Fuel price increase seen next week
MANILA, Philippines — Pump prices of fuel products are set to increase by as much as P0.90 per liter next week, with gasoline and diesel posting two straight weeks of hikes.
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Press Release - IMEE: Tuloy ang Suporta para sa Young Creatives!
Inilunsad ni Senadora Imee R. Marcos ang ikalawang yugto ng kanyang programang Young Creatives Challenge (YC2) kasama ang Department of Trade and Industry (DTI) noong Huwebes, Setyembre 26.
British Chamber welcomes signing of anti-agricultural economic sabotage law
The British Chamber of Commerce Philippines has welcomed the signing of the Republic Act No. 12022 or the Anti-Agricultural Economic Sabotage Act.
Hotshots even series vs Painters with 52-point beatdown
MANILA, Philippines – The Magnolia Hotshots equalized their PBA Governors’ Cup best-of-five quarterfinal series after completely decimating the Rain or Shine Elasto Painters by 52 points, 121-69, at the Santa Rosa Multi-Purpose Complex in Laguna Friday.
LIVE: Seventh House quadcom hearing on POGOs, illegal drug trade crimes
MANILA, Philippines — The Quad Committee of the House of Representatives, composed of the Committees on Dangerous Drugs,Public Order and Safety, Human Rights, and Public Accounts is continuing its joint inquiry into the connection of Philippine offshore gaming operators (POGOs) and the illegal drug trade on Friday, September 27.
Gin Kings weather Bolts to take Game 1 of PBA quarters series
MANILA, Philippines -- Barangay Ginebra blew a 15-point lead but held on against the Meralco Bolts, 99-92, to draw first blood in their PBA Governors’ Cup best-of-five quarterfinals series Thursday evening at the Ninoy Aquino Stadium in Manila.
Axelum board approves P0.5B share buyback plan
Axelum Resources [AXLM 2.26, up 0.0%; 66% avgVol] [link] disclosed that its board approved a 6-month buyback program with the authorization to purchase up to P500 million worth of AXLM shares at market prices. The terms of the buyback program allow the board to extend the program by an additional six months, and to increase the amount available for the buyback program “from time to time” depending on the circumstances and the availability of unrestricted retained earnings. As reported by InsiderPH, the buyback would represent approximately 5.8% of AXLM’s outstanding shares. Manny V. Pangilinan (MVP) championed Metro Pacific’s P5.3 billion deal to acquire a 34.76% stake in AXLM that was completed back in December 2023, at a purchase price of P3.83/share.
Filinvest Land’s crazy tender offer buyback using FILRTbux
Filinvest Land [FLI 0.83, up 22.1%; 908% avgVol] [link] announced a creative plan to conduct a capped voluntary tender offer for its own FLI shares where payment is settled in Filinvest REIT [FILRT 3.11, up 1.6%; 93% avgVol] shares. Tendering FLI shareholders will receive 32 FILRT shares for every 100 FLI shares tendered (0.32:1 ratio). The total number of shares that FLI will accept through the tender offer is capped at 1,866,000,000, or 7.69% of FLI’s outstanding shares.> What’s going on here? It’s an FLI buyback.