Onic PH parts ways with OhMyV33NUS, Wise; FULLCLIP quits Blacklist

Photo from Ohmyv33nus Facebook page Onic Philippines has parted ways with its captain Johnmar “OhMyV33NUS” Villaluna and hyper-carry Danerie James “Wise” Del Rosario while Blacklist International granted the request of carry Kairi “FULLCLIP” Rayosdelsol to be released from the team.  Onic, two-time MPL-Philippines runner-up, made the announcement through a Facebook video on Wednesday.  “Kapag mahal mo, dapat kaya mong i-let go para pareho kayong mag-grow. Kaya sa minamahal naming Vee at Wise, we wish you all the best!” the caption reads.   “Mami-miss namin lahat ng VeeWise moments ninyo. Pero patuloy pa rin naming susuportahan at susubaybayan ang inyong future endeavors.” OhMyV33NUS and Wise played an integral part in Onic’s emergence in the MPL.  Together with Gerald “Dlar” Trinchera, Jason “Jay” Torculas and Christian “Iy4knu” Manaog, the iconic duo powered Onic to back-to-back second-place finishes in Season 4 and 5.  Onic, however, fell short of living up to expectations as it settled for fourth in Season 6 even after eliminating bitter rival Aura PH in the first round of playoffs.  Onic earlier announced the acquisition of former Execration carry Jaylord “Hate” Gonzales. The team has yet to reveal the last player who will join Dlar, Jay, Iy4knu and Peter Bryce “Basic” Lozano.  Meanwhile, Blacklist bid goodbye to prodigy FULLCLIP.  “Kairi asked to be transferred to another team. While we are heartbroken, we are never here to impede our player’s growth so we made this happen,” the team posted on Facebook.  “From the day we discovered your skill and potential, we know that there’s a bright future ahead of you. Best of luck!”  FULL CLIP immediately showed his vast potential in his rookie season by powering Blacklist to a playoff finish in Season 6.  The team has yet to unveil his replacement who will join veteran Mark Jayson “ESON” Gerardo, Edward “EDWARD” Dapadap, Arvie “AQUA” Antonio, Archie “KIL LER” Valencia and Dexter “DEX STAR” Alaba. .....»»

Source: NewsNov 12th, 2020Related News

Dito CME taking indirect interest in third telco

Publicly listed Dito CME Holdings Inc. is poised to get an indirect stake in telecommunications company Dito Telecommunity Corp. through the acquisition of the 100 percent issued and outstanding common shares of Udenna Communications Media and Entertainment Holdings Corp......»»

Source: Philstar PhilstarCategory: FinanceNov 10th, 2020Related News

Garcia pushes for transfer of Cebu Provincial Government to Balamban

CEBU CITY, Philippines — Cebu Governor Gwendolyn Garcia is pushing for a Government Center in Balamban town, western Cebu. The governor has proposed a P500 million site acquisition for the proposed government center in the town, which she said is the most strategic and accessible town for both northern and southern local government units (LGUs) […] The post Garcia pushes for transfer of Cebu Provincial Government to Balamban appeared first on Cebu Daily News......»»

Source: Inquirer InquirerCategory: NewsNov 4th, 2020Related News

Duterte appoints Galvez as vaccine czar; ‘good choice’, say lawmakers

By Genalyn D. Kabiling and Charissa Luci-Atienza In a meeting with government officials on the disaster response Monday, President Duterte announced he wanted former AFP chief and now Presidential peace adviser Carlito Galvez Jr Galvez to lead the government’s vaccine acquisition and distribution effort.  Presidential Peace Adviser Carlito Galvez Jr. (NTF AGAINST COVID-19 / FILE PHOTO / MANILA BULLETIN) Duterte said Galvez would be the only authorized official to negotiate for the country’s’ vaccine supply. He expressed his dislike with the creation of committees since the process will take long.  “As I have said earlier during the start of the COVID, I only want one line of authority coming from dito sa the Task Force sa pagbili ng bakuna, the negotiation, manufacture, negotiation, production or distribution is ibinigay ko ‘yan kay Secretary Galvez,” he said. “I have great faith in Charlie to really come up with the solutions for the problem,” he added. Presidential spokesman Harry Roque defended the additional assignment given to Galvez, saying the planned immunization drive would involve “more of a logistics challenge than a medical challenge.” Galvez, who joined the Duterte Cabinet in 2018, also currently serves as chief implementer of the government’s plan to fight the coronavirus outbreak. Meanwhile, members of the House of Representatives lauded Galvez’s designation as vaccine war, among them: Representatives Michael Defensor, Roger Mercado, Ronnie Ong, Alfred Vargas and Rosanna Vergara. “It’s more of a logistics challenge than a medical challenge,” Roque explained. He said the only medical issues involved in the vaccine purchase are related to safety and efficacy of the drugs. This matter, he said, will be handled by the Food and Drug Administration (FDA).  He said Galvez is expected to continue his close coordination with the Department of Health and other agencies that will be involved in the vaccination drive. “Gen. Galvez would have the hindsight of what happened and the understanding of the COVID baseline. What we need is the leadership and managerial skills in taking the lead of the COVID vaccine campaign,” Defensor, chairperson of the House Committee on Public Accounts, said in a text message when asked if the vaccine czar should have been a medical doctor.  “I support the President’s appointment of Sec Galvez.  Galvez is an innovative  administrator. He can be trusted to implement the program well,”  Mercado said in a separate text message.  “We are happy that the president is preparing early and appointing someone to lead is good news,” Ong said.  Vargas also rallied behind the  the decision of President Duterte to appoint Galvez, saying that “we don’t need a doctor but a manager for this job.” Vergara also gave her vote of confidence to Galvez.  “Being the COVID-19 policy chief implementer, he has a clear overview of the COVID-19 situation in the county and such knowledge is very crucial in the distribution of the vaccine. I am sure, there are medical experts who advise the good Secretary,” she said.  “I am assuming  the vaccine chosen has already passed all testing and FDA approvals , the challenge will be to properly allocate and distribute it fairly across the country to the most vulnerable  and this is the challenge anyone who heads this Task Force will face– how do you properly allocate this should the vaccine supply be limited because of world wide demand? Thus, the need to plan for equally expedited distribution and delivery. Building a delivery system that is quick, fair and will not result to inequitable distribution,”  Vergara added......»»

Source: NewsNov 3rd, 2020Related News

Improved right-of-way acquisition key to timely Skyway 3 completion — Villar

Improved acquisition of road right-of-way was among the key reasons behind the recent completion of the Metro Manila Skyway Stage 3, Public Works and Highways Secretary Mark Villar said Saturday. Public Works and Highways Secretary Mark Villar (MARK VILLAR FACEBOOK / MANILA BULLETIN FILE PHOTO) In a statement, Villar commended the department’s task force responsible in speeding up the road right-of-way (RROW) acquisition for the elevated expressway that links the southern and northern parts of Metro Manila. “We are now on the final stage of the Skyway Stage 3 Project that will link the southern and northern portions of Metro Manila by connecting SLEX and NLEX before the end of 2020. This would not be possible if not for the commitment of our DPWH ROW Task Force who have worked relentlessly with concessionaire CITRA Central Expressway Corporation (CCEC) to speed up delivery of needed ROW,” Villar said.  Right-of-way acquisition, the secretary stressed, is the most common cause of project delay, especially under public-private partnership. This prompted the creation of a task force for each flagship program and decentralization of ROW operations under Department Order No. 65, series of 2017.  According to Villar, prior to the issuance of DO 65, “ROW acquisition for the Skyway Stage 3 was sluggish at 8.64 percent, even though it had been 35 months since it commenced in 2015.” The improved system, he said, allowed them to acquire 95 percent of ROW in two years and seven months. It is instrumental in facilitating the ROW acquisition, particularly on the issue of National Grid Corporation (NGCP) and Meralco on the removal and relocation of their respective facilities, the secretary said.  As of September 2020, 40 out of the scheduled 47 service utilities of NGCP had been completely removed/relocated, five ongoing, and two for expropriation.  Out of the 1,312 Meralco utilities affected, 1,090 were completely removed or relocated, 24 ongoing, and 198 not to be relocated anymore, while 95.0 percent site possession had been delivered.  “We recognize the need to speed-up ROW acquisition for the timely realization of our Build, Build, Build program and with our formed ROW task forces, the public can expect more big-ticket projects to be completed in the coming months and years,” Villar said.  He bared that a fifth segment had been introduced at the north end of the project from Balintawak Cloverleaf at Epifanio delos Santos Avenue (EDSA). This will connect to the North Luzon Expressway Footbridge to avoid traffic congestion along A. Bonifacio Street and EDSA......»»

Source: NewsOct 24th, 2020Related News

AREIT buys P5.1-B office mall

AREIT Inc., the real estate investment trust sponsored by Ayala Land Inc., has acquired a mall and office development in Pasig City from the real estate giant for P5.1 billion.                 In a disclosure to the Philippine Stock Exchange, AREIT said it is buying The 30th, a 76,000 square meter commercial development located along Meralco Avenue in Pasig City. “The asset will increase AREIT’s portfolio to 246,000 square meters of GLA from 170,000 square meters and will contribute to its net income and dividends in 2021,” AREIT said. The 30th is a commercial development that was planned and developed by Ayala Land and completed in 2017. The office building is fully occupied predominantly by BPO companies. The 30th includes an amenity retail podium which will be operated and leased by Ayala Land from AREIT. Simultaneous to the acquisition of the building by AREIT, ALI will assign the long-term land lease to AREIT. AREIT wil lease office spaces to tenants, and the retail podium to Ayala Land under a fixed lease as operator of the retail spaces. The acquisition will be funded through debt. It will be a cash purchase with the installment schedule to be agreed by the parties. Currently, AREIT has no debt thereby allowing it to acquire assets that are yeld accretive through leverage. “This demonstrates AREIT’s ability to grow its portfolio and add value to its shareholders while its Sponsor, Ayala Land, Inc. can recycle the capital for its real estate projects in the Philippines,” AREIT said......»»

Source: NewsOct 24th, 2020Related News

Northrail spent P232 M for relocation without a single family relocated –COA

Some P232.89 million in government funds spent for the relocation program for informal settlers displaced as a result of the Northrail Project went down the drain with no actual relocation undertaken despite the huge expenditure. Worse, the five parcels of land tapped as relocation site have been assessed by the Mines and Geosciences Bureau as “vulnerable to natural hazards, hence, not considered appropriate as residential area,”  the Commission on Audit (COA) has reported. In the recently released  Expanded Audit of the Northrail Project initially implemented by the North Luzon Railways Corporation (Northrail), COA also disclosed that out of the disbursements totaling P505.35 million for additional right-of-way acquisition, P423.46 million in expenditures were found to be irregular. “Northrail spent around P232.89 million for the relocation program in a joint undertaking with the Provincial Government of Bulacan (PGB) and Alto Projekt Asia Inc. (APAI) without actual relocation undertaken,” COA said. Auditors disclosed that  at least 10,000 families living in the PNR property and the right-of-way in Bulacan were to be relocated to give way to the Northrail project. To jumpstart the relocation of affected families Northrail entered into a memorandum of agreement with  the PGB which then received P10 million and 50 hectares of land in Norzagaray, Bulacan for the implementation of the project. ”While the PGB committed to complete the relocation on June 30, 2011, there was no actual relocation undertaken by PGB,” COA noted. By that time, Northrail already spent P232.89 million for the “purported relocation program without relocating a single family.” In the same special audit report, COA also flagged some P505.35 million expenditures for the right of way acquisition, noting that P423.46 million in disbursements were “found with deficiencies.”.....»»

Source: NewsOct 22nd, 2020Related News

Robinsons Retail acquires 300-store Rose Pharmacy

Gokongwei-led retailer Robinsons Retail Holdings Inc. (RRHI) has expanded its footprint in the pharmaceutical distribution space with the acquisition of 300-store Rose Pharmacy Inc. from Hong Kong-based Jardine Matheson group. Mulgrave Corp., a unit of Jardine’s Daily Farm Internatio­nal Holdings Inc., agreed to sell 100 percent of Cebu-based Rose Pharmacy, which operates mostly in the […] The post Robinsons Retail acquires 300-store Rose Pharmacy appeared first on Cebu Daily News......»»

Source: Inquirer InquirerCategory: NewsOct 18th, 2020Related News

Go urges BFP to push modernization efforts

Senator Christopher ‘’Bong’’ Go on Friday urged the Bureau of Fire Protection (BFP) to continue its efforts to modernize and enhance its ranks by acquiring more fire trucks and equipment especially for the  remote areas in the country. Sen. Bong Go (Senate of the Philippines / MANILA BULLETIN FILE PHOTO) Go issued the statement after attending yesterday the ceremonial turnover at the Camp General Emilio Aguinaldo in Quezon City of the recently procured equipment of the BFP, including 84 units of 1,000 gallons capacity fire trucks, five units of aerial ladder, and three units of rescue trucks to be distributed by BFP to various local government units around the country.  “All over the country po ito ipapamahagi. Natutuwa po ako dahil ang gusto naman po natin ay mabigyan ng sapat na kagamitan laban sa sunog ang mga iba’t ibang lugar — hopefully sa lahat ng sulok po ng bansa ay handa po tayo,” Go said. (These will be distributed all over the country. I am happy because we want to give the appropriate fire-fighting equipment to different parts of the country.)    Go said there are many municipalities that have no financial capabilities to buy such an equipment. “Hopefully, patuloy pa ang pag-acquire nila ng mga panibagong equipment. Kinausap ko rin po si Dir. Embang na ikonsidera rin nila ‘yung mga maliliit na fire trucks na puwedeng pumasok sa mga liblib o masisikip na lugar kasi doon po madalas nagkakasunog,” Go said, referring to BFP Chief Jose Embang, Jr. (Hopefully, their acquisition of fire-fighting equipment will continue. I told Director Embang that BFP should consider buying small fire trucks that can enter narrow roads and congested areas where fires usually originate from.) Last February 11, 2020, Go joined President Duterte in witnessing the turnover of 74 fire trucks. The Senator also continues to provide aid to fire victims in different parts of the country.  “Mahirap po mawalan ng bahay at kagamitan dahil sa sunog at iba pang sakuna. Kaya po patuloy akong nagbibigay ng tulong sa mga biktima at nag-iiwan ng ngiti sa oras ng kanilang pagdadalamhati,” Go said. (It is hard to lose a house and personal belongings due to fires. That is why I continue to extend help to fire victims and give them a reason to smile during a time of grief.) “Bilang isang Senador at public servant, patuloy po akong magseserbisyo, lalo na sa mga mahihirap at nangangailangan na apektado ng krisis tulad ng sunog. Kasabay nito ay pagsisikapan ko bilang mambabatas na mas palakasin pa ang ating fire prevention and protection measures,” he added. (As a senator and a public servant, I continue to be of service, particularly to victims of crises like fires. As a lawmaker, I continue to help to strengthen our fire prevention and protection measures.)     As vice-chairman of the Senate Committee on Peace and Order and as a main advocate of fire protection modernization initiatives, one of Go’s priority bills is Senate Bill 204 which is now consolidated under Committee Report No. 111, otherwise known as BFP Modernization Act of 2020.  The measure is currently undergoing the period of interpellation in the Senate. The bill aims to ensure the hiring of more personnel, acquisition of modern fire equipment, and the conduct of training for firefighters of the BFP.  The bill will also empower local communities in preventing fire incidents by mandating the BFP to conduct monthly fire prevention campaigns and information drives in all local government units (LGUs), especially in vulnerable areas.  Go said President Duterte fully supports the modernization efforts of the BFP. “Ang sabi ng Pangulo, sabihin mo sa kanila huwag na nila ako unahin, ‘yung kagamitan ng mga sundalo at kapulisan at bumbero ang unahin natin,” he said. (The President said the equipment of soldiers, policemen, and firemen should come first.) During the event, Go expressed his and Duterte’s full support for the country’s fire personnel, citing the government’s recent effort to increase the salaries and promote the welfare of the military and uniformed personnel.  “Full support po kami sa inyo. Unang-una po, ‘yung pangako niya pagkaupo pa lang niya bilang Pangulo, tinupad niya agad ang pangako niya,” Go said, referring to the increase in salaries provided to uniformed personnel, including firefighters. (We give our full support to you. The President fulfills his promises when he took over the presidency in 2016.) Go also said that he supports the President’s position of arming BFP personnel so they can help in the fight against criminality.  “We are currently studying this added measure of arming firefighters. Nabanggit na rin ito ng Pangulo. Makakatulong din sila sa paglaban ng kriminalidad at para rin maproteksyunan ang kanilang mga sarili. Pati sa kampanya laban sa droga, makakatulong din sila,” Go said. (This was mentioned by the President. They can help fight criminality and also protect themselves. They can also help in containing the spread of dangerous drugs.)    In addition to fire trucks and other modern equipment, Go also said that he is coordinating with BFP officials, government finance managers, and concerned agencies on how to also provide additional ambulance units to the BFP.  He said that providing ambulances will make the BFP more responsive in fulfilling its mandate and will be useful, especially in times of national emergencies given that their personnel are well-trained frontliners.  “Kapag mayroon nang vaccine kontra COVID-19, pwede pong tumulong ang BFP para mabakunahan ang mga tao. Nagtutulungan po lahat ng ating uniformed personnel, mula military, pulis, bumbero, at iba pa para maprotektahan ang kapakanan ng ating mga kababayan,” Go explained. (Our firemen can also help in the vaccination of our countrymen to fight the coronavirus disease (COVID-19). Our uniformed personnel, from the military, policemen, firemen and others can help in protecting the interests of Filipinos.)  Go thanked officials for their efforts to modernize the BFP and for their continuing service, especially during the pandemic, specifically Department of the Interior and Local Government officials led by Secretary Eduardo Año and BFP officials led by Embang, Jr.  Go also acknowledged local officials and district representatives who were present, including Congressman Onyx Crisologo of the 1st District of Quezon City, Congresswoman Angel Amante-Matba of the 2nd District of Agusan del Norte, Mayor Marcy Teodoro of Marikina City, and Mayor Judy Amante of Cabadbaran City, Agusan del Norte and thanked them for their support to the national government in the bayanihan efforts to overcome the pandemic.  “Dahil mahirap ang panahon ngayon, we have to adjust to the new normal pero konting tiis lang po. Alam kong hirap po kayo. Kami ni Pangulong Duterte, hindi kami nawawalan ng pag-asa, magtulungan lang po tayo. Sino pa ba ang magtutulungan kundi tayong kapwa Pilipino,” he said, (Because times are hard, we have to adjust to the new normal. Please bear with us. I know you are suffering. I and President Go have not lost hope. We should help one another.).....»»

Source: Abscbn AbscbnCategory: SportsOct 16th, 2020Related News

AREIT adds Cebu building to its roster of assets

Following the acquisition by AREIT of a BPO building in Cebu IT Park last September 16, Ayala Land subsidiary, ALO Prime Realty Corp. (APRC), has recently transferred the long-term lease rights of the building’s lessee Teleperformance to AREIT Inc......»»

Source: Philstar PhilstarCategory: NewsOct 2nd, 2020Related News

BSP tightens buy-in limit on financial institutions

The Bangko Sentral ng Pilipinas has tightened transactions involving the acquisition of shares in Philippine banks, pawnshops, money service businesses including remittance and transfer companies, money changers, as well as foreign exchange dealers......»»

Source: Philstar PhilstarCategory: FinanceSep 24th, 2020Related News

URC& rsquo;s purchase of Roxas sugar mill cleared by PCC

The Philippine Competition Commission said Monday it approved the acquisition by Universal Robina Corp. of the sugar mill and ethanol facility of Roxas Holdings Inc. in La Carlota City, Negros Occidental......»»

Source: Thestandard ThestandardCategory: FinanceSep 7th, 2020Related News

Anti-trust body approves Consunji Group& rsquo;s purchase of 2 Smart Towers in Makati

The Philippine Competition Commission said over the weekend it approved the acquisition by DMC Urban Property Developers Inc. of two Smart Towers and their 2,400-square-meter lot in Makati City from PLDT Inc......»»

Source: Thestandard ThestandardCategory: FinanceSep 7th, 2020Related News

Razon firm takeover of Manila Water OKs

The Philippine Competition Commission has cleared the acquisition by businessman Enrique Razon’s Trident Water Holdings Co. Inc. of a controlling stake in Manila Water Co. Inc......»»

Source: Philstar PhilstarCategory: NewsAug 26th, 2020Related News

CPG defies property odds

Additional leasing space will come from its acquisition of joint venture partner Mitsubishi Corporation’s unit’s 40 percent stake in the newly-completed Century Diamond Tower. The post CPG defies property odds appeared first on Daily Tribune......»»

Source: Tribune TribuneCategory: NewsAug 26th, 2020Related News

DBM submits proposed P4.5 trillion budget for 2021

Budget Secretary Wendell Avisado submitted to the House of Representatives yesterday the executive department’s proposed P4.5-trillion national budget for 2021, which has also earmarked funds for acquisition of vaccines for COVID-19......»»

Source: Philstar PhilstarCategory: NewsAug 25th, 2020Related News

PECO asked to substantiate explanation on the purchase of luxury car

Power customers asked Panay Electric Co., the former electricity distributor in Iloilo City, to substantiate its explanation on the acquisition of a luxury car......»»

Source: Thestandard ThestandardCategory: FinanceAug 17th, 2020Related News

DAR cuts process of land acquisition, distribution

The process of acquisition and distribution of properties under the Comprehensive Agrarian Reform Program (CARP) has been shortened from 291 days to 112, the Department of Agrarian Reform said yesterday......»»

Source: Philstar PhilstarCategory: NewsAug 5th, 2020Related News

Analog Devices to acquire Maxim Integrated, form $68-billion firm – statement

NEW YORK, USA – American semiconductor firm Analog Devices has agreed to buy rival Maxim Integrated in an all-stock transaction valued at $20.91 billion, the companies announced Monday. The acquisition, one of the biggest deals of the year, would create an enterprise with a combined worth of $68 billion and estimated ........»»

Source: Rappler RapplerCategory: NewsJul 26th, 2020Related News

Jollibee sees Coffee Bean, Smashburger acquisitions paying off in 2021

Jollibee Foods Corp. is optimistic on its loss-making acquisition turning to black despite the pandemic's impact......»»

Source: Philstar PhilstarCategory: FinanceJul 24th, 2020Related News