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MANILA, Philippines — President Marcos has declared a portion of land in Tondo, Manila for ownership and development by the Department of Human Settlements and Urban Development (DHSUD) for the government’s socialized housing program.
PARIS, France — Nearly a third of all adults are not doing enough physical activity, posing a growing threat to health across the world, a major study said.
MANILA, Philippines — Despite China’s aggressive actions, there is no recommendation yet for President Ferdinand Marcos Jr. to convene the National Security Council composed of incumbent officials and former presidents, as proposed by Sen. Francis Tolentino.
The PSE [link] approved the IPO application of NexGen Energy Corp. [XG 1.68 pre-IPO]. The tentative deal dates have the offer period running from July 1 through July 8, with a listing on July 16. The placeholder offer price will be updated or confirmed today. XG is a subsidiary of Pure Energy Holdings Corp. [PEHC] and a sister company of Repower [REDC 5.34 unch; 30% avgVol]. PEHC is owned by the Tiu Family. The preliminary prospectus [link] provides all the information needed to evaluate the deal, which is a firm offer of 300,000,000 primary common shares of XG, and an over-allotment option of 45,000,000 secondary common shares, at a price of P1.68/share, for a total potential deal size of P580 million.
MANILA, Philippines — The June 17 incident in the West Philippine Sea where Chinese Coast Guard (CCG) personnel rammed and boarded a Philippine Navy vessel that led to the injury of one of its crew could not yet be considered an armed attack as defined under the 1951 Mutual Defense Treaty (MDT).
MANILA, Philippines — The government will lose at least P1.18 billion monthly with the National Food Authority Council’s decision to sell old rice stocks at P29 per kilo through Kadiwa stores, the Federation of Free Farmers said yesterday.
MANILA, Philippines — The National Food Authority Council has approved the recommendation to sell aging but good NFA rice stocks at P29 per kilo through Kadiwa stores, Agriculture Secretary Francisco Tiu Laurel Jr. said yesterday.
MANILA, Philippines — Senate Majority Leader Francis Tolentino has written Foreign Affairs Secretary Enrique Manalo urging him to convince the International Committee of the Red Cross to assist in the resupply missions to Ayungin Shoal.