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Davao City barangays need to improve disaster response
DAVAO CITY (MindaNews / 21 February)—Dabawenyos believe that barangays in this city should improve on disaster response efforts to deal with calamities more effectively, according to a survey conducted by the University of Mindanao’s Institute of Popular Opinion (UM-IPO). During “Wednesdays Media Forum at Habi at Kape,” Dr. John Vianne Murcia, UM-IPO director, said that […].....»»
SEC eases IPO cornerstone investor rules in 2nd draft of proposed rule
The SEC’s proposed second draft of its new set of rules on IPO cornerstone investors contains a few adjustments to ease the burden of the new rules on both issuers and cornerstone investors......»»
DoubleDragon secures HBNB ticker symbol for Hotel101’s Nasdaq IPO
DoubleDragon, the property developer owned by Injap Sia and Tony Caktiong, said last week that it will use the ticker “HBNB” for the Nasdaq IPO of its subsidiary, Hotel101 Global Pte Ltd......»»
The PSE’s first IPO might be delayed until next quarter
A report from Iris Gonzales of The Philippine Star said that the Citicore Renewable Energy Corp. IPO might be moved from late March to sometime in Q2 to be more “in line with the expected lowering of interest rates” and to give CREC more time to “complete some remaining regulatory requirements”......»»
CREC likely to move IPO to Q2
The planned initial public offering of Citicore Renewable Energy Corp., potentially the first IPO of 2024, may be moved to the second quarter of the year in line with the expected lowering of interest rates by then......»»
Balai Ni Fruitas response to write-up on the reallocation of IPO proceeds
On Tuesday, I wrote about Balai Ni Fruitas and the BALAI board’s reallocation of IPO proceeds to commissary construction, away from store network expansion......»»
Balai Ni Fruitas reallocates P50-M in IPO proceeds to complete commissary build
Balai Ni Fruitas said that its board approved a reallocation of its IPO proceeds, from “Store network expansion and store improvement”, to “Commissary set up”......»»
LTO: Plastic drivers’ licenses delayed anew due to paper work issues
MANILA, Philippines — The promised plastic cards for driver’s licenses are facing delays, as they still need to overcome technical hurdles before becoming available to the public, Land Transportation Office (LTO) Chief Atty. Vigor Mendoza II said on Monday. The LTO said earlier that the Philippine Society of Medicine for Drivers donated four million plastic.....»»
Uncertainty looms over Davao-Samal Bridge project amid RoW hurdles
The construction of the Samal Island-Davao City Connector (SIDC), also known as the Davao-Samal Bridge project, has faced numerous setbacks due to right-of-way (ROW) acquisition challenges. The project was halted on January 3, 2024, due to issues with landowners near a pier in Lanang at Davao City, leading to delays in the project's implementation. While there have been conflicting statements regarding the project's status, the National Economic and Development Authority-Davao Region (Neda-Davao) aims to complete the detailed engineering plans for the substructure of the west land via dock once the Deed of Transfer Possession in Davao City is released. However, ROW issues continue to persist. Despite these challenges, the project is still considered a priority and is included in the Davao Region Development Plan (DRDP) for 2023–2028. The project is funded through China’s Official Development Assistance with an estimated budget of P23.04 billion, and negotiations with the Philippine government are ongoing with a target completion date in 2027. The uncertainty surrounding the project's timeline remains as ROW hurdles persist, impacting the much-anticipated toll-free four-lane concrete exodus bridge spanning a 3.98-kilometer distance......»»
Philippines will increase military presence in islands facing Taiwan
MANILA, The Philippines: The Philippines is set to bolster its military presence on islands adjacent to Taiwan, aiming to enhance its territorial defense capabilities, as announced by Defense Secretary Gilberto Teodoro. During his visit to naval facilities on the remote Batanes islands, less than 125 miles from Taiwan, Teodoro instructed the military to increase troop deployments and called for the development o.....»»
Earthquake of magnitude 5.4 jolts Philippines
Manila [Philippines], February 10 (ANI): An earthquake of magnitude 5.4 on the Richter scale struck 2km NNW of Maygatasan, Philippines, on Saturday, the United States Geological Survey (USGS) reported. The tremors were felt at 10:51:30 (UTC05:30), at a depth of 12.4 km. According to the USGS, the epicentre of the earthquake was found to be at latitude 8.729N and longitude 125.710E, respectively. No reports of casulaties o.....»»
Philippines Defense Secretary wants more troops in islands near Taiwan
MANILA, The Philippines: The Philippines is set to bolster its military presence on islands adjacent to Taiwan, aiming to enhance its territorial defense capabilities, as announced by Defense Secretary Gilberto Teodoro. During his visit to naval facilities on the remote Batanes islands, less than 125 miles from Taiwan, Teodoro instructed the military to increase troop deployments and called for the development o.....»»
Earthquake of magnitude 5.4 jolts Philippines
Manila [Philippines], February 10 (ANI): An earthquake of magnitude 5.4 on the Richter scale struck 2km NNW of Maygatasan, Philippines, on Saturday, the United States Geological Survey (USGS) reported. The tremors were felt at 10:51:30 (UTC05:30), at a depth of 12.4 km. According to the USGS, the epicentre of the earthquake was found to be at latitude 8.729N and longitude 125.710E, respectively. No reports of casulaties o.....»»
ERC suspends reserve market settlement
The Energy Regulatory Commission has ordered the Philippine Electricity Market Corp. and the Independent Electricity Market Operator of the Philippines Inc. to suspend settlement amounts in the reserve market......»»
Dot Property Southeast Asia Awards 2023 celebrates foremost developers, projects and agencies
The Southeast Asia real estate market currently faces challenges in the face of the global economic environment and tightening access to finance, however, the winners at this eighth annual Dot Property Southeast Asia Awards were celebrated in recognition of their resilience and adaptability to both the evolving needs of home seekers and the surrounding market conditions......»»
3 high-profile IPOs won’t take place this year
Three high-profile initial public offerings will not happen this year due to unfavorable market conditions......»»
Magnitude 6 earthquake shakes Leyte
CEBU CITY, Philippines — A magnitude 6.0 earthquake has rattled Leyte, Philippines, on the early evening of Friday, May 3. According to the data released by the Philippine Institute of Volcanology and Seismology (Phivolcs), the seismic activity occurred at 06:16 p.m. local time. Its epicenter pinpointed at coordinates 10.83°N, 125.30°E, approximately 32 kilometers south and.....»»
NBA: Sixers get boost from Embiid’s 50 points to beat Knicks
Philadelphia big man Joel Embiid scored 50 points to power the 76ers to a vital 125-114 victory over the New York Knicks on Thursday, the Sixers clawing back a game in their NBA Eastern Conference playoff series. The 76ers had dropped the first two games of their best-of-seven first-round series at Madison Square Garden, Embiid defiantly insisting they were.....»»
Villar patriarch places 190 in Forbes Top 200 billionaires
Villar ranked 190 out of the 200 billionaires in the world in 2024 with a total net worth of $11.7 billion (P660,125,700,000) coming from $8 billion (P451,376,000,000) in 2023, according to Forbes magazine......»»
Beermen repel Bossing to earn quarters edge
The San Miguel Beermen survived a scare and held on against the already-ran Blackwater Bossing, 125-117, Friday at the Smart Araneta Coliseum to secure a twice-to-beat bonus in the PBA Commissioner's Cup......»»