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Pharma CEO denies illegal marketing, unethical practices
The Bell-Kenz pharmaceutical company does not use the multi-level marketing scheme and sells medicines at a lower cost compared to other brands, cardiologist and chief executive officer Dr. Luis Raymond Go said......»»
Gold watch of richest Titanic passenger sells for $1.46M
LONDON — A gold watch found on the body of the richest passenger on the Titanic was auctioned in England for £1.17 million ($1.46 million) on Saturday. It was a record sum for an object linked to the notorious 1912 shipping disaster, said auctioneers Henry Aldridge & Son. A US buyer won the bidding war,.....»»
BPI sells shares in GoTyme Bank
The Bank of the Philippine Islands sold its 752 million common shares of GoTyme Bank Corp. to GoTyme Financial Pte. Ltd. and Giga Investment Holdings Pte. Ltd, the bank said yesterday......»»
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......»»
MGen completes takeover of SPNEC
MGen Renewable Energy Inc., a subsidiary of Manila Electric Co., has completed its P15.9- billion investment in SP New Energy Corp.......»»
San Miguel board approves P20-B bond issuance
San Miguel disclosed that its board of directors has approved a P20 billion issuance of fixed-rate Peso-denominated bonds......»»
DSWD-Davao raises child feeding budget to P21
The Department of Social Welfare and Development-Davao Region (DSWD-Davao) has increased its budget for the Supplementary Feeding Program to P21 per child, up from the previous P15 allocation. Kyla Denise T. Pamat, a nutritionist dietician at DSWD-Davao, shared in a radio interview on Davao City Disaster Radio (DCDR) on January 26, 2024, that the enhancement is a result of a budget insertion in 2023. The 13th cycle targets 122,400 children in Davao Region, with five local government units (LGUs) already initiating the feeding program, while others are in the procurement process. The program focuses on children aged two to four in child development centers and supervised neighborhood places, providing hot meals (rice and viand) for 80 days and alternative meals (pancake, nutribun, and fruit salad) for 40 days during the 120 feeding days. Additionally, selected LGUs with a prevalent number of underweight children receive milk feeding for the entire duration. The 12th cycle showed an 82.27 percent improvement in the weight of underweight children, reducing their number from 4,567 to 784 after the 120 feeding days. Pamat highlighted its alignment with Republic Act 11037, also known as the Masustansyang Pagkain Para sa Batang Pilipino Act, and encouraged LGUs, communities, and parents to support the program for continuous improvement......»»
T-bills, T-bonds rates up after inflation uptick
Yields for the government’s short and long-term securities picked up across the board after inflation accelerated for the second straight month......»»
Reissued T-bonds fetch higher rates
The reissuance of the government’s long-term securities fetched higher rates amid expectation of faster inflation in March that likely breached the target of the central bank......»»
Third retail bond issue eyed in Q1
The government will borrow from small creditors in the first quarter as the Marcos administration sets its third offering of retail Treasury bonds in a bid to boost state coffers and finance various projects......»»
Lotto results for April 9, 2024
EZ2/LVM - 6 28 SUERTRES - 2 9 6 6D Lotto - 0 6 8 1 3 8 6/42 Lotto - 28 37 6 5 12 18 P24,266,104.00 6/49 Super Lotto - 16 27 29 47 33 4 P15,840,000.00 6/58 Ultra Lotto - 28 57 34 17 35 19 P59,695,583.00.....»»
MMDA enforcer probed for extortion
A Metropolitan Manila Development Authority traffic enforcer is under investigation for allegedly extorting P15,000 from a motorist along Luzon Avenue in Quezon City on March 15......»»
Lotto results for march 6, 2024
EZ2/LVM - 30 21 SUERTRES - 4 1 1 4D Lotto - 2 7 2 2 6/45 Mega Lotto - 6 15 37 11 35 33 P15,808,068.00 6/55 Grand Lotto - 24 22 20 5 25 28 P107,449,255.00.....»»
Lotto 6/42 P15M leap day draw jackpot won by lone bettor
MANILA, Philippines — A lone bettor became the 7th winner of the Lotto 6/42 in February with the additional day of the leap year proving to be an auspicious one for the one who bagged the P15 million jackpot on that day’s draw. The lone bettor managed to guess correctly the winning combination 05-21-03-33-30-41 on.....»»
Superlotto 6/49: Lone bettor wins P64.1M jackpot
MANILA, Philippines — A lone bettor won the SuperLotto 6/49 jackpot worth P64.1 million on the Thursday night (February 15) draw, said the Philippine Charity Sweepstakes Office (PCSO). The bettor got correctly the winning numbers 19-10-08-24-20-13. Winning combination The prize of SuperLotto 6/49 will revert to the minimum guaranteed jackpot of P15,840,000 for the next.....»»
Lotto results for January 18, 2024
EZ2 - 20 26 SUERTRES - 9 1 5 6D Lotto - 7 8 3 4 0 0 6/42 Lotto - 41 8 6 3 10 4 P23,352,786.00 6/49 Super Lotto - 32 42 1 4 10 2 P15,840,000.00.....»»
GOCC dividends surge to P88.6B - The Manila Times
DIVIDEND remittances from state-owned firms have ballooned to almost P89 billion just a little over four months into 2024, Finance Secretary Ralph Recto said on Monday. The government was said to have collected P88.6 billion from 47 government-owned and -controlled corporations (GOCCs) as of May 6, 11 times higher than the P8 billion recorded during the same period last year. "These dividends form a major source of n.....»»
A glance at government s windfall from SMC’s NAIA takeover
The winning bid of the San Miguel Corp.-led consortium for the Ninoy Aquino International Airport translates to a government revenue share of P911.1 billion over a 25-year period, significantly higher than the other bidders’ revenue share offer of between P342.1 billion and P416.9 billion over the same period......»»
The challenges and opportunities of listing bonds in the Philippines
It is definitely much easier for Philippine Stock Exchange-listed companies to list on the bond exchange, because the internal corporate clean-up and housekeeping that companies undergo before listing on the PSE already suffice as prerequisites to listing on the bond exchange. Similarly, the public disclosures made by PSE-listed entities already satisfy the PDex-imposed requirements before a company can list on the bond exchange......»»
The challenges and opportunities of listing bonds in the Phl
Several years ago, I got a request from a certain Bangko Sentral ng Pilipinas Monetary Board member to visit me in my office and get an update on the state of the Philippine capital markets......»»