PNP inks deal to bolster legal aid for cops
MANILA, Philippines — The Philippine National Police has signed an agreement with the Public Safety Mutual Benefit Fund Inc. (PSMBFI) to boost legal support for PNP personnel.
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Go receives outstanding public servant award
MANILA, Philippines — Sen. Bong Go has been recognized by the RP-Mission and Development Foundation Inc. (RPMD) as one of the Outstanding Public Servant Awardees for 2023.
House sticking to Holy Week Cha-cha deadline
MANILA, Philippines — Does President Marcos really want a Charter change plebiscite held simultaneously with the 2025 midterm elections? House members prefer to hear it directly from the horse’s mouth.
Paano ginagawa ng PH1WD ang kanilang ‘energy-efficient’ Filipino homes? | Pilipino Star Ngayon
MANILA, Philippines — Anong mga pwedeng gawin para maging energy-efficent ang isang bahay? Ang pagtitipid ng kuryente ay hindi lang nakakabuti sa kapaligiran, ito rin ay makakatulong sa pag-iipon.
Press Release - Co-Sponsorship Speech | Sen. Joel Villanueva
SENATE BILL NO. 2572 UNDER COMMITTEE REPORT NO. 209 Bulacan Airport City Special Economic Zone and Freeport Act
Press Release - Promoting healthcare access in the grassroots, Bong Go provides additional support to indigents during Sibalom, Antique medical mission
Senator Christopher "Bong" Go offered significant support to a medical and dental mission organized by Vice Governor Ed Denosta in Sibalom, Antique on Friday, February 23, as he sent his Malasakit Team to distribute additional aid to the beneficiaries.
Interesting nuggets from AREIT’s analyst briefing
AREIT [AREIT 35.10 unch] held an analyst briefing, and as these things usually go, the AREIT management team took questions from analysts at the end. Here are some of the interesting takeaways from the question period. (1) AREIT’s CEO Carol Mills said that the asset-for-share swap is “the most efficient mechanism” for portfolio growth, but that they would consider acquiring assets with debt “when interest rates are better.” (2) Ms. Mills said that in FY23, AREIT’s average cost of debt was just 3.14% (which she described as “low” due to the bonds that expired in December), but that its current cost of debt has risen to “about 5.8%” (which she referred to as the re-financed rate). (3) The asset mix of AREIT’s portfolio of assets will likely mimic that of its sponsor, Ayala Land [ALI 35.60, down 4.3%]. Ms. Mills said that AREIT is “dominant with offices” right now, but that they “project to have more malls, hotels, and possibly more industrial assets” in the next “two to three years.”
MerryMart increases '2030 VISION' annual sales target 25% to P150-B
MerryMart [MM 1.02, down 1.0%] [link], the grocery and consumer products chain founded by Injap Sia, said in a press release that it has updated its 2030 VISION goal from P120 billion in annual consolidated systemwide sales revenue to P150 billion. This is a 25% increase from the previous target, and 560% larger than MM’s annualized Q3 consolidated systemwide sales figure (P5.68 billion annualized to P22.7 billion). MM didn’t specify the reasons for increasing the goal but did provide various operational updates that seemed positive, such as hitting 200,000 registered members for MerryMart Wholesale. MM also said that it is nearing completion of its new two-hectare distribution center in Laguna. MM said that its goal is to make the MM Wholesale ECommerce platform available “in all 82 provinces of the Philippines”, with a consumer market coverage goal of 99%.