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MANILA, Philippines — Japan and Australia have vowed to continue supporting the Philippine Coast Guard amid what they see as China's efforts to "normalize risky actions" toward the Philippines in the South China Sea.
Department of Agrarian Reform (DAR) Secretary Conrado M. Estrella III warmly welcomed the visiting delegates from the Ministry of Agriculture and Rural Development of Poland, led by Secretary of State Michal Kolodziejczak, seeking to expand relationships and enhance cooperation in the agricultural sector between the Philippines and Poland on September 4, 2024, at DAR Central Office, Quezon City.
MANILA, Philippines — Senators expressed their disapproval after several officials, tasked with apprehending Alice Guo in Indonesia, were seen taking photos with the former mayor.
MANILA, Philippines — Get ready to dream big! The Mega Millions jackpot is climbing to astronomical heights, reaching $740 million, more than P41 billion for this September 6, Friday.
GENERAL SANTOS CITY— Agriculture Secretary Francisco P. Tiu Laurel, Jr. on Wednesday (Sept. 4) underscored the important role played by the tuna industry in generating investments, creating jobs and ensuring the country’s food security at the start of the 24th National Tuna Congress and Trade Exhibit in this southern city, hailed as the tuna capital of the Philippines.
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.
Since the declared banning of Philippine offshore gaming operator (POGO) firms in the country to be effective by the end of this year, residents of Multinational Village in Parañaque City were among those who rejoiced at this official announcement by the government. The official policy to ban POGOs was declared by no less than President Ferdinand “Bongbong” Marcos Jr. (PBBM). In fact, it was roundly applauded during his third State of the Nation Address (SONA) at the joint opening session of the 19th Congress in late July.