We are sorry, the requested page does not exist
Australia s reputation among Pacific neighbours weakening
From carrying the Coalition's AUKUS pact to supporting Israel's self-defence initiative, Labor's reputation is souring among voters. Bilal Cleland reports.ASIA IS SENSITIVE to memories of the White Australia Policy, the f.....»»
King Charles, leaders offer support to Princess of Wales after cancer announcement
LONDON — Britain’s King Charles, political leaders, and the US White House offered support to Kate, Princess of Wales, after she said tests following abdominal surgery showed cancer had been present and she was undergoing preventative chemotherapy. Buckingham Palace, on behalf of Britain’s King Charles “His Majesty (HM) is ‘so proud of Catherine for her.....»»
Gealon: Probe companies with colorum vehicles
CEBU CITY, Philippines – A citywide crackdown is being implemented against colorum vehicles or illegally operating public utility vehicles (PUVs). This after Cebu City Councilor Rey Gealon’s proposed a resolution was approved during the council’s regular session on March 20, requesting the Land Transportation Office (LTO) to conduct operations against colorum trucks operating in the.....»»
Biden to Host Japan PM Kishida, Philippines President Marcos
WASHINGTON - President Joe Biden will host Japanese Prime Minister Fumio Kishida and Philippines President Ferdinand Marcos Jr. for a White House summit next month amid growing concerns about North Korea's nuclear program, provocative Chinese action in the South China Sea and differences over a Japanese company's plan to buy an iconic American steel company.White House press secretary Karine Jean-Pierre in a sta.....»»
Biden to host trilateral summit with Japan, Philippines on April 11
Washington, DC [US], March 19 (ANI): US President Joe Biden will host a three-way summit with Japanese Prime Minister Fumio Kishida and Philippine President Ferdinand Marcos in Washington on April 11, as announced by the White House, as reported by Kyodo News. This historic summit, the first of its kind involving the United States, Japan, and the Philippines, aims to bolster defence cooperation in response to China's asse.....»»
REIT companies expand portfolio to 2.43 million sqm
The country’s real estate investment trust companies have grown their total portfolio coverage to 2.43 million square meters in just three years since the first REIT was launched in 2020, according to Leechiu Property Consultants Inc......»»
DoJ probing subcontracting ‘swindle’
The Department of Justice will look at the circumstances regarding the filing of multiple counts of swindling against corporate officials of a global telecommunications equipment firm. The DoJ will review the 29-page complaint recently lodged before the National Prosecution Office against eight Manila-based Ericsson Telecommunications Inc. officials. The officials are facing estafa charges for allegedly refusing to pay local subcontractors some P54 million covering 32 completed projects in Luzon alone. The “swindled” Filipino subcontractors completed various technical works involving system integration, structured cabling, civil works, and electrical services for a long list of projects in malls, hospitals, business centers, and schools from 2020 to 2023. The DoJ expressed determination to resolve what appears to be a common practice by foreign investors who take advantage of Filipino subcontractors. The department reminded foreign entities to comply with Republic Act 5455, which requires companies owned in whole or in part by foreigners to contribute to the sound and balanced development of the national company on a self-sustaining basis. The DoJ also warned that abusive foreign investors would be held civilly and criminally accountable. Respondents in the criminal case were foreign corporate bosses Martin Wiktorin, Jesmin Ehsan, Johan Kvist and Wee Tiong Ng. Estafa charges were also filed against Emerson Clemena, Jose Michael Hernal, Charis Heidi Ibarra and Roderick Reodica — all holding office at Ericsson’s Bonifacio Global City office in Taguig City. The government does not condone foreign business companies taking advantage of Filipino subcontractors. The post DoJ probing subcontracting ‘swindle’ appeared first on Daily Tribune......»»
Youth backsliding on tobacco use feared
Public health advocates in the Philippines expressed growing concern on Thursday over the escalation of influence by the tobacco industry, which they say threatens the health and welfare of young Filipinos. At the launch of the 2022 and 2023 Tobacco Industry Interference Index Country Reports, the advocates warned that the downward trend of smoking in the country could be reversed, and more young people could become addicted to nicotine products if the situation is not addressed. “The tobacco industry has proven just how relentless they are in using their political and marketing machinery to assert their interests via interactions with the government,” said Rom Dongeto, convenor of the Child Rights Network and executive director of the Philippine Legislators’ Committee on Population and Development. “We need to stop tobacco companies from targeting children and youth, especially through online platforms, in the propagation of their deadly vapes and cigarettes,” he added. The 2022 and 2023 TII Index Reports found that the Philippines’ score has consistently increased over the years, indicating the increasing influence of the tobacco industry and the government’s failure to combat interference. The country’s score rose from 45 in 2017 to 54 in 2018 and 57 in 2019. At the height of the Covid-19 pandemic, scores rose to 54 in 2020 and 58 in 2021. By 2022, the country’s score was up another notch at 59 and moved up further to 60 in 2023. The post Youth backsliding on tobacco use feared appeared first on Daily Tribune......»»
Court approves Yanson matriarch’s last will disinheriting 4 children
A Bacolod City regional trial court approved the petition of Yanson Group of Bus Companies matriarch Olivia Villaflores Yanson for probate of her last will disinheriting four of her children and naming two as her universal heirs. Bacolod City Regional Trial Court Branch 44 Presiding Judge Ana Celeste P. Bernad in Special Proclamation No. 19-2771 dated 31 August 2023, said: “The last will of Olivia Villaflores Yanson is allowed probate as it complied with the formalities required by law”. Olivia, who together with her husband, the late Ricardo Yanson Sr. established Vallacar Transit Inc. in 1968 that eventually became the largest bus company in the Philippines, named her children Leo Rey and Ginnette as the universal heirs in her will. It may be recalled that on 15 April 2019, Yanson filed a petition for probate of her last will and testament, which was docketed as Special Proceedings No. 19-2771. Olivia’s four other children—Roy, Emily, Ma. Lourdes Celina and Ricardo Jr.—who are collectively known as the Yanson 4, opposed the probate of her will, saying their mother was under due and improper influence and pressure from Leo Rey and Ginnette. Judge Bernad, in her proclamation, said the oppositors to the probate process had not presented any evidence to the court that would show that there was undue influence or pressure exerted on the petitioner before or during the execution of her last will and testament. The court said the petitioner (Olivia) had shown to the court and proved that it was her personal decision to make a last will and testament and that she asked her lawyers to prepare a draft containing all the provisions she wanted. Olivia was 85 years old when she made her last will and testament and proved she was in full possession of all her reasoning faculties or her mind was unbroken, unimpaired or unshattered by disease, injury or other cause at that time. The petitioner said she knew the nature and extent of her estate and she clearly understood the importance and consequences of making a last will and testament. The petitioner signed the will in the presence of four subscribing witnesses. The will was also acknowledged before a notary public by the petitioner and the instrumental witnesses. Judge Bernad said that in considering the petition and the opposition, the court kept the pronouncements of the Supreme Court in mind and only looked at the issue of the extrinsic validity of the last will and testament of Olivia Yanson. The Supreme Court in a 2020 ruling said "the main issue which the court must determine in a probate proceeding is the due execution or the extrinsic validity of the will as provided in Section 1, Rule 75 of the Rules of Court.” It said the probate court could not inquire into the intrinsic validity of the will or the disposition of the estate by the testator. Thus, due execution is "whether the testator, being sound of mind, freely executed the will in accordance with the formalities prescribed by law." The post Court approves Yanson matriarch’s last will disinheriting 4 children appeared first on Daily Tribune......»»
SEC eases float disclosure rules
Regulator Securities and Exchange Commission, or SEC, has issued guidelines streamlining the requirements for companies seeking to raise funds in the capital market. The Commission on 12 and 21 September issued SEC Memorandum Circular 13 and 14, Series of 2023 to amend Annex C of Rule 12 of the 2015 Implementing Rules and Regulations of Republic Act 8799, or the Securities Regulation Code. Annex C of SRC Rule 12 details the non-financial information that must be disclosed in the registration statements filed with the SEC by corporations issuing securities such as shares of stock, corporate bonds, and commercial papers in order to raise capital. Part III, Paragraph A, Subparagraph 2(a) of Annex C directs a registrant to discuss its “financial condition, changes in financial condition, and results of operation for each of the last three fiscal years” under the Management’s Discussion and Analysis section of its prospectus. MC 13 clarifies that registrants are required to disclose financial information for only two comparative periods for the last three fiscal years. For instance, financial statements for the year ended 31 December 2022 must contain line items showing comparative balances only for 31 December 2022 and 31 December 2021. In addition, the financial statements must contain line items for the comparative balances only for the fiscal years ended 31 December 2021 and 31 December 2020. Risk factors required MC 14 relaxes the requirement for a registrant to provide mitigating factors in the Risk Factors section of its prospectus, making the disclosure optional. Part I of Annex C directs a registrant to provide a description of its business, including a discussion of major risks involved in the company and its subsidiaries. MC14 amends the provision by stating that “[t]he company may include disclosure of the procedures to identify, assess, and manage such risks.” Furthermore, Paragraph C, Part VI of Annex C has been amended such that “[t]he registrant may indicate measures to mitigate the risks” related to its business. Such risks include factors that make the offering speculative or risky such as the absence of operating history, lack of profit from recent operations, poor financial position, or lack of market for the registrant’s securities. “The streamlined procedures are part of the Commission’s efforts to encourage more companies to tap the capital markets for their business expansion needs,” SEC chairperson Emilio Aquino said. The post SEC eases float disclosure rules appeared first on Daily Tribune......»»
Indonesia bans goods transactions on social media platforms
Indonesia has banned goods transactions on social media platforms in a new regulation, its trade minister said Wednesday, as Jakarta aims to rein in direct sales on major platforms it says are harming millions of small businesses. Calls had grown in recent months for a regulation governing social media and e-commerce, with offline sellers seeing their livelihoods threatened by the sale of cheaper products on TikTok Shop and other platforms. Indonesia is one of the world's biggest markets for TikTok Shop and was the first to pilot the app's e-commerce arm. "Now, e-commerce cannot become social media. It is separated," Trade Minister Zulkifli Hasan told a news conference in the capital, Jakarta, adding that the trade regulation came into force on Tuesday. Hasan said social commerce platforms would have a week to comply with the new rule. "Any government would protect local small businesses," he said, describing the regulation as a way to ensure "equality in business competition". The regulation means social commerce companies are now "prohibited to facilitate payment transactions in its electronic system", according to the regulation document seen by AFP. "Social commerce can place ads like TV, but it mustn't be transactional. (They) can't open shop, can't directly sell," Hasan said, without mentioning TikTok by name. Companies that did not comply would be warned first and would finally have their license to do business in Indonesia revoked, he said. Laws in the archipelago nation did not cover direct transactions through social media platforms such as TikTok, Facebook or Instagram before the new regulation. The new regulation is yet another setback for TikTok, which has faced intense scrutiny in the United States and other nations in recent months over users' data security and the company's alleged ties to Beijing. "Other countries are banning, we don't, we're regulating," Hasan said. Indonesia is now the first country in the region to act against the platform's growing popularity in social media commerce. The ministerial-level regulation -- an amendment to a trade regulation issued in 2020 -- did not need approval by lawmakers. TikTok Indonesia said the company was "deeply concerned" about the policy, which would impact millions of sellers and creators using TikTok Shop. "We respect local laws and regulations and will be pursuing a constructive path forward," it said in a statement. Meta -- which owns Facebook and Instagram -- did not respond to a request for comment. 'Markets are quiet' Hasan appeared to confirm the companies would have to choose between separate social media and e-commerce licences. "It's clear... there are no permits for social commerce. If (they) want social commerce, please, only for promotion and ads. If (they) want to sell, there are e-commerce (permits)." The regulation also sets a minimum price of $100 for certain foreign goods bought from Indonesian sellers on e-commerce platforms, according to the regulation document seen by AFP. Some offline sellers at the Tanah Abang market in Jakarta applauded the government's decision. "The government should... dare to innovate given the current situation, where markets are quiet like this," said Stevanie Ahua, a 60-year-old wholesale denim jeans seller. She said her revenue had dropped by 60 percent in recent months as buyers turned to online shops. Others such as 29-year-old cookie baker Panji Made Agung in Bali said he was disappointed by the ban. "For sellers like me, TikTok can be used for soft selling. We can become influencers and sellers at the same time," he said. Experts said the transaction ban would hit the coffers of social media platforms such as TikTok, which takes a commission from every sale. "They will definitely incur losses," said Tauhid Ahmad, executive director of the Jakarta-based Institute for Development of Economics and Finance. Indonesia's e-commerce market is dominated by platforms such as Tokopedia, Shopee and Lazada but TikTok Shop gained a significant market share since launching in 2021. Indonesia, with 125 million users, is TikTok's second-largest global market after the United States, according to company figures. TikTok's chief executive Shou Zi Chew visited Jakarta in June, pledging to pour billions of dollars into Southeast Asia in the years ahead. The post Indonesia bans goods transactions on social media platforms appeared first on Daily Tribune......»»
AboitizPower utilities score tech win for A.I. use
An artificial intelligence-enabled software developed by Aboitiz Power Corporation (AboitizPower) distribution utilities Davao Light and Power Co. Inc. (Davao Light) and Visayan Electric Company Inc. (Visayan Electric) with Aboitiz Data Innovation Pte. Ltd. gained recognition for helping advance technology and digital transformation in the utilities industry. ADI was awarded the Philippines Technology Excellence Award for A.I. — Utilities in the Asian Technology Excellence Awards 2023 in Bangkok, Thailand for Project A.I. CU (“I see you”), a homegrown idea that began in Davao Light. The project utilizes A.I. to optically scan images of electrical installation components — like those mounted on electrical poles — and check if these align with the records of a distribution utility. After a series of pilot tests in Davao Light, the software was able to identify and tag the asset by its individual and unique compatible unit number which was manually assigned to it beforehand. Each CU represents a grouping of electrical items that a certain electrical asset is composed of. Grouping materials and categorizing assets makes it easier for distribution utilities to identify its infrastructure. Overall, verifying the accuracy of records ensures regulatory compliance, better asset management, operational efficiency, and the continued trust that a distribution utility can deliver justified and cost-effective electricity prices in its franchise area. Reduce manpower The use of A.I. to recognize CUs can also significantly reduce the need for manpower and rendered work hours, allowing team members to dedicate time and effort in other activities. Typically, trained engineers are sent to each electrical installation and visually identify each item installed. “The inspiration for Project A.I. CU goes beyond streamlining asset verification. This initiative serves as a window into how we are leveraging artificial intelligence to transform our operations, making them more efficient and smarter,” said Davao Light Meter Shop Supervisor Mark Anthony Catalan, adding that the idea for Project A.I. CU began in 2019 and was proposed to Davao Light in 2020. Catalan was joined by fellow Davao Light innovators Eric Camerino, Jeffrey Lingatong, Raquel Caro, Russel Bolivar, and Prince Yamyamin in developing Project A.I. CU in its early stages and rejuvenating the search for other possible A.I. applications in the operations of Davao Light, particularly in the aspects of safety, audit and maintenance. Proof of concept The group was able to complete an A.I. model for Project A.I. CU as a proof of concept before turning it over to ADI, the data science and A.I. arm of the Aboitiz Group. In the near future, ADI aspires to refine and scale the project for its full implementation in Visayan Electric and Davao Light. These AboitizPower subsidiaries are the second and third largest distribution utilities in the Philippines, respectively. Once fully implemented, Project A.I. CU is estimated to save both companies millions of pesos in annual operating costs. As such, ADI will also assess its potential use in other AboitizPower distribution utilities. “This award demonstrates the data-driven innovations being applied in AboitizPower and highlights the growing synergies within the Aboitiz techglomerate, which in this case is between our distribution utilities and ADI,” said AboitizPower President and CEO Emmanuel Rubio. “It also reaffirms AboitizPower’s mission of ‘Transforming Energy for a Better World’ as it continues its digitalization and innovation initiative to ensure quality service.” The post AboitizPower utilities score tech win for A.I. use appeared first on Daily Tribune......»»
AboitizPower utilities score tech win for use of A.I.
An artificial intelligence-enabled software developed by Aboitiz Power Corporation (AboitizPower) distribution utilities Davao Light and Power Co., Inc. and Visayan Electric Company, Inc. (Visayan Electric) with Aboitiz Data Innovation Pte. Ltd. gained recognition for helping advance technology and digital transformation in the utility industry. ADI was awarded the Philippines Technology Excellence Award for A.I. - Utilities in the Asian Technology Excellence Awards 2023 in Bangkok, Thailand for Project A.I. CU (“I see you”), a homegrown idea that began in Davao Light. The project utilizes A.I. to optically scan images of electrical installation components — like those mounted on electrical poles — and check if these align with the records of a distribution utility. After a series of pilot tests in Davao Light, the software was able to identify and tag the asset by its individual and unique compatible unit (CU) number which was manually assigned to it beforehand. Each CU represents a grouping of electrical items that a certain electrical asset is composed of. Grouping materials and categorizing assets makes it easier for distribution utilities to identify their infrastructure. Overall, verifying the accuracy of records ensures regulatory compliance, better asset management, operational efficiency, and the continued trust that a distribution utility can deliver justified and cost-effective electricity prices in its franchise area. The use of A.I. to recognize CUs can also significantly reduce the need for manpower and rendered work hours, allowing team members to dedicate time and effort to other activities. Typically, trained engineers are sent to each electrical installation and visually identify each item installed. “The inspiration for Project A.I. CU goes beyond streamlining asset verification. This initiative serves as a window into how we are leveraging artificial intelligence to transform our operations, making them more efficient and smarter,” said Davao Light Meter Shop Supervisor Mark Anthony Catalan, adding that the idea for Project A.I. CU began in 2019 and was proposed to Davao Light in 2020. Catalan was joined by fellow Davao Light innovators Eric Camerino, Jeffrey Lingatong, Raquel Caro, Russel Bolivar, and Prince Yamyamin in developing Project A.I. CU in its early stages and rejuvenating the search for other possible A.I. applications in the operations of Davao Light, particularly in the aspects of safety, audit, and maintenance. The group was able to complete an A.I. model for Project A.I. CU as a proof of concept before turning it over to ADI, the data science and A.I. arm of the Aboitiz Group. In the near future, ADI aspires to refine and scale the project for its full implementation in Visayan Electric and Davao Light. These AboitizPower subsidiaries are the second and third-largest distribution utilities in the Philippines, respectively. Once fully implemented, Project A.I. CU is estimated to save both companies millions of pesos in annual operating costs. As such, ADI will also assess its potential use in other AboitizPower distribution utilities. “This award demonstrates the data-driven innovations being applied in AboitizPower and highlights the growing synergies within the Aboitiz techglomerate, which in this case is between our distribution utilities and ADI,” said AboitizPower President and CEO Emmanuel Rubio. “It also reaffirms AboitizPower’s mission of ‘Transforming Energy for a Better World’ as it continues its digitalization and innovation initiative to ensure quality service.” In line with the Aboitiz Group’s Great Transformation, and as a partner in Philippine development via its power generation and distribution assets, AboitizPower is focusing its transformation in the realms of decarbonization, digitalization, and growing beyond its core business. The Company had already indicated its goal of growing its renewable energy portfolio to at least 4,600 megawatts or 50% of its generation mix by the next decade to aid the country’s energy transition to a cleaner power mix. The Asian Technology Excellence Awards was presented by Asian Business Review, a regional magazine serving Asia's dynamic business community. The post AboitizPower utilities score tech win for use of A.I. appeared first on Daily Tribune......»»
Colombia deadliest country for green activists in 2022
Environmental activist murders doubled in Colombia last year, making it the most dangerous country in the world for those trying to protect the planet, a watchdog said Tuesday. In its annual review, Global Witness named 177 land and environmental defenders who had been killed in 2022 -- from the Amazon to the Philippines and the Democratic Republic of Congo. Latin America again bore the brunt of the murders, including 39 killings across the vast Amazon rainforest, a vital carbon sink facing widespread destruction at a time when the world is grappling to curb climate change. The number of those killed has progressively decreased since a record 227 in 2020, however, "this does not mean that the situation has significantly improved," said Global Witness. "The worsening climate crisis and the ever-increasing demand for agricultural commodities, fuel, and minerals will only intensify the pressure on the environment -– and those who risk their lives to defend it," warned the London-based watchdog. While in 2021 most killings took place in Mexico, Colombia last year surged ahead with 60 deaths -- more than a third of all the murders globally. "This is almost double the number of killings compared to 2021 when 33 defenders lost their lives," said the report. Many of those targeted were Indigenous people, members of Afro-descendant communities, small-scale farmers, and environmental activists. At least five children, three of them Indigenous, were among the global tally. "Yet there is hope," said the NGO, praising efforts under new leftist President Gustavo Petro to boost protection for defenders -- a first in the country. Colombian sociologist and activist Nadia Umana, 35, fled her northern home after the murders of four colleagues, all of whom had been fighting for the return of rural lands taken over by paramilitaries. "Knowing that a colleague of yours was murdered is an indescribable pain," Umana told AFP in Bogota. Even the country's vice-president, Francia Marquez -- the 2018 winner of the prestigious Goldman environmental prize -- has faced multiple threats. In 2019, she survived an attack by gunmen who tried to kill her over her work defending her home region's water resources against mining companies. Mining, logging, farming According to Global Witness, almost 2,000 land and environmental defenders have been murdered over the past decade -- some 70 percent of them in Latin America. In Brazil, where British journalist Dom Philips and Indigenous expert Bruno Pereira were killed last year in the Amazon, a total of 34 land defenders were killed. Mexico, Honduras, and the Philippines also had high numbers. Global Witness said that while it was "difficult to identify" the exact drivers for the killings, 10 were found to be linked to agribusiness, eight to mining, and four to the logging industry. Aside from activists, state officials, demonstrators, park rangers, lawyers, and journalists are also among those who lost their lives. "All of them shared a commitment to defend their rights and keep the planet healthy. All of them paid for their courage and commitment with their lives," said the report. The post Colombia deadliest country for green activists in 2022 appeared first on Daily Tribune......»»
Court to deliver verdict on hacker behind biggest leak in football history
A Portuguese court was due on Monday to deliver its verdict on hacker Rui Pinto, whose flood of "Football Leaks" revelations exposed dirty dealings in international football. It was the biggest information leak in sports history and sparked criminal investigations in Belgium, Britain, France, Spain and Switzerland. The verdict, which has been postponed several times, was due to be delivered at a hearing in Lisbon starting at 2:30 pm (1330 GMT). Pinto, 34, is charged with 89 hacking offences, and with attempted extortion, a crime punishable in Portugal by between two and 10 years in prison. He argues he is a whistleblower, whose actions exposed underhand dealings involving top football stars, clubs and agents. Between 2015 and 2018, he shared 18.6 million documents on the internet and with a consortium of European newspapers, which published details. The revelations shook the football world. They included the salaries of Lionel Messi and Neymar, an accusation of rape against Cristiano Ronaldo, alleged financial sleight of hand at Manchester City and ethnic profiling at Paris Saint Germain. Defendant and witness Pinto is both a defendant and a protected witness in Portugal. When his trial began in September 2020, Pinto told the court he had been shocked by what he had discovered and was proud of bringing it to public knowledge. But he has admitted he used illegal means to obtain documents. His alleged victims include top Portuguese football club Sporting Lisbon, the Portuguese Football Federation, lawyers, magistrates and Doyen Sports -- a Malta-based investment fund run by Kazakh-Turkish oligarchs. Pinto was arrested in Hungary in 2019 and extradited to Portugal, where he spent a year behind bars before agreeing to cooperate with the Portuguese authorities on other cases, giving them access to encrypted documents he had obtained. The French authorities have also sought his cooperation over the "Luanda Leaks", a release of 715,000 documents providing compromising information on Angolan billionaire Isabel dos Santos, daughter of former president Jose Eduardo dos Santos. Dos Santos, once the richest woman in Africa, has faced several court cases on charges she syphoned billions of dollars from Angolan state companies during her father's four decades in office. The post Court to deliver verdict on hacker behind biggest leak in football history appeared first on Daily Tribune......»»
Filipino-Indian billionaire sought relief from DOJ
Filipino-Indian billionaire Rajiv Chandiramani has asked the Department of Justice to junk the complaint against him for multiple counts of falsification of public documents filed by his estranged brother for being “baseless, contrived, and manufactured.” Rajiv, in his 25-page counter-affidavit filed through his counsel, denied committing any falsification in order to take control of the more than P1 billion worth of properties left behind by their father Prem Chandiraman following his death in 2011. He claimed that the falsification complaint was merely resurrected by his brother to pressure him to give in to the latter’s demands for more money after their initial compromise agreement in 2022. “By re-filing the complaint for falsification of documents as against Rajiv, Amith has violated his waiver and quitclaim. In the regime of law and order, repudiation of an agreement validly entered into cannot be made without any ground or reason in law or in fact for such repudiation,” Rajiv said. Contrary to his brother’s claim, Rajiv recounted that because of his business ethics, he was able to establish a good business reputation in the business community, particularly in the Filipino-Indian community. Rajiv is the owner of Rheana’s Trading Inc., which is one of the leading domestic companies engaged in the business of buying, selling, distributing, and importing electronic products and accessories. While his older brother, according to Rajiv, got hooked on illegal drugs and was confined in several drug rehabilitation facilities. Rajiv said his brother, in 2020, was released from a drug facility and then stayed in Dubai. A year after, Rajiv claimed there were several defamatory messages against him that were being circulated among relatives, friends, and colleagues, particularly, that he had allegedly falsified several sale documents. With this, Rajiv conducted his own personal investigation and was convinced that these defamatory messages originated from Amith. “It eventually became apparent that Amith started these malicious rumors as he wanted additional monies from Rajiv and their mother,” Rajiv said. Rajiv initially sought redress before the courts by filing a complaint for damages with an injunction against Amith to prevent and dissuade him from continuously spreading malicious allegations against him. He also filed a criminal complaint for cyber libel against Amith. Meanwhile, Amith, in July 2022, filed a criminal complaint for falsification of public documents against Rajiv and their mother and several other respondents before the Office of the City Prosecutor of Makati City. He alleged that Rajiv conspired with their mother to falsify the signature of their deceased father as appearing on several sale documents. In order to end their rift and upon persuasion of family members, Rajiv said he agreed to a compromise with Amith, which led to the mutual withdrawal of the cases that were filed against each other at that time. The agreement also provides a waiver and quitclaim covering any and all potential claims or rights against each other arising from, or in connection with the cases, as well as the estate of their late father. Rajiv, as part of the consideration for the compromise agreement, bound himself to pay Amith the total amount of P150 million by way of support. Rajiv said he has been complying with his contractual undertakings in providing Amith with monthly support of Php600,000, including giving financial assistance for Amith to put up his own electronics trading business. But was surprised to learn that Amith violated their agreement by resurrecting the falsification complaint against him. Amith in his complaint, claimed that Rajiv, their mother Pushpa Chandiramani, and several others connived in depriving him of his inheritance from their father Prem, amounting to billions of pesos in the form of real estate properties and business interests. Among the properties that he claimed were illegally taken from him by Rajiv and his cohorts was a prime 1,559 square-meter lot in Cubao, Quezon City with Transfer Certificate of Title No.46459. But the camp of Rajiv maintained that the compromise agreement entered into by him and Amith is a valid and enforceable contract; thus, the latter is barred from filing a falsification of public documents complaint. “The act of Amith in re-filing or reviving the Complaint for Falsification of Documents with the NBI is a violation of the compromise agreement, and his desistance, waiver, and quitclaim undertakings,” Rajiv said. He disclosed that he has filed a formal complaint for specific performance and damages seeking to compel Amith to comply with the provisions of the compromise agreement and the waiver and quitclaim. Presently, the complaint is pending with the Regional Trial Court of Makati City, Branch 145. The post Filipino-Indian billionaire sought relief from DOJ appeared first on Daily Tribune......»»
Russian hacker draws 9 years for securities fraud
NEW YORK (AFP) — A Russian who reaped tens of millions of dollars trading US stocks using hacked, unreleased company earnings reports was sentenced Thursday to nine years in prison. Businessman Vladislav Klyushin, 42, was convicted in February of hacking and securities fraud in a federal court in Boston, where he was tried after being extradited from Switzerland in December 2021. Klyushin, who reportedly had close contacts in the Kremlin, owned a Moscow information technology firm named M-13. His firm helped partners and clients hack into the computers of two US businesses that publicly listed companies use to file official financial reports. During 2018-2020, they obtained filings from hundreds of companies on earnings and other matters, allowing them to trade the shares before the information went public, according to the Justice Department. Investing $9 million over that period, they pulled in nearly $100 million on the trades, the Justice Department said. Klyushin himself earned $34 million, in his own trades and in commissions for helping others invest. In addition to his prison sentence, he was ordered to forfeit his $34 million in profits and pay an unspecified amount in restitution for damages. The post Russian hacker draws 9 years for securities fraud appeared first on Daily Tribune......»»
China’s Huawei renews patent licensing deal with Ericsson
Chinese telecoms giant Huawei said Friday it had renewed a licensing agreement with Ericsson to use each other's technologies, in a rebuff to US warnings about the risk of espionage by Beijing. Huawei has been at the center of an intense technological rivalry between China and the United States, which suspects the company of spying for Beijing -- accusations Huawei denies. US sanctions on Huawei since 2019 have cut off the firm from global supply chains for American components and hobbled its smartphone arm, forcing it to pivot towards other forms of growth. Washington has also pressured its allies to ban the use of Huawei gear in their 5G telecoms networks, arguing that Beijing could use the equipment to spy on other countries' communications and data traffic. Despite those tensions, Huawei and Ericsson -- based in Stockholm -- have signed a "long-term" global agreement to license each other's patents, the Chinese company said in a statement Friday. The deal covers patents essential to 3G, 4G, and 5G cellular technologies as well as both companies' "respective sales of network infrastructure and consumer devices", Huawei said. The company's intellectual property chief, Alan Fan, said the agreement "demonstrates the commitment both parties have forged that intellectual property should be properly respected and protected". "Our commitment to sharing leading technological innovations will drive healthy, sustainable industry development and provide consumers with more robust products and services," he said. The previous agreement between Huawei and Ericsson was signed in 2016. Back then, Huawei was an insurgent force in the global technology sector with an eye on dethroning Apple and Samsung as the world's top sellers of smartphones. It briefly grabbed that title in 2020 but US sanctions have since clipped its wings and forced Huawei into a strategic refocus on software, connected devices, business computing, smart vehicles, and other sectors. Despite being sidelined from American technologies, Huawei could begin producing its own chips for 5G phones this year, according to media reports about which the company has refused to comment. The post China’s Huawei renews patent licensing deal with Ericsson appeared first on Daily Tribune......»»
NASA and SpaceX re-attempt launch of four crew to ISS
NASA and SpaceX will try again on Saturday to send the next crew of four astronauts to the International Space Station. Dubbed Crew-7, the mission will be commanded by American Jasmin Moghbeli and includes Andreas Mogensen of Denmark, Satoshi Furukawa of Japan, and Konstantin Borisov of Russia. Liftoff is planned for 3:27 am (0727 GMT) from Launch Complex 39A at NASA's Kennedy Space Center in Florida, with a backup opportunity on Sunday. The launch was pushed back to Saturday to give engineers an extra day to review a component of the Crew Dragon capsule's environmental control and life support system, NASA said in a blog post. It will be the first space mission for both Moghbeli and Borisov. "This is something I've wanted to do for as long as I can remember," said Moghbeli, a Naval test pilot, during a media call last month. "One of the things I'm most excited about is looking back at our beautiful planet," added the 40-year-old of Iranian heritage. "Everyone who I've talked to who has flown already has said that was a life-changing perspective -- and also floating around in space, it seems really fun." Crew-7 is set to be the seventh routine mission to the orbital platform for Elon Musk's SpaceX, with the first coming in 2020. NASA pays SpaceX for the taxi service as part of a commercial crew program that it put in place to reduce dependency on Russian rockets for astronaut transport after the space shuttle program ended in 2011. Boeing is the other contracted private partner, but its program remains mired in delays and technical difficulties. It has not yet flown any crew. Borisov will be the third Russian to fly on a SpaceX Crew Dragon capsule, fixed atop a Falcon 9 rocket. Space remains a rare area of cooperation between the United States and Russia despite Moscow's invasion of Ukraine, with Americans also continuing to fly aboard Russian Soyuz rockets that launch from Kazakhstan. The crew will spend six months aboard the ISS, where they will carry out science experiments including collecting samples during a spacewalk to determine whether the station releases microorganisms through its life support system vents. The goal is to understand if microorganisms can survive and reproduce in space. Another experiment will aim to assess the physiological differences between sleep on Earth and in space. "I'm looking forward to coping with all the tasks. This is a very interesting profession: you are preparing for something that you haven't tried yet, and you really want to do it well," said Borisov. Crew-7 will join the seven people already aboard the ISS, before members of Crew-6 leave for Earth a few days later. The first segment of the ISS was launched in 1998, and it has been continuously inhabited by an international crew since 2001. Its operations are set to continue until at least 2030, after which it will be decommissioned and crash into the ocean. Several private companies are working on commercial space stations to replace it. The post NASA and SpaceX re-attempt launch of four crew to ISS appeared first on Daily Tribune......»»
Japanese turn to wearable tech to beat the heat
Selling jackets with built-in fans, neck coolers and T-shirts that feel cold, Japanese firms are tapping into a growing market for products to help people handle the summer heat. Japan -- like other countries -- is seeing ever-hotter summers. This July was the warmest in 100 years, with at least 53 people dying of heatstroke and almost 50,000 needing emergency medical attention. Workman, which makes clothes for construction workers, launched a version of their fan-fitted jackets adapted for the high street in 2020 as demand grew. The mechanism is simple -- two electric, palm-sized fans powered by a rechargeable battery are fitted into the back of the jacket. They draw in air to then deliver a breeze -- at variable speeds -- onto the wearer's body. The jackets retail for 12,000 to 24,000 yen ($82-164). "As the weather gets hotter, people who have never worn fan-equipped clothing before want to find ways to cool down... so more people are interested in buying it," Workman spokesman Yuya Suzuki told AFP. "Just like you feel cool when you are at home with a fan, you feel cool just by wearing (the jacket) because the wind is blowing through your body all the time," he said. Aging population at risk Japanese summers are known to be hot and humid, but this July Tokyo really sweated. The average temperature was 28.7 Celsius (83.7 Fahrenheit), the highest on record since 1875. Heatstroke is particularly deadly in Japan, which has the second-oldest population in the world after Monaco. More than 80 percent of heat-related deaths in the past five years have been among senior citizens. "Some people die from heatstroke," said Nozomi Takai of MI Creations, a company selling neck-cooling tubes mainly to factory and warehouse workers. "Individuals as well as companies are putting more and more effort into measures against it every year," Takai said. The gel inside his firm's brightly colored tubes -- priced at 2,500 yen -- is cool enough to use after 20 minutes in the fridge. Wearing it on the neck will "considerably cool the whole body" for about an hour, she said. Takai's company joined an expo this year on "measures against extreme heat" in Tokyo to showcase new products that help users stay cool in the scorching heat. At another booth, Tokyo-based company Liberta had a series of clothing including T-shirts and arm sleeves using prints that make users feel cool -- especially when they sweat. The prints use materials such as xylitol that feel cool when reacting with water and sweat, they said. Chikuma, an Osaka-based company, has even created office jackets and dresses equipped with electric fans. "We developed them with the idea that it could be proposed in places where casual wear is not allowed," Yosuke Yamanaka of Chikuma said. Regular fan-fitted clothes can make the wearer look puffy, as they need to be zipped up, and cuffs are tight. But jackets developed jointly by Chikuma, power tool maker Makita and textile giant Teijin do not need to be buttoned up, thanks to a special structure that sandwiches the fans in two layers and keeps the cool air in, Yamanaka said. Men adopting parasols Parasols, which are commonly associated in Japan with skin-tone-conscious women protecting against a summer tan, are now proving more popular with men too. Komiyama Shoten, a small, luxury umbrella maker in Tokyo, began making parasols for men around 2019 after the environment ministry encouraged people to use them. Before, many male customers thought parasols "were for women and they were embarrassed", the owner Hiroyuki Komiya said. "Once you use it, you can't let go," he added. On the busy streets of popular tourist destination Asakusa, Kiyoshi Miya, 42, said he decided to "use his umbrella as a parasol". "It's like I'm always in the shade and the wind feels cool," he said. Another visitor, Shoma Kawashima, wore a wearable fan around his neck to stay cool under the blazing sun. "It's so hot I want to be naked," the 21-year-old said. Gadgets are helpful, but "not a solution" to rising temperatures, he added. The post Japanese turn to wearable tech to beat the heat appeared first on Daily Tribune......»»