Lapu mayor sued for purchase of ‘overpriced’ rice, solar lamps

LAPU-LAPU City Mayor Junard “Ahong” Chan is facing three charges anew before the Office of the Ombudsman-Visayas, along with several city officials and private entities, for alleged involvement in the anomalous purchase of overpriced products in 2020.Four Lapu-Lapu City councilors and 10 other individuals, filed on Monday, April 25, 2022, cases of plunder, malversation of […]

G Mining Ventures Delivers Robust New Feasibility Study at Permitted Tocantinzinho Gold Project

All amounts are in USD unless stated otherwise Feasibility Study reflects optimized development plan and current cost environment After-tax NPV 5% of $622 million and after-tax IRR of 24% at $1,600/oz gold price 10.5-year mine life with average annual gold production of 174,700 ounces at AISC of $681/oz Years 1-5: Average annual gold production of […]

NCR construction materials retail price growth hits 34-month high

RETAIL PRICE growth in construction materials in Metro Manila rose 2.1% year on year in October, the largest increase in almost three years, the Philippine Statistics Authority (PSA) reported Monday. According to preliminary PSA data, the rise in the October construction materials retail price index (CMRPI) accelerated from 2% in September and 1.4% a year […]

Biogen Announces Reduced Price for Aduhelm to Improve Access For Patients With Early Alzheimer’s Disease In The United States

TOKYO, Dec 21, 2021 – (JCN Newswire via SEAPRWire.com) – Eisai Co., Ltd. announced today that, effective January 1, 2022, Biogen will reduce the wholesale acquisition cost (WAC) of ADUHELM (aducanumab-avwa) 100 mg/mL injection for intravenous use in the United States by approximately 50%. For a patient of average weight (74 kg), the yearly cost […]

Gov’t orders price freeze on LPG, kerosene in areas under state of calamity 

THE ENERGY department has imposed a price freeze on household liquified petroleum gas (LPG) and kerosene in areas that have declared a state of calamity after typhoon Odette, with international name Rai, left extensive damage in parts of the Philippines.    As of Dec.18, five local government units have made the calamity declaration. These are: Jose Panganiban town in Camariñes Norte, Cebu province along with the independent city of Cebu, Bohol […]

Aurelius Technologies Berhad IPO Shares Oversubscribed by 20.27 Times

KUALA LUMPUR, Dec 7, 2021 – (ACN Newswire via SEAPRWire.com) – The shares of Aurelius Technologies Berhad (“ATech” or the “Group”) has been oversubscribed by 20.27 times ahead of the Group’s listing on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). Mr. Lee Chong Yeow, ATech’s Executive Director and Group Chief Executive Officer […]

Hop Hing to Put Forward Proposal for Privatisation, Cancellation Price HK$0.08 per Share at About 73.9% Premium

HONG KONG, Nov 17, 2021 – (ACN Newswire via SEAPRWire.com) – Hop Hing Group Holdings Limited (“Hop Hing” or the “Company”, together with its subsidiaries, the “Group”; stock code: 47) and Ocean Ease Global Limited (the “Offeror”) has jointly issued the scheme document (the “Scheme Document”) in relation to, amongst others, (i) the proposal (the […]