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Philippines suspends over 130 officials over rice sale scandal
MANILA, March 4 (Xinhua) -- The Office of the Ombudsman has ordered the preventive suspension of the National Food Authority (NFA) head and 138 other officials and employees for their alleged involvement in a sale of rice buffer stock, Philippine Agriculture Secretary Francisco Tiu Laurel said Monday. Laurel said the order started Monday while an investigation is underway to see if the accusations are true......»»
Philippines suspends over 130 officials over rice sale scandal
MANILA, March 4 (Xinhua) -- The Office of the Ombudsman has ordered the preventive suspension of the National Food Authority (NFA) head and 138 other officials and employees for their alleged involvement in a sale of rice buffer stock, Philippine Agriculture Secretary Francisco Tiu Laurel said Monday. Laurel said the order started Monday while an investigation is underway to see if the accusations are true......»»
Ombudsman suspends NFA execs amid cheap rice sale probe
Agriculture Secretary Francisco Laurel said that the Department of Agriculture has implemented the Ombudsman's preventive suspension order for the officials allegedly involved in the “improper” sale of rice buffer stocks......»»
PLDT, ABS-CBN call-off P6.75-B SkyCable deal
PLDT and ABS-CBN “mutually decided not to proceed with the sale of Sky Cable to PLDT under the sale and purchase agreement signed by and among the parties in March 2023.”.....»»
‘Stop sale of highly toxic mercury-added skin lightening products’
‘Stop sale of highly toxic mercury-added skin lightening products’.....»»
Globe gets P1.5 billion from tower sale
Wireless giant Globe Telecom has received P1.5 billion from its tower sale with PhilTower Consortium Inc., pumping in additional cash to pay for capital expenditures and maturing debts......»»
AbaCore raises P200 million from asset sale
Listed holding company AbaCore Capital Holdings Inc. has raised P200 million from the sale of another Batangas property......»»
Vista Land $2-B bond sale withdrawn due to lack of interest
Bilyonaryo reported that Manny Villar’s Vista Land and Lifescapes is walking away from its bond sale due to lack of investor demand......»»
ABS-CBN clarified PCC has not completed its review of broadband business sale to PLDT
ABS-CBN clarified that the Philippine Competition Commission has not completed its review of the proposed P6.8 billion sale of Sky Cable’s broadband business to PLDT......»»
CAMPI lauds tariff break to more EVs
“CAMPI will support the regular review of EO 12 so that we can leverage this temporary measure toward achieving the EV penetration targets under the Comprehensive Roadmap for the Electric Vehicle Industry.”.....»»
Marcos targets 10-fold increase in tourist arrivals for Philippines
The administration of President Ferdinand Marcos Jr. plans on increasing the country's tourist arrivals by 10-fold as the Philippines aims to become the region's next "tourism behemoth.".....»»
POC targets 25 for Paris
POC president Mayor Bambol Tolentino said yesterday he expects a delegation of about 25 athletes to represent the country at the coming Paris Olympics with more qualifiers from boxing, golf, judo, cycling, swimming, athletics, skateboarding, gymnastics and weightlifting tipped to bolster the current pool of 12......»»
Biggest stand-alone MerryMart store opening in July
Tycoon Edgar “Injap” Sia II’s MerryMart targets to open its largest stand-alone full-sized supermarket in July......»»
Instagram Targets Accounts Who Only Repost Other User’s Content in New Algorithm Change
Instagram announced in a blog post a series of algorithm changes that targets accounts who repost content as the new algorithm significantly impacts the reach of content aggregator accounts. This comes as Instagram’s content recommendation has always favored established accounts with large follower counts, often pushing content aggregators to the forefront. These accounts typically repost […].....»»
Government targets 600,000 MT salt production in five years
The government aims to produce 600,000 metric tons of salt in five years with the passage of Republic Act (RA) 11985 or the Philippine Salt Industry Development Act......»»
Podot optimistic for interim, world title shot for Suganob this 2024
CEBU CITY, Philippines — PMI Bohol Boxing Promotions’ top honcho Floriezyl Echavez Podot targets the World Boxing Organization (WBO) interim title or perhaps a world title shot for his prized ward, Regie “Filipino Phenom” Suganob, before the year ends. This was after, Suganob put on a stunning performance on Tuesday, April 30, against the visiting.....»»
Senate targets passage of 20 Marcos’ priority bills in May
“Four of the 20 measures are nearing enactment into law already. The rest are for bicameral committee approval, for second and final reading approval, or awaiting committee approval,” Zubiri said in a statement issued ahead of the resumption of sessions on Monday. .....»»
Beating the housing finance conundrum
Despite the valiant efforts of our secretary for housing, we have failed by a long shot to meet our housing targets for the year......»»
SMC eyes P20 billion fixed bond offer
Diversified conglomerate San Miguel Corp. targets to offer in June fixed-rate bonds in a bid to raise P20 billion......»»
PSE stays hopeful on targets despite market slowdown
The Philippine Stock Exchange Inc. (PSE) remains optimistic on its target amount of capital to be raised in the bourse this year as well as the number of initial public offerings (IPO) despite recent market slowdown......»»