training that show fighters with a weapon with a rocket-propelled grenade with a distinctive red stripe across its warhead, and other design elements matching the F-7, said Matt Schroeder, a senior researcher with Small Arms Survey who wrote a guide to Pyongyang’s light weapons. “It is not a surprise to see North Korean weapons with Hamas,” Schroeder said. The North Korean F-7 resembles the more widely distributed Soviet-era RPG-7 rocket-propelled grenade, with a few noticeable differences. A militant video examined by the AP shows one fighter carrying the F-7. Weapons seized by the Israeli military and shown to journalists also included that red stripe and other design elements matching the F-7. In a background briefing with journalists Tuesday, South Korea’s Joint Chiefs of Staff specifically identified the F-7 as one of the North Korean weapons it believed Hamas used in the attack. The Israeli military declined to answer questions from the AP about the origin and the manufacturer of those rocket-propelled grenades, saying the ongoing war with Hamas prevented it from responding. North Korea’s mission to the United Nations did not immediately respond to a request for comment from the AP. However, Pyongyang last week through its state-run KCNA news agency dismissed.....»»
Prosecutors reject Trump claim of ‘absolute immunity’
Federal prosecutors on Thursday rejected Donald Trump's attempt to have election conspiracy charges dismissed on the grounds that he enjoys immunity for actions he took while in the White House. "No one in this country, not even the president, is above the law," special counsel Jack Smith's team wrote in a 54-page motion filed with the judge presiding over the landmark case. Trump, the frontrunner for the 2024 Republican presidential nomination, is to go on trial in Washington in March of next year for allegedly conspiring to subvert the results of the November 2020 election won by Democrat Joe Biden. The former president's lawyers, in a motion two weeks ago to US District Judge Tanya Chutkan, argued that the charges should be thrown out because Trump is "absolutely immune from criminal prosecution." Prosecutors in the special counsel's office dismissed that argument and urged Chutkan to deny Trump's request. "He is subject to the federal criminal laws like more than 330 million other Americans," they said. "No court has ever alluded to the existence of absolute criminal immunity for former presidents. "The implications of the defendant's unbounded immunity theory are startling," they added. "It would grant absolute immunity from criminal prosecution to a president who accepts a bribe in exchange for a lucrative government contract for a family member," they said, or "a president who sells nuclear secrets to a foreign adversary." Trump's bid to invoke the presidential immunity defense is seen as a long shot by legal observers but it could result in a delay to the start of the trial as the argument potentially winds its way up to the conservative-dominated Supreme Court. Trump's attempts to use the "absolute immunity" defense in other cases have been rebuffed by judges, but the nation's highest court has never ruled directly on whether a former chief executive is immune from criminal prosecution. Trump is the first former US president to face criminal charges. 'Unsettled question' Trump's attorneys, citing a Supreme Court case involving former president Richard Nixon, said the law provides "absolute immunity" to the president "for acts within the 'outer perimeter' of his official responsibility." As chief executive, they argued, Trump had a responsibility to "ensure election integrity" and was within his rights to challenge the results of the 2020 vote. "As President Trump is absolutely immune from criminal prosecution for such acts, the Court should dismiss the indictment," they said. While making the argument that Trump cannot be prosecuted, his lawyers acknowledged the Nixon case they cited involved the civil liability of a former president and not alleged criminal conduct. "The question remains a 'serious and unsettled question' of law," they said. The case before Chutkan accuses Trump of conspiracy to defraud the United States and conspiracy to obstruct an official proceeding -- the January 6, 2021 joint session of Congress that was attacked by a mob of Trump supporters. Other criminal cases against Trump include racketeering charges in Georgia for allegedly conspiring to upend the election results in the southern state and a trial in Florida in May 2024 on charges of mishandling top-secret government documents. Trump and his two eldest sons are also currently involved in a civil fraud trial in New York for allegedly inflating the value of their real estate assets to receive more favorable bank loans and insurance terms. The post Prosecutors reject Trump claim of ‘absolute immunity’ appeared first on Daily Tribune......»»
‘We love singing’: Filipinos find joy in karaoke
At a busy tricycle terminal in Manila, driver Edgar Soriano slips a coin into a karaoke machine and belts out his favorite song while waiting for passengers. Karaoke is wildly popular in the archipelago nation where it's never too early -- or too late -- to grab a microphone and sing a tune. Machines can be found everywhere from cheap bars in far-flung villages to modern KTV joints in the cities, and many families have their own or rent one for parties. For as little as five pesos (nine US cents) a song, many in the poverty-afflicted country can experience a few minutes of joy in the day. Soriano, 53, smiles as he stands in a tiny eatery on a hot weekday afternoon singing the lyrics of British musician Albert Hammond's "When I'm Gone", which he seems to know by heart. The karaoke machine is one of six at the terminal, but drivers and passengers waiting for a ride appear unbothered by the competing songs reverberating through speakers. "I always sing that song, it's my favorite," said Soriano, wearing a long-sleeved Jordan top and tracksuit pants. After consulting a well-thumbed plastic folder of songs, street sweeper Bernardo Aguire, 67, settles on Frank Sinatra's "My Way", and pops a coin into the slot. It is a bold choice in a country where the song has reportedly gotten people killed -- allegedly because they sang it poorly. Aguire, unfazed by the stories that have become an urban legend, finishes his rendition unscathed. Felomina Hernane, 52, owns the eatery where the karaoke machine cranks up at 8:00 a.m. and doesn't stop until 10:00 p.m. or later, seven days a week. She bought the machine to attract customers and it's been a boon to earnings, bringing in as much as 18,000 pesos a month. "It's a huge help for my business," Hernane told AFP. Hernane said singing makes the drivers happy. "It entertains them," she said. "It's a way to relax after driving." 'It takes away my stress' In a crowded neighborhood in Manila, tricycles deliver karaoke machine casings to stores where they are fitted with speakers, amplifiers, and televisions. Their prices depend on the quality of the electronics inside them, with a basic machine starting at around 19,000 pesos and a premium version topping 46,000 pesos. Alfred Condez works at a store overflowing with machines in various stages of assembly. It takes several hours for employees to finish wiring one, and customers are often happy to wait. "We love singing," said Condez, 40. As if to prove his point, he picks up a microphone and stands on the footpath to test an assembled machine's sound quality, his deep voice echoing into the noisy street. The busiest period for the karaoke assembly business is November and December when Filipinos hold Christmas and New Year parties, said Condez. His shop sells as many as 10 machines a day in those months. Karaoke took off in the Philippines in the 1980s, said Krina Cayabyab, a vocal instructor and associate professor in the University of the Philippines' music department. But she said the country's love of singing was deeply rooted in its colonial past, starting with the Spanish and then the Americans, whose music was absorbed by Filipinos. "It's really tied into that reproducing and borrowing of stuff that Filipinos would hear," Cayabyab said. Singing is one of the few affordable entertainment options for many Filipinos. In a hardscrabble district of Manila, children and young adults gather outside a small store where the karaoke machine is in high demand. "My friends and I are just hanging out because it's boring at home," said Honey Servito, 24. "I'm not really a singer, it's just that when we have nothing better to do at home, my friends and I go here and sing," she said. "It takes away my stress and boredom." The post ‘We love singing’: Filipinos find joy in karaoke appeared first on Daily Tribune......»»
Britney Spears memoir says she had abortion while dating Justin Timberlake
LOS ANGELES—Britney Spears recounts in a forthcoming memoir that she had an abortion to end a pregnancy by fellow pop star Justin Timberlake while the two were dating in the late 1990s and early 2000s, according to excerpts published on Tuesday in People magazine. Spears, 41, recalled in her autobiography, “The Woman in Me,” that the pregnancy “was a surprise” but she wanted to have the baby and agreed to an abortion at Timberlake’s insistence. “I loved Justin so much. I always expected us to have a family together one day,” Spears wrote. “But Justin definitely wasn’t happy about the pregnancy. He said we weren’t ready to have a baby in our lives, that we were way too young.” READ MORE: The turbulent life of Britney Spears Had it been her decision alone, Spears wrote, “I never would have done it. And yet Justin was so sure that he didn’t want to be a father.” She described the episode as “one of the most agonizing things I have ever experienced in my life.” Representatives for Timberlake, 42, did not immediately respond to Reuters’ request for comment. Timberlake and Spears, who met as young cast members on television’s “The Mickey Mouse Club,” dated for about three years in their late teens and early 20s, becoming tabloid sensations, before splitting abruptly in 2002. Spears was questioned relentlessly in the media about her virginity, while Timberlake said he had slept with her and then wrote a song “Cry Me a River,” in which he implied she had been unfaithful to him in their relationship. In 2021, following a TV documentary about Spears that included a segment on how she was shamed in the media when their relationship ended, Timberlake publicly apologized to Spears on social media, saying he had “failed” her. Spears went on to become a mother to two sons, now aged 18 and 17, with her second husband, Kevin Federline, a singer and onetime backup dancer to whom she was married for two years. READ MORE: ‘Their goal is to make me feel like I’m crazy,’ tearful Britney Spears tells court In April 2022, Spears said she was expecting a third child with then-fiance Sam Asghari but the following month she said she suffered a miscarriage. She and Asghari wed in June 2022, but he filed for divorce 14 months later, in August of this year. Spears’ highly anticipated memoir comes.....»»
Winning $1.765bn Powerball ticket sold at liquor store in small California town – The Daily Guardia
Liquor Store in Small California Town Sells Winning $1.765 Billion Powerball Ticket Frazier Park, a quiet and beautiful town in California with a population of.....»»
SP New Energy sells controlling stake to Meralco subsidiary for P15.9-B
Meralco disclosed that its subsidiary, MGen Renewable Energy, agreed to pay P15.9 billion to SP New Energy to subscribe to 15.7 billion common shares and 19.4 billion redeemable preferred voting shares in SPNEC.....»»
Bourse unwraps shorting rules
Bourse operator Philippine Stock Exchange Inc., or PSE, issues its approval yesterday for the immediate implementation of the Guidelines for Short Selling Transactions. PSE said critical components of securities borrowing and lending, or SBL provisions were also approved. Short selling can only function with an SBL program in place. PSE announces effectivity of short selling guidelines, other relevant SBL developments. Weak market buffer PSE announced SEC’s approval of offshore collateral for SBL in May 2023 while the Bureau of Internal Revenue accepted the filing and registration of the Global Master Securities Lending Agreement, or GMSLA, in September 2023. Short selling happens when a trader borrows shares and sells them in the hope that the price will fall after, so they can buy them back cheaper. The process can help traders profit from downturns in stocks and protect themselves from losses. “We are grateful to the SEC and BIR for their approvals on important regulatory aspects of SBL and short selling. This development brings us a step closer to the full adoption and implementation of these much-awaited programs,” PSE president and CEO Ramon Monzon said. The PSE also updated the eligible securities in its short selling guidelines to include members of the PSE midcap and PSE dividend yield indices. Initially, only securities comprising the PSE index and exchange traded funds, or ETFs, were considered eligible securities for short selling. The post Bourse unwraps shorting rules appeared first on Daily Tribune......»»
Mooncake ice cream, anyone?
Mooncakes are a traditional Chinese delicacy that are enjoyed and given as a gift to friends, colleagues, family, relatives and clients during the Mid-Autumn Festival, which is now better known as the Mooncake Festival. The date changes every year because it follows the Lunar calendar. Highlight of the festival takes place on 29 September this year, but the celebration is actually longer than that. There are so many different kinds of mooncakes these days — from the traditional lotus paste to the more contemporary beans, nuts and custards, even meats. And the ultimate indulgence, the egg yolk, can be just one or as many as four or six. Shapes, too, shift from square to round, and sizes range from small, almost bite-sized, to big and for-sharing. [caption id="attachment_189648" align="aligncenter" width="525"] PHOTOGRAPHS COURTESY OF KARABELLA DAIRYSalted Egg Caramel Ube Mooncake Gelato.[/caption] But there is one form of mooncake that you have probably never tried. I have also never tried it until recently, because it is an entirely new “phenomenon” mooncake in ice cream form. Mooncake gelato. With lots of chunky mooncake bits to chew on. Yes. After successful collaborations to produce cakes and alcoholic drinks in ice cream, Karabella Dairy recently joined hands with chef Nathaniel Uy of TheHungryChef to create two flavors of mooncake gelato. Chef Nathaniel is, after all, known for his homemade, artisanal mooncakes, which he produces and sells during mooncake season. He makes exquisite flavors, including black bean mooncake, ube mooncake and coffee mooncake. [caption id="attachment_189649" align="aligncenter" width="525"] Matcha Red Bean Mooncake Gelato.[/caption] “It is really a tradition to give mooncakes during the Mid-Autumn Festival, and we wanted to be able to give mooncakes that are different but still delightful this year. We collaborated with Chef Nathaniel because we find his mooncakes very different from the ones we tried, especially the crust. The fillings are also ‘sakto to panlasang Pinoy’ and very creative, too,” said Jan Buenaflor of Karabella Dairy. Karabella already had the gelato base flavor, the brand’s best-selling Salted Egg Caramel Gelato for the Salted Egg Caramel Ube Mooncake Gelato, one of the two flavors that came out of the collaboration. Then Ericjan “EJ” Buenaflor, the gelato master of Karabella, created a new matcha base for the other flavor, Matcha Red Bean Mooncake Gelato. [caption id="attachment_189647" align="aligncenter" width="525"] Photograph courtesy of Jan and EJ Buenaflojan and EJ Buenaflor, the mother-and-son team behind Karabella Dairy, with chef Nathaniel Uy of TheHungryChef.[/caption] “We considered what flavors we could make to precisely combine with Chef Nat’s mooncakes. We first ran and tried a tiny batch to see if our salted egg and matcha would complement his mooncakes. We made several batches and tests to balance all the flavors, as we didn’t want to overpower the real flavor of Chef Nat’s mooncakes and we also didn’t want to come up with a mooncake gelato that will seem as if we just topped our gelato with mooncake,” explains EJ. The results: The salted egg in the first Mooncake Gelato flavor has its saltiness balanced by the sweetness of the caramel and the ube, so that the ingredients complement each other. The matcha in the second flavor provides a distinct and refreshing green tea flavor while the red bean paste adds a unique sweetness and textural contrast to it to make a great combo. Karabella x TheHungryChef’s mooncake gelatos are now available online. They are available in a package of one-pint Salted Egg Caramel Ube Mooncake Gelato, one pint Matcha Red Bean Mooncake Gelato, and two TheHungryChef mooncakes for P1,500. You can also buy the mooncake gelatos per pint or flavor. The post Mooncake ice cream, anyone? appeared first on Daily Tribune......»»
South Korea stages first military parade in a decade
South Korea staged its first military parade in a decade on Tuesday, showcasing its advanced arsenal in the face of plummeting ties with nuclear-armed North Korea. Pyongyang regularly puts on huge military parades but such events in Seoul are traditionally arranged every five years to mark South Korea's Armed Forces Day. The last parade was in 2013. Five years later, then-president Moon Jae-in chose to hold a celebratory ceremony instead of a military event, in line with his conciliatory approach to North Korea. Around 4,000 troops marched through central Seoul on a rain-soaked afternoon, cheered by umbrella-bearing crowds who waved South Korean flags. They were accompanied by 170 pieces of military equipment, including air and sea drones, tanks and missiles. The number of troops and pieces of equipment taking part were revised down by officials from those originally planned. A flight display by South Korean warplanes, including US-made F-35 stealth fighters, was also cancelled because of the poor weather. South Korean President Yoon Suk Yeol watched the parade from a platform, applauding troops as they marched past. "To demonstrate the strong foundation" of Seoul's alliance with Washington, around 300 US military personnel also participated in the parade. Yoon, who was elected last year, has pulled South Korea closer to the United States and the longstanding allies have ramped up defense cooperation, including large-scale drills, to counter growing threats from North Korea. During an Armed Forces Day ceremony earlier at an air base south of Seoul, Yoon hailed the expansion of US-South Korea defense ties. "If North Korea uses nuclear weapons, its regime will be brought to an end by an overwhelming response from the ROK-US alliance," he said at the base, repeating a warning the partners have issued in the past. 'Visually provocative gesture' North Korea has conducted a series of weapons tests this year despite international sanctions, including the launch of intercontinental ballistic missiles. Pyongyang has held three military parades this year alone, showing off a wide range of equipment including its largest Hwasong-17 ICBMs. The parade in Seoul "is a not-so-subtle and visually provocative gesture on the part of the South Korean government of telling (North Korean leader) Kim Jong Un that Seoul will not be backing down or looking for ways to reconcile", LMI Consulting's Soo Kim, a former CIA analyst, told AFP. South Korea is a major weapons exporter but a longstanding domestic policy prohibits it from selling arms to countries in active conflict -- such as Ukraine. South Korea has thus resisted calls to supply weapons directly to Kyiv, despite condemning the Russian invasion. However, any deal in which North Korea sells arms to Russia for use in the conflict could force South Korea to review its position on Ukraine, experts say. South Korea secured defense export deals worth $17.3 billion last year, including a $12.7 billion agreement with Poland -- a NATO member and key Ukraine ally -- for K9 Howitzers, K2 battle tanks and more. The post South Korea stages first military parade in a decade appeared first on Daily Tribune......»»
‘Regulate them’: Hard-up Indonesia traders urge TikTok sales ban
As clothing seller Hendri Tanjung struggles to hawk his tunics to Indonesian buyers outside his market shop, he says customers are turning to cheaper versions on TikTok, pummeling his income. The 35-year-old sells his wares at Tanah Abang, Southeast Asia's largest textile market, where sellers are desperately calling out to passersby. The market in the capital Jakarta is less crowded than usual, with some outlets shuttered, as many of its thousands of merchants selling products made in factories or by tailors and weavers complain about the impact of TikTok's booming e-commerce arm on their business. "We want the government to close TikTok Shop, or at least regulate them. I feel bad for my employees," said Tanjung. Indonesians spent more money on the Chinese-owned app than anywhere else in the region over the past year, as TikTok Shop rapidly gained a substantial regional market share and millions of sellers since its 2021 launch. But government ministers in Southeast Asia's biggest economy have threatened to ban the app outright because of its impact on local sellers, including those at Tanah Abang who rely on offline buyers. Tanjung said a tunic he sells at 60,000 rupiah ($3.90), can be found for 40,000 rupiah on TikTok Shop, undercutting his business. "I don't know where they source their products to sell at such low prices. Ours are our own products and we cannot sell them at that price," he said. After a daily revenue drop of more than 80 percent from 30 million rupiah ($1,948) to five million ($324) in recent months, he was forced to lay off five of his 30 employees. Laws in the archipelago nation do not cover transactions through social media platforms such as TikTok, Facebook or Instagram. But President Joko Widodo said new regulation on social media transactions could come as early as Tuesday. The draft regulation, expected to be presented soon after Widodo said Monday it was "being finalized in the trade ministry", will aim to curb what Jakarta says are monopolistic practices. Level playing field Experts say such regulation would create a level playing field for local businesses. "The key is to regulate social commerce to be on par with e-commerce and traditional offline retailers," said Nailul Huda, a researcher at the Institute for Development of Economics and Finance. "The government should enhance protection for local products by tightening regulations on imported goods and offering disincentives for imports." TikTok has criticized calls for a ban, saying it would harm Indonesian merchants and consumers. "Close to two million local businesses in Indonesia use TikTok to grow and thrive through social commerce," Anggini Setiawan, TikTok Indonesia's head of communications, told AFP earlier this month. Indonesia is TikTok's second-largest market, with 125 million users, according to company figures. It is owned by Chinese tech giant ByteDance. The country represented 42 percent of TikTok's $4.4 billion regional gross merchandise value last year, according to Singapore-based consultancy Momentum Works. TikTok's chief executive Shou Zi Chew visited Jakarta in June, pledging to pour billions of dollars into Southeast Asia in the coming years. But the market sellers want TikTok's rise restricted. Atinah, a 21-year-old who sells clothing, said she could no longer hope for high weekend sales at her shop at Tanah Abang, which used to bring in around 10 million rupiah per day. "We are happy if the government can regulate TikTok Shop since now we can only make around three million rupiah on weekends," said Atinah, who like many Indonesians goes by one name. "Buyers always compare the prices here with what they see on TikTok Shop." The post ‘Regulate them’: Hard-up Indonesia traders urge TikTok sales ban appeared first on Daily Tribune......»»
Princess Diana’s ‘Black Sheep’ sweater sells at auction for $1.1 mn
An iconic red sweater worn by Princess Diana shortly after her engagement to then-Prince Charles, featuring rows of fluffy little sheep, sold at auction for more than $1.1 million following a frenetic bout of final bidding, Sotheby's announced Thursday. The 19-year-old sported the knit garment -- which includes one black sheep amid dozens of otherwise white wooly creatures -- at a June 1981 polo match during her whirlwind days as a shy royal-in-the-making. The playfully patterned "Black Sheep" sweater became one of the most emblematic articles of clothing worn by Diana, which in hindsight seems to foretell her troubled journey as a member of the British royal family. The garment nabbed $1.1 million -- which includes fees and commission -- after a fierce battle by internet bidders. The total was over ten times more than Sotheby's initial estimate of between $50,000 to $80,000. Due to an avalanche of bids, the auction house extended the sale by several minutes, with the price leaping from $190,000 to $1.1 million in the final 15 minutes. According to Sotheby's, it is the highest price ever paid at auction for a garment belonging to Princess Diana -- eclipsing her Infanta-style ball gown sold in January for $604,000 -- as well as the most valuable sweater ever sold at auction. The sweater was created by then-little-known designers Sally Muir and Joanna Osborne and their knitting company Warm and Wonderful, which was subsequently catapulted to fame. Weeks after Diana was photographed in the top, the designers received a letter explaining that one of the sweater's sleeves had suffered damage, and asking if it could be repaired or replaced. The designers sent her a new one and had assumed the original was repaired and sent to a customer, but in March 2023 Osborne found the sweater in a small box in her attic. In addition to the sweater, the auction included the letter requesting repair, as well as a thank you note from Diana's private secretary, Oliver Everett. The sweater was so iconic that it even appeared (via replica) in the fourth season of Netflix drama "The Crown," chronicling the House of Windsor's recent history. The post Princess Diana’s ‘Black Sheep’ sweater sells at auction for $1.1 mn appeared first on Daily Tribune......»»
GSIS sells Manila property for P258 million
State-run pension fund Government Service Insurance System has sold its property in Manila for P258 million to serve as a housing project for informal settlers......»»
SBMA takes over 3 Freeport properties
Subic Bay Freeport — The Subic Bay Metropolitan Authority revealed on Tuesday that it has seized three more properties in line with the agency’s thrust to reclaim lost assets. SBMA chairman and administrator Jonathan Tan said that the agency took over two buildings from Parabion Inc. at the Cubi Triboa District of the Subic Bay Freeport Zone, adding that the area has a size of 1,176 square meters. “The company has made contractual defaults that prompted the SBMA to take over their properties. One is failure to comply with development commitments, and two for non-payment of lease rentals and common use service area fees,” he said. The company has amassed a debt in CUSA fees totaling P7,165,788.08 as of 28 July of this year. “We already sent them a final notice of default with demand to pay on 22 November last year, then we sent them a notice of pre-termination and repossession on 28 July that was served on 10 August. This is pursuant to the SBMA Board Resolution 23-07-0173 that was approved on 4 July,” Tan said. He also disclosed that the agency took over Building 8321 at the Zambales Highway, Cubi Triboa District, and Building 8359 at the Bataan Road, also in the Cubi Triboa District. Meantime, the third property that was taken over by the agency was owned by Ramphos Corporation, a company that manufactures and sells the unique amphibious ultralight aircraft. The property is a 966-square-meter portion of Bldg. 8045-C at the Subic Bay International Airport. “The company has already expired their lease agreement with the SBMA on 11 September 2020 and we already took over the area on 5 September,” Tan said. The chairman confirmed that the company has contractual defaults such as non-payment of lease rentals (building spaces), CUSA fees, ACC and SOA fees amounting P9,706,611.40 as of 28 July of this year. “We already sent them a notice of re-entry into, repossession and take-over of leased premises with demand to pay dated 22 August 2023,” Tan said. The post SBMA takes over 3 Freeport properties appeared first on Daily Tribune......»»
History on tap: Brussels serves beer museum to thirsty visitors
Sightseers who flocked to a grand reopening of the refurbished Brussels stock exchange building this weekend were invited to chase the visit down with a side order of Belgium's top tipple -- beer. The 90-million-euro ($96-million) makeover of the Bourse, once a temple to capitalism, tempted in passers-by from the cafe bars of the capital's old town. Thanks to the new "Belgian Beer World", they did not go thirsty. Belgian beer culture is listed by UNESCO as part of the "Intangible Cultural Heritage of Humanity". It is a source of pride for many locals and a big draw for tourists from around the world. But, even though beer is ubiquitous here, the Brussels scene lacked a focal point for visitors or -- if you're a jaded glass-half-full drinker -- a promotional vehicle for Belgium's vast global booze industry. Traders moved out of the 1868 neo-classical Palace de la Bourse or Beurspaleis in 2014, and the Belgian exchange has now merged with former competitors in Paris and Amsterdam to form Euronext. So, when the city refurbished the historic building, the brewers were on hand to stand their round and sponsor a fitting modern beer museum and roof top bar for their star export. - Trappist monks - On Saturday, when the refurbished Bourse reopened to the public, 11,000 people passed through to see the trading hall, and 566 -- including a tourist from as far away as Singapore -- stopped by Beer World. "A lot of interesting interactions, features that involve the participants, all the visitors," said the tourist, who gave his name as Su. "I believe that all the beer drinkers, if they wish to have a good understanding about the whole process, about the history of the beer, it's definitely a place for them to visit." Opening the center this week, Brussels mayor Philippe Close acknowledged that, beyond the culture of beer, the museum is "a way to support a huge economic sector." Belgium has at least 430 brewers, from mighty AB Inbev -- which pours a third of the planet's pints -- to tiny Trappist monasteries that sells one eagerly sought-after batch of ale per year to patient punters on a waiting list. The trade federation, Belgian Brewers, estimates that its members employ 6,900 people directly and support 50,000 more jobs in a country of only 11.5 million. Some 70 percent of Belgian beer is exported, not just to neighbours in Europe's beer-drinking north, but around the world. Tickets for the Beer World are a hefty 17 euros -- but it does get you your first drink in the rooftop bar -- with its vast selection drawn from the 1,600 types of beer the country has to offer. Belgian brewers are not as conservative as their German and Dutch neighbors. The sour, bubbly lambic and gueuze styles -- "Brussels Champagne" -- are Belgium's own, but many beers including the big brands like Jupiler or Stella Artois are based on the Czech and German Pilsner style. There are even Scotch ales in thistle-shaped glasses, allegedly introduced to entertain General Montgomery's British Second Army when it arrived in September 1944. And of course younger small-scale brewers have begun making hoppy Belgian pale ales to rival the best of the US craft beer explosion. - Great complexity - Beer World administrator Charles Leclef -- a 30-year veteran Flemish brewery operator -- told AFP that the city wanted to capture the "playful" side of the everyday tipple, not to incite heavy drinking. "We're not the biggest producer in the world, far from it, but we're perhaps the most creative, with beer of great diversity of flavor, great complexity," Leclef boasted. In the museum, visitors can wander inside a virtual fermentation tank, with immersive screens taking them inside the process of turning hops, malt, yeast and water into national pride. In Germany, the law forbids any but these four ingredients, but Belgian brewmasters are free to experiment with spices and infusions and even fruits like cherry or raspberry. Museum visitors can pull taps to signal their favorite flavors and "virtual waiters" will print out a suggestion on a beermat to be ordered later at guests' leisure. mad-lob/dc/pvh © Agence France-Presse The post History on tap: Brussels serves beer museum to thirsty visitors appeared first on Daily Tribune......»»
Iconic Freddie Mercury memorabilia sells for over £3M
The piano Queen frontman Freddie Mercury used to compose almost all of his greatest songs and the original manuscript for "Bohemian Rhapsody" were snapped up for over £3 million Wednesday when they went under the hammer in London. .....»»