Microsoft to train Filipino women in AI, cybersecurity
MANILA, Philippines — Tech giant Microsoft said Tuesday it will train 100,000 Filipino women on artificial intelligence technology and cybersecurity.
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Roxas and Co went near-ceiling on solar farm speculation
Roxas and Company [RCI 0.88, up 49.1%] [link] saw its shares shoot up 49% in yesterday’s trading session, prompting an inquiry from the Capital Markets Integrity Corp. (the market watchdog) for an explanation. RCI responded that it has “no knowledge or information that may account for the unusual movement of its stock price”. However, there was significant speculation in several online forums on the potential use cases for the 1,619 hectares of land that the Department of Agrarian Reform recently confirmed to belong to RCI. The speculation centered around the possibility that Manny Pangilinan, through his control of Metro Pacific Investments and SP New Energy [SPNEC 1.08 unch], could leverage MPI’s connections with RCI to use its voluminous land holdings as potential sites for future solar farms under the SPNEC banner. None of the companies involved have made any statements (that I could find) in support of the speculation’s thesis, but the pump happened anyway.
Tiger Tank Batch ’95 now 3-0 in CECABA cagefest | The Freeman
CEBU, Philippines — The Tiger Tank Batch 1995 blasted Cebu Lucky Machinery Batch 2001, 64-51, to remain unbeaten in the Cebu Eastern College Alumni Basketball Association’s 17th Dr. Chen Lieh Fu Memorial Cup over the weekend at CEC’s Chiang Kai-shek Gymnasium.
Speaker lauds $1 billion US trade investments
MANILA, Philippines — Speaker Martin Romualdez has commended the announcement of over $1 billion in investments from high-level US trade and investment mission firms, saying it was a significant vote of confidence in the Philippine economy.
Philippines says US will address concerns over garment exports held up on suspicion of forced labor
MANILA, Philippines (AP) — The U.S. commerce secretary has committed to address concerns by the Philippines after American authorities held up shipments of garments on suspicion that cotton was produced by forced labor in China’s Xinjiang region, Philippine officials said Tuesday.
British Chamber promotes increased collaboration, ease of doing business
The British Chamber of Commerce Philippines (BCCP) expressed its aim to further deepen the continuously growing trade relationship between the UK and the Philippines. It also emphasized the significance of promoting the ease of doing business in boosting investor confidence in the country.
Premium Leisure Corp to be voluntarily delisted
The PSE suspended trading in Premium Leisure Corp [PLC 0.74 suspended] [link] yesterday after PLC’s parent company, Belle Corp. [BEL 1.92, up 50.0%], announced that it would conduct a tender offer for all of PLC’s outstanding common shares “for the purpose of eventually causing the filing of an application for the voluntary delisting of PLC.” The suspension of trading for PLC shares will be lifted this morning, but the timeline for any tender offer will rely on the BEL board’s approval of the valuation report from the independent third-party valuation firm that BEL has engaged (First Metro). Once approved, BEL will be able to establish a price and timeline for the tender offer and we should get better clarity on the overall process.
De Lima to seek demurrer on final drug case
MANILA, Philippines — The camp of former senator Leila de Lima is set to file a motion for leave of court to file a demurrer to evidence in connection with the third and final drug case filed against her.