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MANILA, Philippines — The SIM card registry of three telecommunications firms in the Philippines must be linked to the national ID database for the authentication of identities, according to the Department of Information and Communications Technology.
AbaCore Capital [ABA 0.99 unch; 89% avgVol] [link] was asked by the SEC to comment on a March 5 article in BusinessWorld [link], entitled “AbaCore secures $1.6-M investment from Singapore-based firm”. In the article, BusinessWorld quoted ABA talking about the Singaporean investor as being “long-term oriented” and based in “emerging Asia”. ABA also mentions that the investor bought $1.6 million (~P94 million) worth of ABA shares, and plans to buy up to $4 million (~P234 million) more. In its clarification to the SEC, however, ABA struck a different tone. ABA said that the transaction didn’t involve primary shares or treasury shares, saying that “it appears that it involves the purchase of shares by investors from shareholders of ABA at the time in the open market.” ABA said that it “ had no knowledge nor participation in said investment decision of the parties involved”, and had “no direct involvement, participation, or solicitation in the BusinessWorld article”. The company said it is “pleased to hear that a group of foreign institutional investors invested in the shares of Abacore through the facilities of the PSE.”
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Senate Majority Leader Francis 'Tol' Tolentino reported on Thursday (July 11) that the town councilor who first alerted him about the case of the two fishers who figured in the 'hit-and-run' incident in Bajo De Masinloc, has passed away.
THE Department of Social Welfare and Development (DSWD) and the Social Security System (SSS) will launch today a low-cost social insurance program for Pantawid Pamilyang Pilipino Program (4Ps) family beneficiaries.
MANILA, Philippines — The legal team of embattled Bamban, Tarlac Mayor Alice Guo has petitioned the Supreme Court (SC) to annul and set aside the subpoena issued by the Senate in connection with the investigation into criminal activities involving Philippine offshore gaming operators (POGOs).
Premium Leisure [PLC suspended] [link] had its petition to delist approved by the PSE yesterday, and will be delisted from the exchange effective July 9, 2024. This comes after Belle Corp. [BEL 2.44, down 0.4%; 263% avgVol] successfully acquired 99.55% of PLC’s outstanding shares through a combination of existing holdings and the tender offer that it conducted earlier this year. Trading of PLC shares has been suspended since May 7 after BEL’s tender offer pushed PLC’s public float below the 10% minimum required for active trading.
