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MANILA, Philippines — Kim Chiu revealed that her "Linlang" co-star Paulo Avelino is proud of her after she got nominated as Best Female Lead in a TV Program/Series at the ContentAsia Awards 2024 held in Taiwan yesterday.
SHANGHAI, China — The world's largest indoor ski resort officially opened in Shanghai after years of delays, the latest megaproject catering to China's growing love affair with winter sports.
COTABATO CITY — Two Moro men from a far-flung town were killed in a daytime ambush in Barangay Kurintem in Datu Odin Sinsuat in Maguindanao del Norte on Thursday morning, September 5.
MANILA, Philippines — Linkin Park revealed its new co-vocalist and drummer, as well as the name of its new album dropping in November.
Meralco [MER 406.00, up 0.8%; 54% avgVol] [link] clarified reporting yesterday that it had purchased an additional 11.6% stake in SP New Energy [SPNEC 1.30, up 0.8%; 277% avgVol] from Leandro Leviste’s Solar Philippines (SPPPH) for P7.5 billion. In its note, MER said that it actually “extended a one year loan of P6.7 Billion exchangeable into 5.8 Billion SPNEC shares at maturity”. Later on, SPNEC was asked to clarify some points of the deal by the exchange, which it did in a reply that revealed: (1) the maturity date of the loan is September 2, 2025; (2) SPPPH will pay interest of 12% per year, with the ~5.8 billion SPNEC shares pledged as a security interest on the loan; (3) the ~5.8 billion shares are secondary shares (from SPPPH); and (4) there is an additional P0.8 billion tranche of the loan that is “subject to certain conditions.”
Reporters asked AFP chief Romeo Brawner at what point he’ll seek allies’ help in West Philippine Sea rotations-resupplie“When our troops are already hungry, they don’t have food anymore because our resupply missions have been blocked and they’re on the verge of dying,” he replied.
Trading suspensions are a semi-regular occurrence on the PSE, as they are the “stick” that the rules give to the PSE to brute-force corporations into compliance for a wide range of non-compliant behaviors. Most of the PSE’s suspensions are for companies that have failed to submit their Annual or Quarterly Report (sometimes both), but there have been an increasing number of suspensions handed out for public float violations, which is a more serious problem (as we’ll get into). This post is all about suspensions, what they are, what they do, and why they’re trouble for investors. Major disclaimer: I suspect this post is of most interest to medium- and long-term investors (like me) who hold positions in the market for years at a time.
MANILA, Philippines — The legal team of dismissed Bamban mayor Alice Guo welcomed her apprehension in Indonesia and her impending repatriation, saying this would allow them to answer allegations and issues lodged against her.