Changes sought in proposed sovereign wealth fund board with directors from private sector 

AMENDMENTS were proposed on Thursday to the composition of the board of directors for the planned sovereign wealth fund, with the inclusion of representatives from the private sector and academe who will not be chosen by the president.    At an online hearing of the House banking committee, Government Service Insurance System (GSIS) President Jose Arnulfo […]

Marcos to slash tariffs on EVs, parts

THE NATIONAL Economic and Development Authority (NEDA) Board, chaired by President Ferdinand R. Marcos, Jr., has approved an executive order (EO) that will slash tariffs on some electric vehicles (EVs), as well as guidelines for public-private partnership projects (PPPs) and a new P11.42-billion fisheries and coastal resiliency project. Socioeconomic Planning Secretary Arsenio M. Balisacan said […]

Kitchen Culture’s Extraordinary General Meeting (EGM) on 25 November 2022: 100% of eligible votes were cast in favour of all Resolutions

SINGAPORE, Nov 25, 2022 – (ACN Newswire via – The Relevant Shareholders[3] of Kitchen Culture Holdings Ltd. (“Kitchen Culture”, “the Company” or “the Group”) today announced that all Resolutions tabled at the Extraordinary General Meeting held on 25 November 2022 were approved, with 100% of eligible votes cast in favour of each Resolution and […]

5 years after Marawi siege: Residents push for compensation board creation, updated damage report 

THE PHILIPPINE Army opened an exhibit on Saturday at its headquarters in Metro Manila to commemorate the heroism of government forces who fought against Islamic State-linked terrorists five years ago in Marawi, where residents of the southern Philippine city affected by the destructive siege called on the administration to address issues that continue to hamper […]

Kitchen Culture Rejects Requisition to Remove 5 Directors, Sharply Criticises Major Shareholder OOWAY Group for Factual Inaccuracies and Mischaracterisations to the Media

SINGAPORE, Oct 14, 2022 – (ACN Newswire via – The Board of Directors (the “Board”) of Kitchen Culture Holdings Ltd. (“Kitchen Culture” or the “Company”) today rejected a requisition to remove 5 of its 6 directors, and sharply criticised its largest shareholder, OOWAY Group Ltd. (“OOWAY”), for conveying to the media factual inaccuracies and […]

Philippines to rejoin Extractive Industries Transparency Initiative

THE PHILIPPINES has expressed its intention to rejoin the Extractive Industries Transparency Initiative (EITI) after the previous administration withdrew earlier this year, the Department of Finance (DoF) said. “We submitted our letter of intent last Monday. We hope that its implementation can complement and can strengthen the regulation of the sector in the Philippines,” Finance […]

Union questions MCWD board of directors over ‘last minute’ accommodation of Casas’ application for assistant general manager

THE conflict between the employees of the Metropolitan Cebu Water District (MCWD) and its board of directors continues to rear its ugly head.This as MCWD’s Employees Union (MEU) alleged that its board led by their chairman, lawyer Jose “Joey” Daluz III, manipulated its selection process to give favor to former Cebu City administrator Floro Casas […]

Cebu City plans to convene motorcycle-for-hire board

CEBU City Councilor James Cuenco, chairman of the committee on transportation, hopes to convene a motorcycle-for-hire regulatory board to address the issue of overpricing and the lack of traffic discipline by some erring “habal-habal” drivers.Cuenco told SunStar Cebu Friday, Sept. 2, 2022, that it is now time for the City Government to regulate “habal-habal” or […]

CCSC board holds 1st meeting

THE new composition of the Cebu City Sports Commission (CCSC) board convened for the first time at the House of Lechon Restaurant to discuss plans for the city’s sports program.CCSC led by its chairman John Pages formally welcomed the new members of the board, renowned sports physician Dr. Rhoel Dejaño and Councilor Noel Wenceslao.Dejaño spoke […]

Zamboanga City mayor asks water district board members to resign as 1st step to resolving supply woes  

MAYOR John M. Dalipe has asked the top officials of the Zamboanga City Water District (ZCWD) to immediately file their courtesy resignations as an initial step to addressing the city’s longstanding supply and distribution problems.    In a letter dated August 11 and made public through the city’s official Facebook page, Mr. Dalipe told the ZCWD […]

Pages: Exciting times for Cebu sports

THE Cebu City Sports Commission’s (CCSC) has promised to help promote sporting events in the city as training and competitions start to increase in a new normal setup.Just last week, the appointment paper for the new and official composition of the CCSC board was released by the Cebu City Government.CCSC chairman John Pages will lead […]

Tesla shareholders broadly follow board recommendations at annual meeting

Tesla Inc. shareholders voted for board recommendations on most issues at the company’s annual meeting on Thursday, including re-electing directors, approving a stock split, while rejecting proposals focused on environment and governance. Votes on three of the 13 proposals did not follow board recommendations, according to preliminary tallies presented at the annual shareholder meeting in […]

Philippines withdraws from global initiative on extractives transparency

THE Philippines has withdrawn from the Extractive Industries Transparency Initiative (EITI) on the back of questionable metrics and procedures for assessing the compliance of implementing-countries with the international organization’s transparency requirements.In a June 20, 2022 letter addressed to EITI chairman and former New Zealand prime minister Helen Clark, Finance Secretary Carlos Dominguez III called Eiti’s […]