Ricardo Cepeda just brand ambassador, 'wrongfully accused' — stepson
MANILA, Philippines — Model Joshua de Sequera defended his stepfather Ricardo Cepeda, saying he was just a brand ambassador for a sales company.
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Press Release - Bong Go demands justice for Filipino fishermen in tragic maritime incident; extends support to bereaved families
Senator Christopher "Bong" Go addressed the recent maritime tragedy off Bajo de Masinloc that claimed the lives of three Filipino fishermen, by calling for immediate justice, extending assistance to the grieving families, and emphasizing the need for accountability and protective measures to safeguard Filipino fishermen in the country's territorial waters.
Alternergy board votes to divert IPO proceeds to clear deficit and focus on land-based wind projects
Alternergy [ALTER 0.83, up 2.5%; 102% avgVol] [link] revealed that its board has approved the re-allocation of P185 million of its P1.61 billion in IPO proceeds in two separate transactions. The first, which the PSE considered to be a “quasi-reorganization”, would transfer ~P42 million from its “additional paid-in capital” account to wipe out the company’s negative retained earnings account. The second would re-allocate P143 million away from future offshore wind projects and the Lamut Hydro Project, and apply that amount to its Tanay and Alabat Onshore Wind Projects which have both been qualified under the Department of Energy’s second Green Energy Auction. The re-allocation will leave only P5 million of the IPO proceeds applied to the future offshore wind projects, and remove all IPO funding from the Lamut Hydro Project. ALTER was briefly halted on Friday to allow the investing public to digest the information.
PhilHealth advises precaution after data theft, leakage
MANILA, Philippines — The Philippine Health Insurance Corporation (PhilHealth) called on the public to take precautionary measures against potential fraudulent activities following a ransomware attack last month.
LGUs to receive P12.8b in national wealth share
A lawmaker said local government units (LGUs) hosting mineral mining and energy development activities stand to receive P12.8 billion as their combined share of the national treasury’s income from the use of natural resources.
Philippines forms task force to monitor Filipinos in Israel
MANILA, Philippines — The Department of Migrant Workers and the Overseas Workers Welfare Administration have set up a task force to monitor the situation of Filipinos in Israel amid the conflict between Israeli forces and Hamas fighters.
CHR: Cops not above the law
MANILA, Philippines — The Commission on Human Rights (CHR) yesterday stressed that police officers are not above the law as it lauded the Department of Justice (DOJ) for filing murder charges against those involved in the killing of teenager Jerhode “Jemboy” Baltazar.