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Persida Acosta - Regarding overtime pay - manilatimes.net - Philippines - city Manila

Regarding overtime pay

Dear PAO, I worked for a domestic shipping company that delivers consignments from Metro Manila to different parts of the Philippines. I resigned from the shipping company last month. I would like to know if I can receive overtime pay since I stayed in the cargo vessel for at least three months whenever I was on duty. Although we did not work beyond eight hours, we could only leave the shipping vessel once all the cargoes were delivered. I am now demanding overtime pay from my former employer before I sign the quitclaim they sent me. Am I legally entitled to overtime pay? Anthony

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A BEVi of world-class Filipino products - philstar.com - Philippines - city Manila, Philippines

A BEVi of world-class Filipino products

MANILA, Philippines — “Born to bloom” best describes this world-class Filipino brand’s journey. Established in 2007, Beauty Elements Ventures Inc. (BEVi), the first to introduce kojic acid soap (Kojie.san) in the Philippine market, has since developed a range of high-quality products beyond skincare.

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John Bryan Ulanday - For runners – young, old – Milo run return is worth the wait - philstar.com - Philippines - county Hill - city Manila, Philippines

For runners – young, old – Milo run return is worth the wait

MANILA, Philippines — It is his passion, his life, his “maintenance.”

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Pia Cayetano - Alan Peter - Press Release - Senators Alan and Pia provide timely aid to more than a thousand flood victims in Bulacan - legacy.senate.gov.ph - county San Juan - city Santos

Press Release - Senators Alan and Pia provide timely aid to more than a thousand flood victims in Bulacan

Striving to recover from flooding that hit the province, more than a thousand Bulakeños caught a glimpse of hope as timely assistance reached their area.

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Rodrigo Duterte - Ferdinand Marcos-Junior - BrahMos For Philippines: India's Symbolic Win In the Choppy Indo-Pacific - ndtv.com - Philippines - Usa - India - China - Russia - city Beijing - city Delhi

BrahMos For Philippines: India's Symbolic Win In the Choppy Indo-Pacific

A new phase in India's defence ties with the Philippines commenced last week when the Indian Air Force handed the first batch of BrahMos supersonic cruise missiles to the Philippines. Manila had first expressed its interest in 2019, with a $375 million contract signed in 2022 for the supply of three batteries of the shore-based, anti-ship variant of the BrahMos to the Philippines by BrahMos Aerospace Pvt Ltd, an Indo-Russian joint venture. Apart from two missile launchers, a radar and a command-and-control centre, the pact includes an integrated logistics support package and training for those manning the systems.

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Ralph Edwin Villanueva - Jason Perkins - Ken Tuffin - Fuel Masters smother Road Warriors in 35-point rout - philstar.com - Philippines - city Pasig - city Manila, Philippines

Fuel Masters smother Road Warriors in 35-point rout

MANILA, Philippines -- The Phoenix Fuel Masters blasted the sluggish NLEX Road Warriors to their second-worst defeat in franchise history, 112-77, Saturday at the Ynares Arena in Pasig City, giving the Road Warriors their second straight loss in the PBA Philippine Cup.

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Maybe no Fed rate cuts in FY24? - philstar.com - Philippines - Usa - county Jerome - city Powell, county Jerome

Maybe no Fed rate cuts in FY24?

A recent CNBC article [link] captured the growing concern that the US Federal Reserve’s first rate cut – the infamous “pivot” – might not happen until “at least September”, and discusses a few analysts (including those from Bank of America) who have said that there is “real risk” that the first cut might not even come until March 2025. All this comes after the Fed’s Chairman, Jerome Powell, said that there’s been a “lack of further progress” on the Fed’s fight against inflation and that it’s going to take even longer than expected to back off the high rates needed to contain the inflationary risk. Analysts in the article point to Mr. Powell’s desire to see sustained evidence of inflation’s demise across consecutive months, with one analyst from Moody’s saying that even if the US saw three straight months of 2% or lower inflation, the earliest the Fed could begin cutting rates would be five months from now in September.

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Balai Ni Fruitas acquires Sugarhouse - philstar.com - Philippines

Balai Ni Fruitas acquires Sugarhouse

Balai Ni Fruitas [BALAI 0.40, down 4.8%; 31% avgVol] [link], a subsidiary of the Lester Yu-controlled Fruitas [FRUIT 0.80 unch; 231% avgVol], disclosed that it will acquire the bakeshop Sugarhouse in a deal that is scheduled to close by the end of the month. BALAI will gain full control of the entire enterprise, including the side catering business and the commissary. No financial terms were disclosed, as the value of the transaction does not exceed P56 million (10% of BALAI’s assets).

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