Daluz airs challenge to business group

METROPOLITAN Cebu Water District (MCWD) chairman Jose Daluz challenged Tuesday, June 8, 2021 the Cebu Chamber of Commerce and Industry (CCCI) to submit its own proposal in addressing Cebu’s water shortage instead of criticizing MCWD’s plans. CCCI has made public a position paper, signed by its president Felix Taguiam, expressing opposition to a planned water […]

Meralco rates seen to increase in June

Manila Electric Co. (Meralco) customers are likely to see a rise in their electric power bills in June, following a surge in spot market prices, an official from the firm said on Friday.   “Based on early, initial projections, there may be an upward pressure on the generation charge for the month of June 2021 due to observed […]

HKC Convenes Special General Meeting on 23 April, 2021 For the Purpose of Considering and approving Privatisation Resolution

HONG KONG, Mar 31, 2021 – (ACN Newswire via SEAPRWire.com) – HKC (Holdings) Limited (“HKC” or the “Company”; stock code: 190) will convene the Court Meeting and the Special General Meeting (“SGM”) at 10:00a.m. and 10:30a.m., respectively, on 23 April 2021, for the purpose of considering and approving the resolution in relation to the proposed […]

Pharma industry pushes back on drug price control board

DRUGMAKERS said further price controls on their products will hinder the industry in recovering from the economic downturn triggered by the pandemic. Responding Wednesday to a legislative proposal to establish a price board for drugs, Pharmaceutical and Healthcare Association of the Philippines (PHAP) Trustee Jannette Alcantara Jakosalem said price controls will be an added burden […]

Peso steady on PMI data, vaccination

THE PESO closed unchanged versus the greenback on Monday as the market priced in steady manufacturing activity in February and the start of the government’s vaccination drive. The local unit closed at P48.59 per dollar on Monday, unchanged from its Friday finish, data from the Bankers Association of the Philippines showed. The peso opened Monday’s […]

Positive profit alert exceeds expectations Research houses issue upbeat recommendations On Central China New Life

HONG KONG, Feb 8, 2021 – (ACN Newswire) – Central China New Life Limited (Stock Code: 9983.HK) issued earlier a positive profit alert on its 2020 annual results in which it forecast the company’s net profit to increase by no less than 80%. The Company’s strong performance, which exceeded market expectations, subsequently earned “Buy” or […]

Meat price spike probed

TALISAY City, Cebu Mayor Gerald Anthony “Samsam” Gullas Jr. on Wednesday, Jan. 27, 2021 ordered the City Agriculture’s Office to investigate the increase in the prices of pork, chicken and beef in the city’s markets. After receiving complaints about the sudden price increases, Gullas wants to know the reasons behind them. A kilo of pork […]

Proposed Privatisation of HKC (Holdings) Limited by Genesis Ventures Limited

HONG KONG, Jan 17, 2021 – (ACN Newswire) – HKC (Holdings) Limited (“HKC” or the “Company”; stock code: 190) and Genesis Ventures Limited (“Genesis Ventures” or the “Offeror”) jointly announced that the Offeror requested the Board of the Company (the “Board”) to put forward a proposal (the “Proposal”) to the holders (the “Scheme Shareholders”) of […]