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Aboitiz Equity Ventures closed transaction to acquire 40% interest in Coca-Cola PH
The takeover of Coca-Cola Beverages Philippines Inc. by Aboitiz Equity Ventures and Coca-Cola Europacific Partners has closed upon completion of “all conditions precedent” to the transaction......»»
Portion of Osmeña Blvd. closed due to skywalk removal
CEBU CITY, Philippines —A portion of Osmeña Blvd. was ‘temporarily closed’ from the corner of Fuente Osmeña Circle to the Arlington Pond intersection starting Thursday, Feb. 15, 2024. This closure is due to the presence of concrete cracks and falling debris from the Fuente skywalk, as the contractor is removing roofings and railings. With the.....»»
DCWD offices closed on February 9, 2024
DCWD offices closed on February 9, 2024.....»»
Section of Devon Road in New Plymouth closed following serious crash
Emergency services are responding to a serious crash on Devon Road in New Plymouth.The crash was reported to Police at 7.10pm and involved several cars.Devon Road is closed between De Havilland Drive and Corbett Road, including access to Airport Drive/New Plymouth Airport.At this stage there is no information regarding injuries but an update will be provided as soon as that information is available.....»»
Livelihood aid distributed to closed season-affected fishers
Livelihood aid distributed to closed season-affected fishers.....»»
Delivery drivers urge Mayor Baste for business permit exemption
Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»
NEDA cuts PHL additional rice import for 2016 by 25%
By Leslie D. Venzon MANILA, Dec. 17 (PNA) — The government will reduce by roughly one-fourth its planned additional volume of rice imports for the first semester of 2016 meant to boost........»»
Baciwa-PrimeWater vows to deliver additional water supply
Baciwa-PrimeWater vows to deliver additional water supply.....»»
Executive dep’t proposes additional budget of P963M
Executive dep’t proposes additional budget of P963M.....»»
Basilan receives additional troops
Basilan receives additional troops.....»»
Recto: Government no plans of imposing additional taxes
Recto: Government no plans of imposing additional taxes.....»»
US provides additional P28M to strengthen environmental law enforcement in Palawan
US provides additional P28M to strengthen environmental law enforcement in Palawan.....»»
FACT CHECK | Self-proclaimed ‘Son of God’ Pastor Apollo Quiboloy indicted in the US in 2021, not 2018
MindaNews fact-checked the claim made by Pastor Apollo Quiboloy, founder of the Kingdom of Jesus Christ, The Name Above Every Name, that he and his lawyers have been waiting for the start of his trial for sex trafficking and other crimes in the United States (US), but that the courts have always postponed it since […].....»»
Geeks On A Beach: PH startups eyeing $1-billion in funding deals this 2023
Startups in the Philippines have quietly won $1-billion in total funding deals for two straight years in a row in 2021 to 2022, and there are indications they could continue the winning trend. New funding deals may yet to be clinched at the Geeks On A Beach (GOAB) international conference on November 22 to 24 […].....»»
Serious crash near Helensville closes busy road
Police are responding to a serious crash in South Head, Auckland.The crash between two vehicles near the intersection of Evans Road and South Head Road was reported at about 9.51am.Three people were injured in the crash and transported to hospital, one in a serious condition, two others in a moderate condition.The crash has closed South Head Road in both directions.Traffic management is in p.....»»
LTO eyes cameras vs busway violators
The Land Transportation Office would use the closed-circuit television cameras of the Metropolitan Manila Development Authority to enforce a no-contact apprehension of motorists using the EDSA busway without authorization, an LTO official said yesterday......»»
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......»»
MCWD eyes additional Board members from other LGUs
CEBU CITY, Philippines — The MCWD might include more members on its Board of Directors coming from other LGUs being served by the agency. The new members would represent the other highly-urbanized cities, including five municipalities under Cebu Province. In a press statement on Jan. 24, the MCWD board members said that they are ‘considering.....»»
Historically low valuation
The Philippine stock market bloodbath over the past two years saw the PSEi plummet from 7,122.6 on the last trading day of 2021 to 6,566.4 on the last trading day of 2022 for a 7.8 percent annual retreat and slide even further in 2023 to close at 6,450.0 on the last trading day of the year. In terms of valuation, the PSEi’s 2023 year-end 12.9x price-to-earnings (P/E) ratio does not fare well when compared against its past performance in prior years......»»
PSSO warns anew vs building structures atop dikes, coastal road
The Davao City Public Safety and Security Office's (PSSO) Coastal Road and Davao River Monitoring Team has issued a renewed warning to Dabawenyos against constructing buildings on top of dikes and along the coastal road. This caution follows the dismantling of 334 illegal structures from October 2020 to the third week of January 2023. PSSO Head Angel Sumagaysay emphasized that these structures, including house extensions, kitchen extensions, cages, and sala extensions, are typically found atop or attached to dikes and gabions near the Davao River. Recent operations in the Talomo District involved the removal of a hut at Purok 8 Iñigo, Matina Pangi, and a reconstructed fisherman's kiosk at the Punta Dumalag section of the Coastal Area. Sumagaysay highlighted that the PSSO collaborates with barangays to identify and address illegal structures, and owners are given the choice to self-demolish or have the PSSO carry out the demolition. Sumagaysay stressed that illegal structures on dikes and gabions pose risks to the structure's integrity, potentially leading to increased flooding and related issues. He urged residents living near the river to refrain from constructing any form of extension or additional structure on the dikes, emphasizing the need to preserve their stability to prevent flooding and overflow. The PSSO does not have a specific target number of structures to dismantle, but rather identifies them during monitoring and inspection, working in coordination with barangays and purok leaders. Sumagaysay hopes that the public comprehends the purpose behind these dismantling efforts, emphasizing the importance of safeguarding the dikes to mitigate flooding risks......»»