PBA: Blackwater franchise for sale at P150 million
Blackwater's PBA franchise is up for sale. On Tuesday night, Philippine Star sports editor Nelson Beltran broke the story that the Elite are eyeing a PBA exit. In a report by Abac Cordero also for the Star, Blackwater team owner Dioceldo Sy bared that he's selling the Elite franchise for P150 million. "I’m open to entertain interested parties as it’s hard for me to continue supporting the PBA when my heart is no longer there,” Sy was quoted as saying. Blackwater entered the PBA during the 2014-2015 season as part of two expansion teams, the other being the Kia Sorento now known as the Terra Firma Dyip. In 15 conferences, the Elite only made the playoffs four times and never made it past the quarterfinals. The closest Blackwater got to the semis was last season in the Commissioner's Cup when the third-ranked Elite lost to Rain or Shine in Game 3 of their best-of-3 series. Recent team moves for Blackwater include drafting Maurice Shaw in the 2019 PBA Draft. The 35-year-old, 6'9" center was the second pick in the regular draft behind Roosevelt Adams for the Dyip. The Elite also tapped Nash Racela to take over as head coach after Aris Dimaunahan handled the team for most of 2019 under an interim basis. Blackwater was already in the news this week after Sy said on "Sports Page" by One Sports that the team has started to conduct workouts. However, this came before the PBA's official go-signal and in turn, the Elite were requested to provide explanation to the league and to the Games and Amusements Board. — Follow this writer on Twitter, @paullintag8.....»»
Jollibee invests $28 million in beverage tech firm
Filipino-owned Asian food conglomerate Jollibee Foods Corp. is investing $28 million for a 10 percent stake in beverage technology company Botrista Inc. to support the growth of its coffee and tea business......»»
Unlock business success at Franchise Asia Philippines Expo
The Franchise Asia Philippines Expo 2024 is set to hold a series of dynamic seminars designed to empower entrepreneurs, investors and business enthusiasts with the knowledge and tools needed to thrive in the ever-evolving world of franchising. Slated from April 12 to 14 at the SMX Convention Center Manila, these seminars offer invaluable insights into key aspects of franchising and business growth......»»
House leaves Quiboloy’s fate to Senate
The House of Representatives will no longer pursue and implement the warrant of arrest it issued against pastor Apollo Quiboloy after it approved on final reading the bill revoking the franchise of the evangelist’s alleged TV network......»»
DOTr: 2.2 million more plastic cards to be delivered
Transportation Secretary Jaime Bautista inspected yesterday the one million delivered plastic cards to be used for the printing of driver’s licenses, at the Land Transportation Office central office in Quezon City......»»
Globe closed on an additional P1.16-B in tower sales
Globe Telecom, the Zobel Family’s telecommunications company, disclosed that it closed on the sale of another 91 cell towers to Frontier Towers to raise approximately P1.16 billion in cash......»»
Cebu City buy-bust: Over P12M ‘shabu’ seized from 2 HVIs
CEBU CITY, Philippines – Police confiscated over P12 million worth of suspected shabu from the possession of two men during a bust-bust operation in Brgy. Bulacao, Cebu City on Tuesday evening, March 26. The buy-bust operation was conducted at around 10 p.m. in Lower Sario in Brgy. Bulacao. One of the suspects was identified as.....»»
Public utility trike operators urged to renew franchise, warned vs overpricing
THE Davao City Transport and Traffic Management Office (CTTMO) conducted a dialogue with the different Tricycle Operators and Drivers’ Associations (Todas) of Toril District to remind drivers of the provisions of the Traffic Code of the City......»»
Globe gets P5 billion from sale of towers
Telco-to-tech provider Globe Telecom Inc. raised almost P5 billion from the sale of towers in the first quarter, providing it with some of the capital needed to upgrade services and pay debts......»»
Cowboys QB Dak Prescott expected to play on current contract for 2024 seaso
The Dallas Cowboys made headlines recently by restructuring quarterback Dak Prescott’s contract, converting a $5 million roster bonus into a signing bonus. This move helped.....»»
BTr raises P120 billion from T-bond sale
The government raised the entire program of P120 billion in long-term securities this month even as investors’ asking rates were mixed......»»
Man-made disasters cost Philippines 164.87 mln USD in 2023
MANILA, March 26 (Xinhua) -- Man-made disasters caused the total damage in the Philippines worth 9.29 billion pesos (164.87 million U.S. dollars) in 2023, the Philippine Statistics Authority (PSA) said Tuesday. The agency said that out of the total annual damage, 4.93 billion pesos (87.5 million dollars), or 53.1 percent, was due to the oil spill. "The reported oil spill in various regions resulted in dam.....»»
DOH orders 5 million measles vaccine doses
The Department of Health has procured five million doses of measles vaccine as part of its renewed and intensified campaign against increasing cases of measles in the country......»»
Upson International FY23 profit: P464-M (down 13.7%)
Upson International, the IT retailer primarily operating through the Octagon retail brand, teased its FY23 financial results headlined by a 13.7% dip in net income to P464 million......»»
Alternergy reallocates IPO proceeds to Tanay and Alabat projects
Alternergy, the renewable energy generation company founded by Vince Pérez (former DoE Secretary), announced that its board of directors reallocated P65 million of the IPO proceeds that were originally scheduled for the Solana Solar Project, Ibulao Mini Hydro Project, Cavite Offshore Wind Project, Tablas Strait Offshore Wind Project, and the operationalization of Green Energy Supply Solutions Inc......»»
NEWS BRIEFS | 26 March 2024
P101-M sea wall to rise in Surigao Sur town A P101.3 million sea wall will be constructed in Marihatag, Surigao del Sur to protect lives and properties from storm surges there. Rep. Romeo Momo (1st District, Surigao del Sur) led the ground breaking of the Marihatag Seawall Project last Sunday, March 24. “The project is a […].....»»
Comelec: 3 million overseas voters eyed in 2025 polls
With internet voting, the Commission on Elections is looking to have up to three million Filipinos abroad participate in the May 2025 midterm elections......»»
Second graft case filed vs Magalong
Baguio Mayor Benjamin Magalong is facing another graft case before the Office of the Ombudsman in connection with the allegedly anomalous improvement and rehabilitation of a P50-million multipurpose building in Barangay Irisan......»»
Philippine food firms’ sales hit $133 million in Dubai fair
Philippine food companies generated $133 million worth of export sales from a food trade show held in Dubai last month, according to the Center for International Trade Expositions and Missions......»»
DLSU students win P1-million grant for cafeteria food waste to biogas project
Every year, De La Salle University’s cafeterias produce over 28,000 kilograms of kitchen waste, and are responsible for 480,000 kilograms of greenhouse gas emissions.....»»
P4-M smuggled cigs seized, 2 arrested
THE Bureau of Customs-Davao Region (BOC-Davao) confiscated smuggled cigarettes worth P4 million in Barangay Lacson, Calinan District, Davao City on March 22, 2024......»»