Customs execs relieved amid sugar probe

SEVERAL Customs officials have been relieved amid the ongoing investigation on the alleged smuggling of sugar through Subic port in the country’s north, according to the Philippine government. Bureau of Customs (BoC) Commissioner Yogi Filemon L. Ruiz relieved six officials of the Port of Subic and “temporarily transferred” them to his office pending the results […]

CLI to increase bond issuance to P8B

PROPERTY developer Cebu Landmasters, Inc. is increasing the size of its bond issuance to a full-on base of P8 billion — from a P5-billion base with a P3-billion oversubscription option — after strong participation interest from institutions. The issuance would still be the initial tranche of its shelf-registered P15-billion debt securities program that will be […]

CCLEC fast tracks preparation for the return of Ironman

THE Cebu-Cordova Link Expressway Corp. (CCLEC) management fast tracks its preparation for the upcoming return of the IRONMAN 70.3 Philippines at Cebu on August 7, 2022.Allan Alfon, general manager and president of CCLEC, presented to the media on Wednesday, July 13, the ongoing arrangement between the expressway management, the organizers, and the local government units […]

Portable generator powers small safety devices

The compact, lightweight device generates electricity when shaken and can power 100 LEDs. TSUKUBA, Japan, Feb 18, 2022 – (ACN Newswire) – A new stick-like, water-based device can convert energy from movement into electricity. The technology, which was reported in the journal Science and Technology of Advanced Materials, could be used to power portable devices, such as safety lights. […]

SEC approves fundraising plans of AREIT, Cityland

The Securities and Exchange Commission (SEC) on Friday said it “considered favorably” the bond offering of AREIT, Inc. and the commercial papers of Cityland, Inc.  In a statement, the regulator said the Commission En Banc approved the registration statements of AREIT for the shelf-registration of its P15-billion debt securities program and Cityland’s P500-million commercial papers in its Dec. […]

Proposed law on stiffer penalties vs irresponsible use of firearms gets unanimous support in Senate panel

BILLS SEEKING to implement stiffer penalties against indiscriminate firing received unanimous support during a Wednesday committee hearing at the Senate, with suggestions to improve the proposed law. The Public Order and Dangerous Drugs committee discussed Senate Bill 1531 and House Bill 6123, which will amend Republic Act 10591, the law that regulates ownership and possession […]

Tax Notes: Clarifying issues on certain VAT-exempt medicines and medical devices used for Covid-19 under the Create Act

THE Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 99-2021 to address some of the issues and concerns of taxpayers about the consolidated list of VAT-exempt products in RMC 81-2021 and the treatment of input VAT on said products prior to or upon the effectivity of its VAT exemption. This exemption is […]

Prosecutor calls R. Kelly ‘predator’

NEW YORK —  R. Kelly is a “predator” who demanded absolute fealty from the many women and underage girls he dominated in a two-decade racketeering scheme, a federal prosecutor said on Wednesday as the R&B star’s sex abuse trial began. Mr. Kelly’s defense team countered that the government’s case had “gaps,” and that the 54-year-old […]

Cebu mayors ask capitol to allow use of schools for isolation

SOME mayors in Cebu Province have requested the Cebu Provincial Government to have the Department of Education (DepEd) allow them to use the classrooms as isolation facilities for Covid-19 patients. Cebu Gov. Gwendolyn Garcia said mayors find classrooms more suitable as isolation centers. Garcia said she has relayed this to DepEd provincial superintendent Dr. Marilyn […]

BTS collaborations lead to surge in online interest, according to iPrice

Brands are leveraging BTS’ global influence as the K-pop boy band continues to reign at the top of the music charts. A report by meta-search website iPrice found that Google searches on a brand can double after a collaboration with BTS.  BTS’ collaboration with McDonald’s this May contributed to a 47% increase in interest compared to the same period last year, according to iPrice. […]

Eased metro lockdown eyed for rest of June

By Kyle Aristophere T. Atienza and Vann Marlo M. Villegas, Reporters THE GOVERNMENT would probably ease the lockdown in Manila, the capital and nearby cities and provinces this week on decreasing coronavirus infections, according to the presidential palace. Metro Manila and the provinces of Bulacan, Rizal, Laguna and Cavite would likely revert to a general […]

Bzzzzz: What make Cebu City Council colorful: speech-ful vice mayor, councilors who ‘peruse,’ secretary who hand-speaks. Yet media miss bombast from the likes of Kons Elizondo with his barong.

Not a storm, a drizzle News media reported Friday, April 23, that less than a hundred doses were left for the three vaccination sites in Cebu City and, as of 11:30 a.m., operations at all the vaccination sites were stopped temporarily, to resume until more vaccines would arrive. The “good news” part: many seniors of […]