China-Russia: an economic 'friendship' that could rattle the world
Watching his Russian clients partying late at a karaoke bar in the eastern Chinese city of Wenzhou recently, Chinese factory manager Chen marvelled at their stamina.
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Vladimir Putin revamps Russia's creaking war machine
Vladimir Putin put Sergei Shoigu in charge of an invasion in 2022 with orders to capture Kyiv within a matter of days.
DA promoting sustainable agriculture to ensure sufficient, affordable food
Agriculture Secretary Francisco P. Tiu Laurel Jr. said Monday the government is promoting sustainable agriculture to ensure sufficient supply of and affordablly-priced food for future generations.
Kyline Alcantara, Kobe Paras dating? Internet users speculate
MANILA, Philippines — Are Kobe Paras and Kyline Alcantara dating?
PNX, C, and INFRA suspended for reporting failures
The PSE issued suspensions to three companies [link] prior to the open of trade on Friday morning for failure to submit FY23 Annual Reports. The three companies suspended are Phoenix Petroleum [PNX suspended], Chelsea Logistics [C suspended], and Philippine Infradev [INFRA suspended]. AgriNurture [ANI 0.62 ?8.8%; 305% avgVol] narrowly avoided suspension by submitting its Annual Report 38 minutes before the PSE’s suspension deadline. The ANI FY23 Annual Report disclosure erroneously reports a net income improvement of 1560% to P146 million, instead of a P146 million net loss, perhaps this oversight comes from a behind-the-scenes race to submit before the deadline.MB BOTTOM-LINE: I’m married to an accountant who did the auditing grind for years, so I know that it’s not easy to put these reports together; they’re complex and knock-ons from problems in any of the subsidiaries can cause problems that ripple up the chain and back down. That being said, producing these annual reports is something of a bare minimum condition of public corporate life. Every management group rides its accounting department and its auditing team into the dirt to get its quarterly and annual reports out on time. I don’t have any inside knowledge of why PNX, C, and INFRA are in this position, but I listen to the silence from these management groups. Good teams communicate with their minority shareholders in times of uncertainty, and a trading suspension is a time of great uncertainty for retail investors.
‘it’s a long series’
MANILA, Philippines — It’s good to land the first blow on a resilient rival. But for San Miguel Beer and Ginebra, it wouldn’t really mean much in the greater scheme of things if they couldn’t follow through.
Kylie Verzosa attends 'Furiosa' premiere in another Mark Bumgarner dress
MANILA, Philippines — Beauty queen-turned-actress Kylie Verzosa is back on the 2024 Cannes Film Festival red carpet for the world premiere of "Furiosa: A Mad Max Saga."
Senate meets with Baguio stakeholders on Cha-cha
MANILA, Philippines — The Senate yesterday held its consultative meeting in Baguio City with education and private sector stakeholders on the proposal to lift foreign ownership limits in the Constitution.