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MANILA, Philippines — The killing of an Australian man and two Filipinas in a hotel in Tagaytay, Cavite is deemed solved after criminal complaints were filed against the suspect, the Philippine National Police (PNP) said yesterday.
MANILA, Philippines — The names Alice Guo and Guo Hua Ping have both been placed in the Immigration Lookout Bulletin (ILBO), the Bureau of Immigration said Wednesday.
Cebu Pacific [CEB 29.25, up 0.5%; 91% avgVol] [link] was halted for one hour yesterday after the discount airline disclosed that its board of directors had approved a plan to eliminate its P16.2 billion retained earnings deficit using its additional paid-in capital (APIC). The move would leave CEB with approximately P4.4 billion in remaining APIC. Shares of CEB flash-crashed around 2.5% just 15 minutes before the disclosure hit the EDGE servers and before the shares were halted. Shares had recovered somewhat just before the halt and even ticked slightly higher once the halt was lifted at 1:33 PM to see shares close up 0.5% on huge end-of-day buying interest.
Cirtek [TECH 1.68, up 5.7%; 248% avgVol] [link] requested the PSE to suspend its Bonus Detachable Warrants [TECHW 0.08, up 85.7%; 630% avgVol] on August 13. TECHW holders have until August 16 to exercise their options before the warrants are scheduled to automatically delist on August 19. Any unexercised warrants will expire if they are not exercised before the end of the Exercise Period on August 16.
RL Commercial REIT [RCR 5.63 unch; 251% avgVol] [link] disclosed that deeds of assignment had been signed between RCR and its sponsor, Robinsons Land [RLC 15.20, up 0.5%; 77% avgVol], for 13 commercial assets valued at P34 billion after the RCR board obtained shareholder approval the previous day. RCR purchased the assets from RLC using a property-for-share swap transaction, which will transfer nearly 5 billion primary common shares of RCR to RLC at a P6.80/share valuation. The transaction will increase RLC’s stake in RCR from 50.05% to 65.90% once the deal is approved by the SEC. RCR has said that the income from the properties will accrue to RCR shareholders as of April 1, 2024.
PNP chief Gen. Rommel Francisco Marbil has ordered an intensified crackdown against high-value criminals and wanted individuals nationwide.
MANILA, Philippines — A bakery in Legazpi, Albay is going viral after it baked a cake worth P1,400 for a deaf father who paid P100 to give his eldest son a graduation gift.
MANILA, Philippines — The Banko Sentral ng Pilipinas (BSP) on Wednesday said it approved several amendments to foreign exchange (FX) reporting among banks, including setting a P1 million penalty for transactional violations.