Balita.org: Your Premier Source for Comprehensive Philippines News and Insights! We bring you the latest news, stories, and updates on a wide range of topics, including politics, culture, economy, and more. Stay tuned to know everything you wish about your favorite stars 24/7.
MANILA, Philippines — Mobile services provider Smart Communications, Inc. (Smart) has announced its exclusive ticket redemption promo to make it so much easier for Filipino fans to get hold of tickets to the much-anticipated +-= ÷x Tour or the “Mathematics Tour” of global music icon Ed Sheeran happening at the SMDC Festival Grounds on Saturday, March 9.
SP New Energy [SPNEC 1.11, up 0.9%] [link], Meralco’s [MER 373.00, down 1.8%] new renewable energy subsidiary, confirms a report that it was seeking investors to help fund the development of the 3.5 GW Terra Solar project, but clarified that it is only seeking investors “at the Terra Solar Philippines Inc. level,” and that it has only “just launched the process and are still in discussions with various possible investors.” Manny Pangilinan, the Chairman of SPNEC and SPNEC’s ultimate parent company said that they need investors “to help us in financing” as MER is starting “to see the complexities that flow from the execution of a project of this scale.” Mr. Pangilinan said that SPNEC is speaking with foreign investors, but did not indicate if that was in addition to potential domestic investors.
MANILA, Philippines — Up to 90,000 voters are expected to participate in a plebiscite that will ratify the creation of eight new municipalities in the Bangsamoro Special Geographic Area on April 13.
CAMP OLIVAS, Pampanga, Philippines — Four suspected communists surrendered to authorities in Central Luzon over the weekend.
Bloomberry [BLOOM 11.38, down 1.9%] [link], the gaming arm of Enrique Razon’s diversified empire, posted a FY23 consolidated net income of P9.5 billion, up 85% over its FY22 net income of P5.1 billion. Consolidated net revenues were up 35% to P48.4 billion, while total gross gaming revenues (GGR) were up 16% to P58.3 billion. BLOOM said that its FY23 GGR “has recovered to 97% of the 2019 level”, which BLOOM attributed to the success of its “domestic-focused mass tables” and “Electronic Gaming Machines” segments. BLOOM said that their combined performance is now “116% of pre-pandemic levels”.
MREIT [MREIT 13.36, down 1.3%] [link] declared a Q4/23 dividend of P0.246/share, payable on April 26 to shareholders of record as of March 18. The dividend maintains MREIT’s annualized yield of 7.37%. The total amount of the dividend is P688 million, which is 97% of the P709 million in distributable income that MREIT reported for the quarter. Relative to MREIT's IPO price, the dividend increased MREIT's total stock and dividend return to -1.84%, up from its pre-dividend total return of -3.37%.
Sa paglabas ng report ng Second Congressional Commission on Education (EDCOM II), nagkaroon tayo ng mas malinaw na ideya kung ano ang mga hamong kinakaharap ng sektor ng edukasyon.
MANILA, Philippines — The Philippine Space Agency (PhilSA) and the Department of Environment and Natural Resources (DENR) have collaborated to develop a nationwide mangrove map using remote sensing data, a vital tool for conservation efforts.