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MANILA, Philippines — Filipinos have a “nuanced” view on the possible impact of lifting the foreign ownership restrictions in the 1987 Constitution, according to Pulse Asia president Ronald Holmes.
MANILA, Philippines — A day after President Marcos certified as urgent the proposed amendments to the Rice Tariffication Law (RTL), a House committee approved yesterday a bill amending the measure.
With a population estimated at 118 million as of January this year, it is disheartening to learn that 40 million Filipinos still lack access to freshwater sources. This was disclosed by President Marcos himself, who ordered relevant agencies yesterday to provide safe water supply to those 40 million.
MANILA, Philippines — Customers of NEXT BASKET, referred to as Partners, have two options for utilizing the platform‘s services: either (1) independently managing their online store or (2) entrusting NEXT BASKET‘s experts, known as Business Without Employees, to handle all management and related business activities.
WASHINGTON, United States — Changing the way food is produced around the world could significantly reduce greenhouse gas emissions by the end of the decade, the World Bank said Monday.
The PSE suspended Premium Leisure Corp [PLC suspended] [link] for a minimum public ownership violation after a successful tender offer by Belle Corp. [BEL 2.08, up 4.0%; 36% avgVol] took 6,172,192,242 shares of PLC off the market and reduced PLC’s public float to just 0.45%. BEL disclosed that it owns 99.55% of PLC’s outstanding shares after the tendered shares were crossed and settled. The tender offer price offered by BEL for PLC shares was P0.85/share, which was a 15% premium to PLC’s pre-announcement price, but was an 8% discount to the market price after traders learned of BEL’s intent to conduct a tender offer for PLC shares and delist the company.
Semirara Mining and Power [SCC 32.10, down 2.0%; 74% avgVol] [link] posted a Q1 net income of P6.5 billion, down 27.6% y/y from its Q1/23 net income of P9.0 billion, and up 23% q/q from its Q4/23 net income of P5.3 billion. SCC attributed the lower y/y performance to a combination of higher coal-related expenses and lower market prices for electricity and coal. Revenues were down 11% due to the lower selling prices, despite “increased coal and electricity sales volumes”. Coal shipments were up 37% y/y to 4.8 million metric tons, but the average selling price dropped 33% from P4,427/ton to P2,978/ton. The power segment revenues fell 25% y/y due to a 28% drop in the average selling price of electricity.
This is just part of a larger question from reader crossco88 that I’d like to show in its entirety (edited for brevity) because I think the answer is important. Here goes:“Where do you get your information from? How do you decide which info to share with your readers? Like the Bank of Australia and Bank of England rates decision. What made you say that this information is relevant to share with your readers?” This is a great series of questions to ask of any information source.