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Senator Christopher "Bong" Go, adopted son of Romblon province, was honored with a plaque of appreciation by the local government of Corcuera town, Romblon, in recognition of his significant contributions to the community.
MANILA, Philippines — The concessionaire behind the North Luzon Expressway (NLEX) will start linking the toll road to C-5 Road by the second quarter of the year to expand access to all corners of Metro Manila.
MANILA, Philippines — Highlights of “minor achievements” and omissions of missed targets underscored the Department of Education’s second Basic Education Report presented on Thursday, according to a nationwide alliance of teachers.
MANILA, Philippines — The Department of Education fell short of its target for classroom construction in 2023, building only around 3,600 new classrooms out of the planned 6,300, based on figures shared by Vice President and Education Secretary Sara Duterte on Thursday.
MANILA, Philippines — A convener of the Stop Kaliwa Dam Network filed a petition for certiorari before the Court of Appeals (CA) on Thursday, challenging the dismissal of an Ombudsman case against officials involved in the construction of the project's access road.
MANILA, Philippines — The Dumagat-Remontado indigenous group, whose lands are affected by the Kaliwa Dam, accused China of breaching its international commitments on human rights, environment and climate change by funding and constructing the project.
On Tuesday, I wrote about Balai Ni Fruitas [BALAI 0.41, up 1.2%; 8% avgVol] and the BALAI board’s reallocation of IPO proceeds to commissary construction [MB link], away from store network expansion. In the write-up, I asked whether the “avoidance of debt and interest expense outweigh the potential topline growth of the company through building new locations”, and noted that it seemed as though BALAI had not made its case to shareholders that de-prioritization of store expansion was the right course of action. Interestingly, BALAI’s Investor Relations team reached out after that story was posted to offer additional background for the reallocation. According to BALAI, it was able to deliver a strong sales performance by using the “distribution network of its sister companies,” by “boosting delivery and 3rd party aggregator sales”, and by “tapping other distribution channels” like Gaisano and Metro Supermarkets branches in Cebu. BALAI said that this reduced the need for BALAI to expand the store network quickly. In addition, BALAI now believes that additional locations can be financed in smaller tranches “either through IPO proceeds and internal cash”, and that this has allowed the company to reallocate proceeds “towards increasing production capacity in Metro Manila and Cebu”. BALAI expects this to “translate to even faster revenue growth in the long-term.”
Sen. Lapid opens Pampanga multi-purpose covered court Senator Lito Lapid on Monday, January 22, 2024, led the opening of a multi-purpose covered court at the Pampanga State Agricultural University (PSAU) in Magalang, Pampanga.