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Citicore Renewables CEO bought P11.5M worth of CREC - philstar.com - Philippines

Citicore Renewables CEO bought P11.5M worth of CREC

Citicore Renewable Energy [CREC 2.70 unch; 25% avgVol] [link] disclosed that its President and CEO, Oliver Tan, purchased ~4.4 million shares of CREC last week at an average price of P2.61/share, for a total spend of P11.5 million. Mr. Tan bought the shares across 29 transactions ranging in price from a low of P2.47/share to a high of P2.69/share. The buying spree effectively doubled Mr. Tan’s indirect ownership of CREC to approximately 0.1% of CREC’s outstanding shares.

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NexGen IPO is today - philstar.com - Philippines

NexGen IPO is today

NexGen [XG 1.68] [link] will hit the open market today for the first time after a successful IPO offer period. XG is a renewable energy subsidiary of Dexter Tiu’s Pure Energy Holdings and is a sister company of Repower Energy Development [REDC 5.50, up 6.0%; 789% avgVol]. Reports indicate that demand was strong enough for XG’s IPO stock to require exercise of the over-allotment option to satisfy subscription applications, but there was no indication that demand exceeded the over-allotment amount. XG will begin trading this morning with a stabilization fund that will run through August 15.

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Eli Remolona-Junior - Maharlika boss reportedly seeking P2.5M monthly salary - philstar.com - Philippines

Maharlika boss reportedly seeking P2.5M monthly salary

The STAR reported that “sources within the economic team” [link] said that Rafael Consing, the President and CEO of Maharlika Investment Corp. (MIC), is seeking a basic monthly salary of P2.5 million. That rate would exceed the salaries given to the country’s highest-paid economic managers, including that of Eli Remolona Jr., the governor of the Bangko Sentral ng Pilipinas. The sources quoted implied that the controversy about Mr. Consing’s requested salary is at least partially to blame for the MIC’s slow start, as the back-and-forth on the pay issue has held up the MIC’s investment and development activity.

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Sherwin Gatchalian - Mark Ernest Villeza - Alice Guo - Jaime Santiago - NBI finds 1,200 fake birth certificates in Davao del Sur - philstar.com - Philippines - China - city Santiago - city Manila, Philippines

NBI finds 1,200 fake birth certificates in Davao del Sur

MANILA, Philippines — Not just 200, but up to 1,200 foreigners believed to be Chinese nationals obtained Philippine birth certificates through late birth registration in the Davao del Sur town of Sta. Cruz since 2016.

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Ferdinand Marcos-Junior - Sonny Angara - Jean Mangaluz - Marcos urged: Fast-track FOI, other measures to materialize investment pledges - philstar.com - Philippines - city Quezon - city Manila, Philippines

Marcos urged: Fast-track FOI, other measures to materialize investment pledges

MANILA, Philippines —The Makati Business Club (MBC) called on President Ferdinand Marcos Jr. to hasten the passage of several measures, including the Freedom of Information bill. 

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John Unson - Prexy Tanggawohn - Cops seize P1.5-M worth of cigarettes from Sulu, Tawi-Tawi operations - philstar.com - Indonesia - Malaysia - region Office-Bangsamoro - city Cotabato - city Bongao

Cops seize P1.5-M worth of cigarettes from Sulu, Tawi-Tawi operations

COTABATO CITY — Policemen confiscated P1.5 million worth of imported cigarettes in separate anti-smuggling operations in Bongao, Tawi-Tawi and in Patikul, Sulu in two days.

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John Unson - PDEA-12 agents arrest couple operating drug den in Cotabato - philstar.com - Philippines - province Cotabato - city Cotabato - city Operation

PDEA-12 agents arrest couple operating drug den in Cotabato

COTABATO CITY —Anti-narcotics agents seized P91,800 worth of shabu from a couple operating a drug den in Barangay Cabaruyan in Libungan, Cotabato. They were arrested along with six others on Friday.

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Pro Tempore - Press Release - Jinggoy issues stern warning vs TV, movie producers violating the Eddie Garcia law - legacy.senate.gov.ph

Press Release - Jinggoy issues stern warning vs TV, movie producers violating the Eddie Garcia law

SENATE President Pro Tempore Jinggoy Ejercito Estrada has issued a stern warning against production outfits flagrantly violating the recently-enacted Eddie Garcia law, saying they could already be held liable pending the issuance of the Implementing Rules and Regulations (IRR) of Republic Act No. 11996.

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