Day: July 17, 2025

Manila: Low-cost housing developer 8990 Housing Development Corporation has announced a tender offer for company-owned shares as the company plans to delist from the local bourse. In a disclosure to the Philippine Stock Exchange (PSE) Thursday, the subsidiary of 8990 Holdings Inc., said the shares will be bought for PHP10.42 a piece, ‘which represents a 10 percent premium over the one-year Volume Weighted Average Price (VWAP) of the Company’s common shares from 16 July 2024 to 16 July 2025.’ According to Philippines News Agency, the common shares included in the tender offer along with the excluded shares account for ‘at

Pasay city: The Philippine Amusement and Gaming Corporation (PAGCOR) recently handed over five patient transport vehicles (PTVs) to select military units and a local government unit (LGU) during a turnover ceremony at the PAGCOR Corporate Office in Pasay City. According to Philippines News Agency, the new recipients of the PTVs include the municipality of Liliw in Laguna; the Army’s 7th Infantry Division, Light Reaction Regiment, and Fort Magsaysay Army Station Hospital in Nueva Ecija; and the Headquarters Force Reconnaissance Group of the Philippine Marines in Ternate, Cavite. This initiative aligns with President Ferdinand R. Marcos Jr.’s directive to improve emergency

Motiong: The construction of the PHP201.1-million farm-to-market road (FMR) has commenced in Motiong, Samar, as part of the World Bank-funded Philippine Rural Development Project (PRDP). The Department of Agriculture (DA) regional office announced that a groundbreaking ceremony for the Maypange-Inalad-Angyap FMR took place on Wednesday. According to Philippines News Agency, the project covers a 10.62 km roadway spanning 11 villages and is anticipated to transform the local economy by directly connecting the farming communities of Maypange, Inalad, Angyap, Cadnumacol, Mararangsi, Caranuan, Tinopanban, Bong, Pamaran-an, Calautnan, and Calantawan. The DA regional office noted in a statement that the road will enhance

Manila: Senator Panfilo Lacson has cleared up misconceptions regarding his proposed Senate Bill No. 396, known as the ‘Parents Welfare Act of 2025’. The bill aims to ensure that parents receive support from their children during times of need. According to Philippines News Agency, Lacson emphasized that the proposed measure does not obligate children to support parents who have abused, hurt, or neglected them. He stated, “Abuse, abandonment, or neglect by parents of their children are exempting circumstances. Under the proposed measure, walang obligasyon ang anak na magsuporta sa magulang na nang-abuso, nag-abandon at nagpabaya sa kanya (the child has

Legazpi: A total of PHP108 million worth of infrastructure projects is set to rise soon, aimed at easing classroom congestion and a better learning environment for students at Homapon High School. The projects include a two-story building with eight classrooms and a multi-purpose infrastructure and conference for educational and sports facility. It is expected to be completed this year. According to Philippines News Agency, during the groundbreaking ceremony, Mayor Hisham Ismail expressed gratitude to the Ako Bicol Party-list for the initiative, saying the infrastructure would serve as a hub of knowledge, creativity, and hope for students. ‘By adding more classrooms,