BANGI, Malaysia, Jan 26, 2022 – (ACN Newswire via SEAPRWire.com) – Technology leader in providing fully customised, intelligent manufacturing automation solutions, Genetec Technology Berhad announced their best financial quarter to date for their third quarter ended 31 December 2021 (Q3FY2022). The Company recorded a 2,350% growth on their quarter on quarter (QoQ) profit after tax […]
Ayala Corp. announced on Friday its plan to acquire a 20% share in Singapore-based Yoma Strategic Holdings Inc. (YSH) and a 20% stake in First Myanmar Investment Public Co. Ltd. (FMI). The total investment amounts to $237.5 million, the listed conglomerate said in a stock exchange disclosure. “The transaction supports Ayala’s strategy to pursue international […]
Crop damage from Typhoon Rai has reached P9 billion covering 12 regions and more than 350,000 hectares of farmland, the Agriculture department said on Friday. Production losses hit 194,671 metric tons (MT), affecting 132,658 farmers and fisherfolk, it said in a statement. Fishery damage reached P3 billion or a third of the total, followed by rice at […]
THE PHILIPPINES will remain under Alert Level 2 until Jan. 15 after a slight rise in coronavirus infections, according to health authorities, and amid the threat of a more infectious Omicron variant. An inter-agency task force approved a plan to keep all provinces and highly urbanized cities under the second alert level from Jan. 1 […]
THE Budget department on Wednesday said it has released P7.68 billion to local governments and national agencies for their Typhoon Odette response and recovery efforts. The Department of Budget and Management (DBM) said in a statement that it released P4.85 billion to local government units on Tuesday to distribute as aid to constituents affected by […]
THE government has surpassed the target set for the second phase of its National Vaccination Days (NVD), with close to 7.5 million Filipinos vaccinated against the Covid-19 on Dec….
THE HUSBAND of the fourth Omicron variant case in the Philippines has tested positive for the coronavirus and sequencing is underway to determine if he is carrying the same variant, according to Health authorities. The 37-year-old Filipino took a COVID-19 test on the same day as his wife, Health Undersecretary Maria Rosario S. Vergeire said […]
THE PHILIPPINES has detected its fourth case of the heavily mutated Omicron coronavirus variant in a passenger who arrived from the United States, the Health department announced Monday. A 38-year-old female arrived from the US on Dec. 10 via Philippine Airlines and was quarantined upon arrival, Health Undersecretary Maria Rosario S. Vergeire said an online […]
THE PHILIPPINE Crop Insurance Corp. (PCIC) said it is setting aside around P828 million for potential payouts to farmers and fisherfolk in storm-hit provinces. In a statement Thursday, the PCIC estimated the number of insured farmers and fisherfolk at around 79,217 in the provinces hit by typhoon Odette (international name: Odette), most of them from […]
DAMAGE sustained by electric cooperatives from typhoon Odette (international name: Rai) is now estimated at P1.12 billion, about triple the previous estimate, the National Electrification Administration (NEA) said Thursday. The initial estimate was P373.12 million. The NEA said the latest estimate covers 11 cooperatives as of late Wednesday. The agency said 74 cooperatives reported some […]
Poised to Launch 9 New Projects in 2022 and Lead Low-rise Housing Sector BANGKOK, Dec 21, 2021 – (ACN Newswire) – Britania PCL (SET: BRI) is debuting its IPO shares in the stock market, putting forward an impressive performance between 2018 and 2020 with an average annual growth rate of 113%. Revenue during the first 9 months of this […]
THE HEALTH department reported 168 coronavirus infections on Tuesday, the lowest one-day tally since May 22 last year when 163 cases were recorded, although 20 laboratories failed to submit data in the aftermath of typhoon Rai, locally known as Odette. Four laboratories did not operate on Dec. 19. The Philippines now has a total 2.84 […]
Vitarich Corp. has reached an agreement to acquire Barbatos Ventures Corp. (BVC) from Luzon Agriventure Inc. as part of what the listed company called its “vertical integration strategy.” In a stock exchange disclosure on Friday, Vitarich said the acquisition of 100% of the outstanding stock of BVC was for a price of P1.00, with the […]
TOKYO, Dec 17, 2021 – (JCN Newswire via SEAPRWire.com) – NEC Corporation (TSE: 6701) today announced the establishment of the “NEC Orchestrating Future Fund,” a corporate venture capital (CVC) fund aiming to drive the ecosystems required to create social value through collaboration with customers and partners, and to promote new external services, knowledge and technologies. […]
HATCHERIES and broodstock tanks involving the investment of P23 million have been completed this year in Iloilo to help fish producers seed their farms, the Department of Agriculture (DA) said. The facilities are located within the Tigbauan Main Station of the Southeast Asian Fisheries Development Center (SEAFDEC). They have been in development since 2019. The […]
THE PHILIPPINES is set to take delivery of 24 million doses of coronavirus vaccines this week, the country’s vaccine chief said. Vaccine czar Carlito G. Galvez, Jr. said the deliveries this week are more than the usual 7 million doses that the state gets in a week. The shipments include vaccines bought by the government […]
MORE than 25 million AstraZeneca doses have been received by the Philippines to date from the tripartite agreement, donations, and through the Covax facility. The country expects more AstraZeneca Covid-19 vaccines this December reaching 80 percent of committed doses from the multilateral partnerships. Globally, AstraZeneca and its partners have released more than two billion doses […]
Net inflows of foreign direct investments (FDI) climbed to $660 million in September, although this was the lowest in four months as the elevated number of coronavirus disease 2019 (COVID-19) cases dampened investor sentiment. Data released by the Bangko Sentral ng Pilipinas (BSP) on Thursday showed FDIs increased 30.4% year on year to $660 million in September […]
Company donates 1.25 million non-surgical masks and 19,000 hand sanitizers to assist migrant workers, seniors, and heart disease patients Singapore, Dec 6, 2021 – (ACN Newswire via SEAPRWire.com) – Avantor, Inc. a leading global provider of mission-critical products and services to customers in the life sciences, advanced technologies, and applied materials industries, today announced a […]
GOVERNMENT corporations took in less budgetary support in October compared to a year earlier, with the biggest allocations granted to the National Irrigation Administration (NIA), the National Housing Authority (NHA), and the Philippine Fisheries Development Authority (PFDA), according to the Bureau of the Treasury (BTr). Preliminary data from the BTr indicate that subsidies to government-owned […]