AEV to raise up to $400M for offshore expansion

Tapping the foreign market for the first time, Aboitiz Equity Ventures Inc. (AEV) raised USD400 million through the issuance of fixed-rate, US dollar-denominated Regulation dollar-only senior unsecured notes by its wholly-owned subsidiary, AEV International Pte Ltd.

The notes will be listed on the Singapore Stock …

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Phivolcs urged to expedite warning system upgrade

House Majority Leader Martin Romualdez on Monday urged the Philippine Institute of Volcanology and Seismology (Phivolcs) to expedite the utilization of its PHP221-million budget to upgrade the country's monitoring and warning program for volcanic eruption, earthquake, and tsunami.

Romualdez said the agency should fast-track the …

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PNP on full alert status amid Taal unrest

The Philippine National Police (PNP) is on full-alert status following the eruption of Taal Volcano over the weekend.

Under a full alert status, all personnel are ready for deployment to assist in disaster and relief operations.

PNP officer-in-charge, Lt. Gen. Archie Gamboa also encouraged personnel, …

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