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Megaworld raises P500-M selling block of MREIT at P12.30/share
Megaworlddisclosed that it sold 40,650,000 shares of its REIT subsidiary, MREIT, through a block sale transaction at a price of P12.30/share......»»
Binance ban a boon to local crypto firms
Local crypto traders are now experiencing as much as four times higher transaction volumes as investors shift their tokens from Binance......»»
Lending startup unveils credit card for Gen Zs
Technology startup firm Zed Philippines Inc. has launched a Mastercard Titanium credit card with zero interest, zero foreign transaction fees and no annual charges, aiming to roll out these cards to the market within the coming months......»»
COA denies PNP generals’ appeal on blocked P131-million fast boat purchase
The Commission on Audit upholds the findings of the Fraud Audit Office, stating that the transaction of four former police generals in 2009 violated procurement laws.....»»
REDC anchor investor buys secondary share stake
This transaction highlights the important differences between primary (new) and secondary (pre-owned) shares. In this case, had TOKAI purchased the stake in primary shares from REDC......»»
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......»»
AREIT eyes up to P9 billion additional share offering
AREIT Inc. is planning a follow-on offering or private placement of shares to boost its public float which would decrease following a major property-for-share swap transaction with its sponsor Ayala Land Inc......»»
Cebu City eyes ‘Singapore-like’ railway system to improve transport
CEBU CITY, Philippines – A Singapore-like railway system is being eyed by the Cebu City government in a bid to improve the transport system in the city. This was after Cebu City Councilor Rey Gealon, chairman of the Traffic Management Committee (TMC), penned a resolution urging the Department of Transportation (DOTr) to conduct a study.....»»
Intensify efforts against child abuse – Cebu City dad
CEBU CITY, Philippines – A Cebu City legislator urged barangays to intensify efforts against child abuse like trafficking, online, and sexual exploitation. Cebu City Councilor James Cuenco penned a resolution requesting the 80 barangays of Cebu City through the Association of Barangay Councils (ABC) to reconvene the Barangay Council for the Protection of Children (BCPC).....»»
Anti-Bullying Ordinance still at City Legal Office
A DAVAO City councilor said that they are still waiting for the decision from the City Legal Office to differentiate the terms of bullying for adults and children in the Anti-Bullying Ordinance of Davao City......»»
Attendance of 4 lawyers in Mandaue session questioned
MANDAUE CITY, Cebu — A councilor of Mandaue City is questioning the participation of four lawyers representing Mayor Jonas Cortes during the sessions of the Sangguniang Panlungsod. On Monday, March 4, different department heads including City Administrator Jamaal James Calipayan, City Budget Officer Atty. Giovanni Tianero, and Atty. August Lizer Malate, head of the Business.....»»
Slabs from dismantled Cebu City skywalks now at DPWH stockyard at SRP
CEBU CITY, Philippines – The slabs that were removed from the two dismantled skywalks along Osmeña Boulevard in Cebu City are currently kept at the stockyard of the Department of Public Works and Higways (DPWH) located at the South Road Properties (SRP). According to Cebu City Councilor Jerry Guardo, a structural engineer will be inspecting.....»»
Intensive anti-bullying campaign in schools, universities pushed in Cebu City
CEBU CITY, Philippines – Educational institutions in Cebu City have been urged to intensify efforts to combat bullying and ensure students’ safety and well-being. This appeal was contained in a resolution authored by Councilor Lorenzo Abellanosa and which members of the Cebu City Council passed during their regular session on Wednesday, February 21. Abellana crafted.....»»
Charter Day bonus for gov’t employees may be more than P25k
CEBU CITY, Philippines – Casual and regular employees of the Cebu City government may receive a Charter Day bonus exceeding P25,000. This was revealed by Cebu City Councilor Noel Wenceslao, who chairs the committee on budget and finance. In an interview over a Teleradyo program earlier this week, Wenceslao mentioned the possibility of city hall.....»»
Council to appeal March 1 as special non-working holiday in Davao City
The Davao City Council is seeking to appeal to the national government to declare March 1 as a non-working holiday in honor of Araw ng Davao, the city's founding anniversary. Councilor Al Ryan Alejandre emphasized the importance of this appeal for the people of Davao, expressing hope that the president will grant their request. This initiative comes as a response to a new bill that designates March 1 as the new founding anniversary, shifting the traditional celebration date from March 16. Despite the bill and law designating March 1 as a working holiday, the council aims to annually request Malacañang to recognize it as a non-working holiday. The appeal is intended to ensure that Dabawenyos can actively participate in the festivities. Additionally, the executive committee of Araw ng Davao is in the final stages of organizing events and activities for the celebration. Discussions have been ongoing, with plans anticipated to be finalized soon. This move reflects the council's commitment to honoring and celebrating the city's heritage and traditions......»»
Solo parents to get P1K monthly subsidy
The Local Solo Parents' Ordinance, recently approved by the 20th City Council of Davao City, promises a monthly subsidy of approximately P1,000 for eligible beneficiaries. Councilor Tricia Ann Villafuerte highlighted the ordinance's significance in providing vital support to solo parents and their children, as there are approximately 6,000 solo parents in Davao City. This ordinance is an adaptation of the national law, Republic Act 8972, customized to address the unique needs of solo parents in the city. It aims to meet the essential needs of mothers and their children, including school supplies, consultation, laboratory diagnostics, and financial assistance, such as medical, death, and burial aid. Additionally, solo parents will receive a monthly monetary subsidy of P1,000 and are entitled to a 10 percent discount on select basic commodities, similar to senior citizens and Persons with Disability (PWD). To qualify for the benefits, applicants must submit necessary documents and meet specific criteria, while disqualification grounds include changes in civil status and provision of necessary assistance by the other biological parent as per the Family Code of the Philippines. It's important to note that individuals under the Pantawid Pamilyang Pilipino Program (4Ps) are ineligible for the Local Solo Parents' Ordinance......»»
Cebu City Council slashes Rama’s proposed P100B budget to P25B
CEBU CITY, Philippines — Cebu City Mayor Michael Rama’s proposed P100 billion budget for 2024 was reduced to P25 billion by the City Council, which overrode the mayor’s veto. Councilor Jocelyn Pesquera, vice chairperson of the council’s Committee on Budget and Finance, confirmed the decision on Wednesday, Jan. 24, emphasizing that all provisions in the.....»»
Al-ag proposes to repeal ordinance requiring delivery riders biz permits
Davao City Councilor Bernie Al-ag has proposed the repeal of an ordinance that requires delivery riders to obtain business permits. The ordinance in question, City Ordinance 0612-21 series of 2021, classified delivery riders as independent service contractors, mandating them to apply for business permits. However, a joint memorandum circular issued by various government agencies exempts individuals providing personal services, including delivery riders, from securing business permits. Al-ag emphasized that the city government must adhere to the guidelines set forth in the memorandum. While the proposed repeal is pending, Al-ag advised delivery riders to comply with the existing ordinance. He expressed confidence in the passage of the repeal, citing the solid basis provided by the joint memorandum. Despite a group of delivery riders seeking an audience with Davao City Mayor Sebastian Duterte on the matter, Al-ag's proposal was drafted in response to a separate petition. He clarified that the repeal is not about monetary collection but aligning with national law, which exempts delivery riders from obtaining business permits. Al-ag remains optimistic about the repeal's approval, pointing to the support provided by the joint memorandum as a strong foundation for his proposal......»»
Marcos- Philippines will not lift a finger to help ICC drug-war probe - BenarNews
Marcos: Philippines 'will not lift a finger' to help ICC drug-war probe BenarNews.....»»
Ex-Philippines President Duterte summoned for probe into grave threats
Ex-Philippines President Duterte summoned for probe into 'grave threats' Anadolu Agency - English.....»»