Shell Pilipinas Corporation: Annual Stockholders' Meeting
The annual stockholders’ meeting of SHELL PILIPINAS CORPORATION will be held virtually on May 14, 2024, Tuesday, 2 p.m. through the Shell Operated Webcast.
Operation latest news
Davao airport runway undergoing repair
MANILA, Philippines — The Civil Aviation Authority of the Philippines (CAAP) has announced the schedule of the closure of the runway at the Davao International Airport due to emergency repairs.
Government downplays PUJ strike; groups claim success
MANILA, Philippines — Striking transport groups claimed that they paralyzed 80 percent of Metro Manila’s public transportation routes yesterday, but the government said the strike “was hardly felt by the riding public.”
Energy projects funded by USAID launched
MANILA, Philippines — The Philippine government yesterday launched energy projects funded by the US Agency for International Development (USAID), aimed at ensuring continued delivery of service and government operations during calamities.
Press Release - Gatchalian urges NTC: Tighten SIM registration law post POGO raids
Senator Win Gatchalian urged the National Telecommunications Commission (NTC) to rigorously enforce provisions of the SIM registration law following the retrieval of a substantial number of Subscriber Identity Module (SIM) cards during a series of search warrant implementations against the Tarlac-based Philippine Offshore Gaming Operator (POGO), now termed as Internet Gaming Licensee (IGL).
Press Release - Hontiveros calls Senate probe into mining and quarrying impacts in PH
Senator Risa Hontiveros is urging the Senate to investigate the environmental and social impact of mining and quarrying activities in the country amid a series of recent incidents linked to such operations adversely affecting communities and ecosystems.
CTS Global FY23 profit: P23-M (down 56%)
CTS Global [CTS 0.71 unch; 5% avgVol] [link] posted a FY23 net income of P23 million, down 56% from the P52 million it reported in FY22. CTS said that its total revenues increased 18% to P103.7 million, driven by interest income from its low-yield government bonds. CTS booked P0.5 million in combined trading revenue from its global and local trading desks, down 98% from the P32.5 it earned the previous year. Domestically, CTS earned P20.6 million in income, down 20% from the previous year’s P25.9 million. Internationally, CTS lost P20.1 million, down 404% from the previous year’s P6.6 million. CTS blamed its poor trading performance on the “broad equity weakness” that resulted from “the US Fed’s stance to keep interest rates higher for longer to combat inflation and among other various events that introduced uncertainty into the markets.” CTS also noted “elevated geopolitical tensions”, “erratic adjustments to interest rates across major economies”, and “persistent volatility in commodity prices” as drivers of the “tumultuous conditions” that made trading operations difficult.
Alleged BIR, SEC fixer nabbed in sting ops
BAGUIO CITY, Philippines — An alleged fixer claiming close ties to top officials of the Bureau of Internal Revenue (BIR) and the Securities and Exchange Commission (SEC) was apprehended in a sting operation Friday morning.