11 people dead in Binondo fire
(UPDATES) ELEVEN people were killed in a fire that hit a building along Carvajal Street in Manila's Binondo district on Friday.
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SC: Electric cooperatives do not have right to exclusive franchise
MANILA, Philippines – A Supreme Court ruling dismissed the petition of the Iloilo Electric Cooperative, Inc. I, II, and III (ILECOs) that challenged the validity of Republic Act (RA) 11918, which expanded the franchise of another electricity provider, MORE Electric and Power Corp. (MORE), to areas within ILECOs' franchise.
Electric cooperatives have no right to monopolize an area, Supreme Court rules
MANILA, Philippines — The Supreme Court (SC) on Thursday said that electric cooperatives do not have a right to an exclusive franchise in an area.
Alice Guo and Guo Hua Ping's fingerprints match, says Comelec
MANILA, Philippines — The fingerprints of suspended Bamban, Tarlac Mayor Alice Guo and Chinese national "Guo Hua Ping" match, according to the Commission on Elections' panel investigating the embattled mayor.
Bumina-ang in fight of his life vs Mongolian under fresh ONE contract
MANILA, Philippines -- Ahead of perhaps the biggest fight of his life thus far, Carlo Bumina-ang aims to apply what he has absorbed in the past six years.
![[SPLIT News Alert] DAR-Agusan del Sur re-organizes BARC to help in the implementation of Project SPLIT - dar.gov.ph](https://balita.org/storage/thumbs_400/img/2024/8/1/33603_5qe2.jpg)
[SPLIT News Alert] DAR-Agusan del Sur re-organizes BARC to help in the implementation of Project SPLIT
To strengthen and bolster the implementation of the Support to Parcelization of Lands for Individual Titling (SPLIT) project in the province of Agusan del Sur, the Department of Agrarian Reform (DAR) recently conducted the reorganization of the Barangay Agrarian Reform Committee (BARC) in the town of Rosario and orientated its members on the new programs and projects of the department.
Robinsons Retail swimming in that BPI merger money
Robinsons Retail [RRHI 36.00 ?1.1%; 32% avgVol] [link] teased its H1 and Q2 financial results in a press release, where it revealed that RRHI’s Q2 net income was P1.9 billion, up 34% from its Q2/23 net income of P1.4 billion, with core net earnings up 15% to P1.5 billion. RRHI attributed the jump in Q2 income to “higher dividend income” from its stake in BPI [BPI 122.10 ?0.7%; 127% avgVol], and from “lower losses from associates.” RRHI reported that its “operating income continued to accelerate relative to the topline” thanks to “improvements in sales mix, higher vender support, and optimized costs.”MB BOTTOM-LINE: That BPI dividend income is going to provide a helpful tailwind for RRHI’s earnings for the remainder of the year, but soon that is just going to be a baked-in benefit that won’t even raise an eyebrow. Such is the life of a public company. As a long-term investor, I like how RRHI is already doing what it can to let investors see beneath the layer of dividend cash, to get us to notice the 15% y/y bump in core earnings (which exclude the BPI divs) and the 7.3% y/y bump in operating income. This tells me that the focus and attention of the management team is in the right place for RRHI shareholders.
Japanese Olympic superfan back with a bang in Paris
PARIS, France — Japanese Olympic superfan Kyoko Ishikawa had to watch the Tokyo Games from her couch three years ago, but she is back with a flag-waving, whistle-blowing bang in Paris.