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MANILA, Philippines — The Presidential Anti-Organized Crime Commission (PAOCC) is pushing to remove middlemen SIM card sellers to prevent scammers from using fake identities when registering subscriber identity modules.
MANILA, Philippines — Tycoon Manuel V. Pangilinan’s Manila Electric Co. (Meralco) has secured a P34-billion investment from UK-based private equity firm Actis to boost the development of the world’s largest solar project.
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.”