Army installs new Chief Public Affairs
The Philippine Army installed a new Army Chief Public Affairs in a Joint Change of Chiefs of Office and Assumption Ceremony with the Army Chief of Staff Maj. Gen. Potenciano C.
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New Army International Military Affairs Chief assumes post
The Philippine Army installed Col. Tommy A. Deliva as the new Chief of the Office of the International Military Affairs (OIMA), replacing outgoing Chief OIMA Col.
Que putts way into early contention in Hong Kong Open
MANILA, Philippines -- Angelo Que blazed the Hong Kong Golf Club’s surface with near-impeccable putting, coming up with 24 as he fired a four-under 66 and trail Spain’s Eugenio Chacarra and Aussie Cameron Smith by three at the start of the Hong Kong Open in Fanling on Thursday.
Unprecedented family financial support for Monde's meat alternative business
Monde Nissin [MONDE 7.90 unch; 79% avgVol] [link] announced a bizarre and remarkable commitment from Henry Soesanto, MONDE’s CEO, and the rest of MONDE’s controlling shareholders, to offer a one-time cash “top-up” to reduce the net cumulative impairment of Monde Nissin Singapore Pte. Ltd., MONDE’s wholly-owned subsidiary that holds MONDE’s struggling alternative meat business. The commitment will begin for any impairment starting in FY23, and carry through for 10 years for any impairments through FY32, with that one-time payment coming on or before June 30, 2033. The amount of this commitment is capped at 12% of the value of MONDE’s outstanding shares, based on a weighted average of the last five trading days of 2032. The commitment will automatically expire if MONDE ceases to control the entities holding MONDE’s alternative meat assets. The amount of the commitment will also be pro-rated if MONDE retains control of the alternative meat assets but sells a portion of the business to another investor or group of investors. As of yesterday’s closing price, the value of the shares pledged is approximately P17 billion.
Monde Nissin ownership group offers to personally backstop Quorn losses for 10 years, but...
Monde Nissin [MONDE 7.90 unch; 79% avgVol] [link] announced a bizarre and remarkable commitment from Henry Soesanto, MONDE’s CEO, and the rest of MONDE’s controlling shareholders, to offer a one-time cash “top-up” to reduce the net cumulative impairment of Monde Nissin Singapore Pte. Ltd., MONDE’s wholly-owned subsidiary that holds MONDE’s struggling alternative meat business. The commitment will begin for any impairment starting in FY23, and carry through for 10 years for any impairments through FY32, with that one-time payment coming on or before June 30, 2033. The amount of this commitment is capped at 12% of the value of MONDE’s outstanding shares, based on a weighted average of the last five trading days of 2032. The commitment will automatically expire if MONDE ceases to control the entities holding MONDE’s alternative meat assets. The amount of the commitment will also be pro-rated if MONDE retains control of the alternative meat assets but sells a portion of the business to another investor or group of investors. As of yesterday’s closing price, the value of the shares pledged is approximately P17 billion.
Arroyo saw 'nothing new' with House resolution to support Romualdez
MANILA, Philippines — Former president Gloria Macapagal-Arroyo on Wednesday shrugged off the loss of her deputy speaker title at the House of Representatives, explaining that she did not sign the resolution by the lower chamber's leaders to defend House Speaker Martin Romualdez as she was abroad at the time and it was "nothing new."
Willie Miller named Converge assistant coach
MANILA, Philippines – Former PBA star Willie Miller has been appointed as an assistant coach for the Converge FiberXers.
Dong Gonzales resigns from PDP-Laban over ex-Pres. Duterte’s 'rotten' remark vs. House
Metro Manila (CNN Philippines, November 6) — Senior Deputy Speaker Aurelio «Dong» Gonzales Jr. on Monday informally resigned from the political party Partido Demokratiko Pilipino–Lakas ng Bayan (PDP-Laban).