Smart Acquires Tower Permits For Better Connection
Telecommunications giant Smart Communications has secured permits to build more towers to further boost their connectivity and improve their services. Smart is a wireless subsidiary of PLDT. 660 permits from different Local Government Units (LGU)s have been acquired by Smart to start the construction of their new towers. According to Smart, the ideal number of […].....»»
LTFRB issues over 1,000 special permits to PUVs ahead of Holy Week
To ensure the smooth travel of Filipinos during Lenten season, the Land Transportation Franchising and Regulatory Board (LTFRB) announced the approval of special permits to 1,021 public utility vehicles (PUVs)......»»
Fil-Am Nation dethrones NUNS
There will be a new champion in the Smart-National Basketball Training Center Division 1 National Finals......»»
Nikon acquires Red Digital Cinema, enters professional video market
Nikon Acquires Red Digital Cinema to Enter Professional Digital Cinema Camera Market In a strategic move to expand into the professional digital cinema camera market,.....»»
Rain or Shine receives 1st-round picks as PBA approves Nambatac trade
Rain or Shine lets go of Rey Nambatac as it acquires a pair of first-round picks from Blackwater.....»»
AREIT acquires Seda LIO
AREIT acquires Seda LIO.....»»
Choco Mucho acquires Tubino
Choco Mucho plucked veteran Royse Tubino recently, hoping that the former Army standout would be the last piece of the championship puzzle the franchise has long sought for in the Premier Volleyball League......»»
PNP acquires P485 million guns, mobility assets
The Philippine National Police has procured firearms and mobility equipment amounting to P485 million......»»
Unity acquires 329 towers from Smart-PLDT & Globe; Enters 2024 with 1,100 Sites
December 22, 2023, MANILA, PHILIPPINES – Unity Digital Infrastructure Inc. (“Unity”) enters 2024 with approximately 1,100 tower sites after recently closing 250 and 79 towers sites from Smart Communications, Inc. (“Smart-PLDT”) and Globe Telecom, Inc. (“Globe”), respectively. Smart-PLDT has transferred 75% of the 650 sale and leaseback tower sites to Unity since getting Philippine Competition […].....»»
PH acquires Japan-built radar system to bolster WPS defense
SAN FERNANDO CITY, LA UNION — The Philippines’ newest detection system for aerial and naval threats in the West Philippine Sea was officially handed over to the Philippine Air Force at a ceremony on Wednesday. Advanced Air and Naval Threat Detection System Handed Over to Philippine Air Force in West Philippine Sea Ceremony The Japanese-built radar.....»»
AREIT acquires P23 billion assets from Ayala Land
AREIT Inc., the real estate investment trust of the Ayala Group, will acquire P23 billion worth of prime commercial properties from its sponsor Ayala Land Inc......»»
AREIT acquires P6.8B industrial land
AREIT acquires P6.8B industrial land.....»»
Monde Nissin acquires funding for meat alternative firm
Monde Nissin Singapore Pte. Ltd., a subsidiary of food and beverage giant Monde Nissin Corp., has secured financial backing from its majority family shareholders for its meat alternative venture, Quorn Foods......»»
Neither estafa nor qualified theft (2)
In Balerta v. People, the Court found that juridical possession as an element of the crime of estafa by misappropriation was not present because the accused was a cash custodian with no independent right or title to the funds received: In the case at bench, there is no question that the petitioner was handling the funds lent by Care Philippines to BABMPC. However, she held the funds on behalf of BABMPC. She had mere physical or material possession over the funds but held no independent right or title, which she could set up against BARMPC. The petitioner was nothing more than a mere cash custodian. Hence, the Court finds that juridical possession of the funds as an element of the crime of estafa by misappropriation is absent in the instant case. In Reside v. People, the Court came to a similar conclusion and held that the accused, a school principal tasked to receive tuition fees and forward these to the school, did not have juridical possession over the funds received. In the case at bench, it cannot be gainsaid that the petitioner, in addition to her duties as principal, was authorized to receive or collect matriculation fees from the parents and/or students enrolled in TGWSI. Per a verbal agreement with De Dios, the petitioner shall forward all payments received together with the remittance voucher slips to the school. As it happens, the money merely passes into the petitioner’s hands, and her custody is only until the same is remitted to the school. Consequently, as principal and temporary cash custodian of TGWSI, the petitioner acquires only physical or material possession over the unremitted funds. Thus, being a mere custodian of the unremitted tuition fees and not, in any manner, an agent who could have asserted a right against TGWSI over the same, the petitioner had only acquired material and not juridical possession of such funds and, consequently, cannot be convicted of the crime of estafa as charged. The prosecution alleged that petitioner Medina was responsible for collecting remittances from the Department of Education, accepting premium payments from PPSTA members, and depositing these payments in PPSTA’s bank account, as instructed by the PPSTA Treasurer. The record is bereft of any allegation or proof that petitioner Medina had any independent right or title to these funds that she could set up against PPSTA. Contrary to the findings of the CA, petitioner Medina was not a “trustee” of the PPSTA members’ payments, as she received these sums as an employee of, and on behalf of, her employer. Consequently, petitioner Medina only had material and not juridical possession of these funds, and she cannot be convicted for estafa under Article 315 (b) (l) of the Revised Penal Code or RPC. Second, jurisprudence holds that a conviction for simple or qualified theft (in lieu of estafa) is possible if all the elements of theft are alleged in the information. However, the evidence on record needs to be more sufficient to convict petitioner Medina of theft, whether simple or qualified. Simple theft is committed when the following elements concur: (1) taking of personal property; (2) that the said property belongs to another; (3) that the said taking be done with intent to gain; (4) that it be done without the owner’s consent; (5) that it be accomplished without the use of violence or intimidation against persons, nor of force upon things; and (6) that it be done with grave abuse of confidence. Theft becomes qualified when committed with grave abuse of confidence, among other qualifying circumstances enumerated in Article 310 of RPC. (To be continued) The post Neither estafa nor qualified theft (2) appeared first on Daily Tribune......»»
Metro Pacific unit acquires control of Antipolo hospital
Metro Pacific Health the largest group of private hospitals in the Philippines, has acquired a majority stake in Antipolo Doctors Inc., the owner and operator of Antipolo Doctors Hospital......»»
PLDT acquires Savannah Davison for PVL campaign
The PLDT High Speed Hitters have secured the commitment of Filipino-Canadian Savannah Davison ahead of the upcoming PVL conference......»»
Fruitas acquires Foodpanda tools
Backed by a newly-acquired top-notch technology, listed food and beverage kiosk operator Fruitas Holdings Inc., through its wholly-owned subsidiary Fly Kitchen Inc., is growing its cloud kitchen business to better serve the growing customer demand. In a stock exchange report on Tuesday, Fruitas Holdings disclosed that it bought out culinary equipment and technology formerly utilized by Foodpanda to support the planned expansion. “We are pleased to announce this tactical purchase of top-quality kitchen equipment from Foodpanda. This decision reflects our dedication to providing outstanding gastronomic experiences to our patrons,” Fruitas Holdings president and chief executive officer Lester Yu said. Foodpanda is a global food delivery service provider in 40 countries across five continents. Cloud only for delivery A cloud kitchen prepares food exclusively for delivery or takeout, without any dine-in customers. It is a cost-effective way for restaurants to expand their existing business or launch a new virtual brand. According to Fruitas, the acquisition will particularly enable Fly Kitchen’s menu expansion with new methods, processes, and flavors. By using cutting-edge equipment, the company can streamline its operations — from food preparation to presentation, resulting in even higher service and product quality. The advanced kitchen equipment will likewise give Fly Kitchen the freedom to experiment with new recipes, which will excite the taste buds of its loyal consumers and new customers. The kitchen equipment will open the door for the company to collaborate with and prepare third-party brands that would fit well with its present cloud kitchen operations. Starting with a single stall opened in 2002, the Fruitas group now operates over 25 brands in its portfolio, including food concepts such as Fruitas Fresh from Babot’s Farm, Buko Loco, Buko ni Fruitas, De Original Jamaican Pattie, Johnn Lemon, and Juice Avenue, among others. The group also recently launched Fruitas dairy-based ice cream and the Soy & Bean soy product line. The post Fruitas acquires Foodpanda tools appeared first on Daily Tribune......»»
Better services seen after GCash acquires ECPay
Customers can expect better services from financial service provider Gcash after its parent firm Globe Fintech Innovations Inc. or Mynt acquired 77 percent of Globe Telecom Inc.'s stake in Electronic Commerce Payments Inc. or ECPay for P2.31 billion. In a stock report on Monday, Globe disclosed that ECPay’s minority stakeholder, Payment One, Inc., is also a party to the transaction — effectively making it a full acquisition of ECPay by Mynt. The deal is still subject to regulatory approvals but once it is closed, ECPay will have access to GCash's platform which would translate to easier and more seamless services for users. “Mynt’s digital savviness will spill over to ECPay, maximizing its previously untapped potential. GCash, on the other hand, can further differentiate itself from its competition as mobile wallets in various shapes and sizes continue to pop up," Globe’s Chief Finance Officer, Rizza Maniego-Eala said in the report. "With ECPay in Mynt’s capable hands, Globe can better steer its ventures and synergistically grow the entire Globe Group ecosystem,” she added. Meanwhile, for Globe President and CEO Ernest L. Cu, GCash's "aggressive expansion" presents a "perfect environment for strategic synergies with ECPay." "Mynt’s acquisition of ECPay will enable more efficient and effective sharing of each other’s strengths and resources, thus creating a seamless and upgraded experience for their customers," Cu said. Incorporated in 2001, ECPay is one of the leading electronic payment service providers in the country. It was acquired by Globe in 2019 to enhance its distribution network. The ECPay Platform enables merchant partners to process bill payments, electronic prepaid mobile phone top-up loading, electronic pins, e-wallet and cash card reloading, airline ticket payments, online shopping payments, and credit card payments in their various outlets. Aside from boosting payment services, GCash, through its subsidiary Fuse Lending Inc., is also improving its lending services to its end-users. The recently said it expects to disburse hundred million pesos more loans to Filipinos in need — a move that will uphold digital and financial inclusion nationwide. Since 2016, Fuse has disbursed P100 billion in loans and has helped over 3 million Filipinos achieve their dreams. The post Better services seen after GCash acquires ECPay appeared first on Daily Tribune......»»
Deloitte acquires Primeiro to ramp up SE Asia business
UK-based Deloitte, a leading global professional services group, has acquired Philippine-based financial advisory firm Primeiro Partners to establish and stamp its leadership in the end-to-end mergers and acquisitions, restructuring and financing space, both in the country and in the wider Southeast Asia region......»»
Nathan Studios acquires critically acclaimed Japanese film ‘Monster’
Nathan Studios, the brainchild of the Atayde family and helmed by president and chief executive officer Ria Atayde, has once again showcased its commitment to delivering cutting-edge content. Owned by the Atayde family, Nathan Studios is a top-tier production outfit committed to delivering groundbreaking content. With different projects spanning series, movies and live events, the studio has consistently showcased narratives that challenge conventions and resonate deeply with audiences. Under Ria’s leadership, the company has produced notable projects like Cattleya Killer, Misis Piggy and Topakk. During their recent visit to the Cannes Film Festival, the Nathan Studios team, in collaboration with veteran actress Lorna Tolentino and 888 Films International, secured the rights to the critically acclaimed Japanese drama film Monster. Directed by Hirokazu Kore-eda and penned by Yuji Sakamoto, Monster bagged the Best Screenplay award at Cannes. Monster marks a significant milestone for director Kore-eda, as it’s the first time he has directed a film he didn’t write himself since Maborosi in 1995. Its score also holds a special place in cinematic history, as the last project by the legendary Ryuichi Sakamoto, who died of cancer two months before its release. The film stands as a tribute to his memory. At its core, Monster is an emotional exploration of adolescence, deceit and the consequences that arise from them. Through the eyes of three different characters, the film demands patience from its viewers, promising a payoff filled with well-earned emotional revelations. The narrative revolves around Minato, his mother Saori and his classmate Eri, each offering a unique viewpoint on the unfolding events, revealing buried truths that trouble all the characters. Kore-eda’s exceptional camera work, combined with Sakamoto’s tender script, creates a cinematic masterpiece. The post Nathan Studios acquires critically acclaimed Japanese film ‘Monster’ appeared first on Daily Tribune......»»
Cainta swivel chairs acquires new look
The local government of Cainta, Rizal has given a fresh look to the old swivel chairs donated to them by a business process outsourcing firm, saying that the 1,000 chairs will be used by the town’s IT students. “A BPO company has upgraded their chairs. They called me if I wanted to accept their old chairs. Of course, there are some flaws and minor damage,” Cainta municipal administrator Keith Nieto said. “I said I’ll take care of it, we can still use them. That’s 1,000 chairs. I had it taken and then I saw the damage, which were expected from wear and tear,” Nieto added. Nieto said they have bought online the chair covers for only P99 each. “In 6 hours, all the chairs have been transformed like the brand new ones, for only 99 pesos,” he said. “These will be used by our IT students of One Cainta College,” the municipal administrator added. The post Cainta swivel chairs acquires new look appeared first on Daily Tribune......»»