Kitchen Culture Says Purported Notice to Call Second Attempted EGM on 25 November 2022 to Remove 5 Directors By Electronic Means Is Invalid; Urges Shareholders Not To Attend

SINGAPORE, Nov 18, 2022 – (ACN Newswire via – Kitchen Culture Holdings Ltd. (“Kitchen Culture” or the “Company”) said today that a second attempt to convene an Extraordinary General Meeting (“Second Intended EGM”) to remove 5 of 6 directors next week is defective and invalid for non-compliance with the Companies Act 1967 and the […]

Q3 GDP surprises with 7.6% growth

By Luisa Maria Jacinta C. Jocson, Reporter THE PHILIPPINE ECONOMY expanded faster than expected pace in the third quarter, putting it on track to beat the government’s full-year target, but faces headwinds from soaring inflation and rising interest rates. Preliminary data from the Philippine Statistics Authority (PSA) showed the gross domestic product (GDP) grew by […]

Kitchen Culture Seeking Legal Advice on Validity of New Purported Notice to Remove 5 Directors; Urges Shareholders Not to Accept Notices or Proxy Forms Unquestioningly

SINGAPORE, Nov 3, 2022 – (ACN Newswire via – Kitchen Culture Holdings Ltd. (“Kitchen Culture” or the “Company”) said today it will seek fresh legal advice on the validity of a letter from a law firm and fresh notice received by a group of 8 shareholders (“requisitioners”) seeking to remove 5 of 6 directors […]

Editorial: Dictator he was

The amended 1935 Constitution was the highest law in the Philippines when Ferdinand Marcos Sr. won the presidency in 1965. The Commonwealth-era basic law mandates a presidential term of four years but not more than eight consecutive years.Marcos sought a second term in 1969, and he got reelected. He was the first and last president […]

Yeahka Announces 2022 Interim Results

HONG KONG, Aug 30, 2022 – (ACN Newswire via – Yeahka Limited (“Yeahka” or the “Company”, Stock Code: 9923), a leading payment-based technology platform in China, is pleased to announce the interim results for the six months ended 30 June 2022 (the “period” or “1H 2022”). Financial Highlights— During the period, the Company’s total […]

Phoenix reports P201-M net income

PHOENIX Petroleum Philippines, Inc. announced on Thursday a net income of P201 million in the second quarter, describing the gains as “its highest since the onset of the pandemic.” “We had a difficult start this year, but we’ve gained some traction, and are seeing favorable results from our strategies. Improved margins and our sustained prudence […]

PH economy grows 7.4% in Q2

THE Philippine economy continues its rebound trajectory, growing 7.4 percent in the second quarter, marking the fifth consecutive quarter of growth since the country went into recession at the height of the pandemic.This follows the revised 8.2 percent gross domestic product growth rate posted in the first quarter of the year.The country’s chief economist Arsenio […]

Bada, Ungos top Ironkids PH race

DARELL Bada and Adrian Ungos topped the 13-14 years old division in the Ironkids Philippines race on Saturday, August 6, 2022, at Mactan Newtown in Lapu-Lapu City.Bada was way ahead of the rest of the competition with a 33:22 finish. Carron Canas finished second with 34:09, while Connor Hodges was third with 35:13.Bada was trailing […]

Heno beats Pael via UD

ONE-TIME world title challenger Eduard Heno had an impressive ring return with a lopsided unanimous decision win over Renoel Pael on Saturday, August 6, 2022, at the Yñares Sports Arena in Pasig City.Although Pael was aggressive all night long, Heno picked his punches well and landed the more telling blows.All three judges scored the fight […]