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MANILA, Philippines – The Senate Committee on National Defense will investigate today, Wednesday, on the reported wiretapping of a Philippine military official by a Chinese diplomat in violation of Republic Act 4200 or anti-wiretapping law.
MANILA, Philippines — Land distribution to agrarian reform beneficiaries (ARBs) will be finished in the next four years or before his term ends, President Marcos vowed yesterday.
Manila, Philippines — President Ferdinand Marcos Jr. has extended his condolences to the people of Iran and the Iranian government following the death of President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian in a helicopter crash.
MANILA, Philippines — A man who dragged his pet dog behind his motorcycle in Masbate City has been convicted of animal cruelty.
Jollibee [JFC 224.00, up 0.9%; 300% avgVol] [link] posted a Q1 net income attributable of P2.6 billion, up 27% from its Q1/23 net income attributable of P2.1 billion. JFC said it was able to grow profit margins and exceed its Q1 performance outlook thanks to “healthy top line growth combined with further operational efficiencies and effective management of expenses”. JFC’s system-wide sales were up 10.4% to P86.8 billion due to new store additions and same-store sales growth was up 5.5%, which JFC said was due to increased volume. Across all of JFC’s segmented business units, “Europe, Middle East, Asia” had the largest same-store sales growth (+14.7%) and system-wide sales growth (+25.5%). The “People’s Republic of China” and “Highlands Coffee” were negative in terms of same-store sales growth (-3.7% and -9.0%, respectively), and only the People’s Republic of China business unit was negative in terms of system-wide sales growth (-3.7%). JFC said that its difficulties in China are partly due to a high bar effect from last year’s success, and a slowdown in the quick service restaurant industry in that country more generally. JFC said that while Highlands Coffee saw its same-store sales growth fall 9.0%, it did “better than industry” and managed to gain 4% market share during that period.
I thank President Ferdinand Marcos, Jr. for his commitment to continuing the provision of free higher education in our public universities and colleges. His commitment affirms the principle we held when we pushed for the passage of the free higher education law under Republic Act No. 10931 or the Universal Access to Quality Tertiary Education Act: that education is an investment and not a burden to the Filipino people.
Through the office of Senator Lito Lapid, about 1,900 beneficiaries from the municipalities of Mabini and San Jose in Batangas received financial assistance from the Assistance to Individual in Crisis Situation (AICS) program of the Department of Social Welfare and Development.
MANILA, Philippines — The House of Representatives approved on second reading on Wednesday several pieces of legislation, including the controversial absolute divorce bill that the Catholic Church has vehemently opposed for decades.