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PSE approves listing of GSIS-owned Alternergy preferred shares
Alternergy disclosed that the PSE has approved its application to list the 100 million preferred shares that it sold to the Government Service Insurance System at a price of P14.50/share......»»
CLI approves issuance of P5 billion preferred shares
Cebu Landmasters Inc., the listed property developer focused in the Visayas and Mindanao regions, will issue five million Series A preferred shares to raise up to P5 billion......»»
Local execs reaffirm support for activities of Army engineering unit
Local officials reassured support for the development initiatives of the 549th Engineering Combat Battalion on Saturday, a day after its new commander assumed leadership of the unit, involved in rehabilitation projects in conflict-stricken Moro-dominated towns......»»
NEDA approves 23 new priority infrastructure projects
The National Economic and Development Authority Board has approved the inclusion of 23 projects in the list of infrastructure flagship projects to be prioritized under the current administration, bringing the total cost to P9.14 trillion......»»
FDA approves a drug to treat severe food allergies, including milk, eggs and nuts
The US Food and Drug Administration (FDA) has recently approved a groundbreaking new drug called Xolair, developed by Genentech, to treat severe food allergies. This.....»»
Marcos Jr. vows to fund coconut export program
President Marcos has vowed to provide funding for a Philippine Coconut Authority program that aims to plant 100 million coconut trees by the end of his term to reach the goal of making the Philippines the number one coconut exporting country in the world......»»
Metrobank eyes return to offshore debt market
Metropolitan Bank & Trust Co. is returning to the offshore debt market to raise at least $500 million to diversify the bank’s funding sources and support its operations......»»
‘Imee budget realigning led to millions not receiving 4Ps’
Nearly 4.3 million poor Filipinos were deprived of cash aid under the government’s Pantawid Pamilyang Pilipino Program in 2023 after Sen. Imee Marcos realigned the 4Ps funding of P13 billion in the national budget to another social amelioration program, a member of the House of Representatives said yesterday......»»
More funding to Hawke s Bay and Tairwhiti
Urgent work to clean-up cyclone-affected regions will continue, thanks to a $63 million boost from the Government for sediment and debris removal in Hawke's Bay and Tairwhiti. .....»»
Maynilad considering a $300-M pre-IPO investment round before it goes public in 2025
Bloomberg is reporting that Maynilad Water Services, the “West Zone” water concessionaire owned by Metro Pacific Investments and DMCI, is “considering” raising a US $300 million (~P16.9 billion) “funding round” before it goes public on the PSE in 2025......»»
The Equalizer
Albay 2nd District Rep. Joey Sarte Salceda is taking up the cudgels for over 28 million disadvantaged Filipinos – the 15 million solo parents, 12 million senior citizens and 1.5 million persons with disability......»»
Disney+ Loses 1.3 Million Subscribers After Price Hike
Disney+ has seen a decline in its subscriber base by 1.3 million following a price increase implemented in the final quarter of 2023 while being able to mitigate losses by a noteworthy $300 million. During the Q1 FY24 Earnings Call, Disney revealed that Disney+ witnessed a drop from 112.6 million subscribers on September 30, 2023, […].....»»
SPNEC seeks funding boost for world’s biggest solar farm
Manuel V. Pangilinan-led SP New Energy Corp. is looking to bring in partners, particularly foreign investors, to help finance the development of the P200-billion Terra Solar development in Nueva Ecija and Bulacan, which will become the world’s largest solar project once completed......»»
India: Laws Misused to Crack Down on Peaceful Dissent
(New York) - India's Bharatiya Janata Party (BJP)-led government is using abusive foreign funding laws, trumped-up financial investigations, and other means to unlawfully attack civil society groups, Human Rights Watch said today. The arbitrary use of the Foreign Contribution Regul.....»»
ROW process for Mindanao railway underway
The government is focused on securing right-of-way for the Mindanao Railway project for the meantime as it has yet to find a new funding source for the infrastructure......»»
Gaza: Suspending UNRWA Aid Risks Hastening Famine
(New York) - Governments should continue funding the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), given its vital role in averting a humanitarian catastrophe and the risk of famine in the Gaza Strip, while the agency investigates allegations that 12 of its staff were involved in the Hamas-led October 7.....»»
UN to punish staffers involved in ‘terror,’ urges UNRWA funding — Guterres
NEW YORK (Reuters) -United Nations Secretary-General Antonio Guterres vowed on Sunday to hold to account “any U.N. employee involved in acts of terror” after allegations that some refugee agency staffers were involved in the Oct. 7 Hamas attacks on Israel. But Guterres implored governments to continue supporting the U.N. refugee agency for Palestinians (UNRWA) after.....»»
2 soldiers dead, 4 wounded in Philippine clash
MANILA, May 13 (Xinhua) -- Two soldiers were killed and four others wounded in a clash with rebels in Kalinga province in the northern Philippines, the military said Monday. The military said the troops were under a combat operation on Sunday in a town in the landlocked province, where they clashed with a number of New People's Army (NPA) rebels. The NPA rebels have been fighting against the government tr.....»»
2 soldiers dead, 4 wounded in Philippine clash
MANILA, May 13 (Xinhua) -- Two soldiers were killed and four others wounded in a clash with rebels in Kalinga province in the northern Philippines, the military said Monday. The military said the troops were under a combat operation on Sunday in a town in the landlocked province, where they clashed with a number of New People's Army (NPA) rebels. The NPA rebels have been fighting against the government tr.....»»
TikTok to start labeling AI-generated content as technology becomes more universal
TikTok will begin labeling content created using artificial intelligence when it’s been uploaded from outside its own platform in an attempt to combat misinformation. “AI enables incredible creative opportunities, but can confuse or mislead viewers if they don’t know content was AI-generated,” the company said in a prepared statement Thursday. “Labeling helps make that context.....»»