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MANILA, Philippines: The northeast monsoon or «amihan,» which is now outside the Philippine Area of Responsibility (PAR), may re-enter the country, bringing with it cold nights and mornings that may last until the end of March, the state-run weather bureau said on Friday.
MANILA, Philippines — Two months after the reported dumping of tomatoes, the wholesale price of the produce at the Nueva Vizcaya Agricultural Terminal (NVAT) has soared to P70 per kilo due to shortage.
MANILA, Philippines – The historic Ninoy Aquino Stadium in Manila is among the arenas that will host PBA games in the upcoming Philippine Cup.
Back in mid-January, news broke that Ayala Corp. [AC 714.50, up 0.6%] [link] was looking to sell its 35% stake in Light Rail Manila Corp. (LRT-1) to the Villar Group, but that AC’s co-investor, Metro Pacific Investments (MPI), had the right of first refusal under its shareholders agreement. Now comes news from MPI that it is “interested” [link] in exercising its right as buying AC’s stake in LRT-1 would “make it easier for [MPI] to move if [LRT-1] were majority-owned, fully under the control of MPIC.” AC is selling its 35% stake in LRT-1 to re-align its portfolio away from infrastructure and toward property, telecom, and energy. MPI already has a 35.8% stake in LRT-1, so acquiring the AC stake would give MPI a 70.8% stake and complete control of LRT-1.
MANILA, Philippines — A man was arrested for allegedly carrying bullets for a .40-caliber handgun into the Metro Rail Transit Line 3 (MRT-3)’s GMA-Kamuning station in Quezon City on Tuesday.
MANILA, Philippines — The award-winning historical film "GomBurZa" is headed to the United States (US) and United Arab Emirates (UAE) by end of this month.
The PSE gave notice to Metro Global Holdings [MGH suspended] [link] that it has six months to increase its public float above 10% to comply with the PSE’s Minimum Public Ownership (MPO) rule or be “automatically delisted” from the stock exchange. MGH’s public float was pushed below the MPO threshold after a transaction to increase MGH’s authorized capital stock was approved by the SEC, and a large block of shares was “deemed issued” to MGH’s parent company, Fil-Estate Management (FEM). According to MGH’s website, the company’s shares “have been voluntarily suspended since March 20, 2007, to allow the Company to re-align its business and explore new strategic directions.”
MANILA, Philippines — The Department of Health (DOH) has allocated P55 million to meet its target of screening three million women for cervical and breast cancer this year.