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MANILA, Philippines — Sen. Sherwin Gatchalian on Tuesday rebuked the Philippine Amusement and Gaming Corp. (PAGCOR) for claiming that none of its licensed Philippine offshore gaming operators (POGO) hubs have been raided for illegal activities, pointing out that recent POGO hubs flagged by authorities were licensees.
DMCI [DMC 11.20 unch; 45% avgVol] [link] and a group of Consunji Family-owned companies purchased Cemex Philippines [CHP 1.41 unch; 117% avgVol] from its Mexico-based parent company for P17 billion as part of the Consunji Family’s planned expansion into the cement business and the selling company’s goal to divest of its various Asian operations. While that purchase moves toward an end-2024 completion, the two parties have agreed to a deal that will sell the IP and trademarks associated with the “APO Cement”, “Rizal”, and “Island” brands to CHP for approximately P740 million. As InsiderPH notes, this move will allow the Consunji Family to “rely on the company’s well-known brands to maintain and expand their market position” as the family enters into the “unfamiliar cement business”.
SEOUL, South Korea — Denmark's food agency has recalled South Korean instant ramen produced by a brand popular in the West, warning noodle lovers that they were so hot they might cause "acute poisoning".
MANILA, Philippines — Sen. Risa Hontiveros on Monday sounded the alarm over a reported link of a former government official convicted and sentenced to a 26-year jail term for his involvement in the Priority Development Assistance Fund (PDAF) scam – considered the largest corruption scandal the country has ever seen – to Philippine offshore gaming operator (POGO) operations.
MANILA, Philippines — Interior Secretary Benhur Abalos warned local government executives on their liability in the proliferation of Philippine offshore gaming operators (POGO) and other illegal activities in their respective areas.
Sen. Robinhood "Robin" C. Padilla wants the Senate Committee on Public Order and Dangerous Drugs to look into whether there was a violation of the Philippine National Police (PNP)'s policy to respect human rights during its operation on the Kingdom of Jesus Christ (KOJC) in Davao City last June 10.
Senator Win Gatchalian asserted that some Philippine Offshore Gaming Operators (POGOs), now referred to as Internet Gaming Licensees (IGLs), raided by authorities held valid licenses from the Philippine Amusement and Gaming Corp. (PAGCOR).
FIVE Chinese and a Filipino have been arrested by the police over their alleged involvement in a shooting incident last June 15 in Paranaque City that left two Chinese wounded.