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At their recent July 5 national meeting, the regional and sectoral committee chairs of the Philippine Council on Agriculture and Fisheries (PCAF) identified five steps that can prevent corruption at the Department of Agriculture (DA). The developments were triggered by the Alyansa Agrikultura (AA) letters sent to the Senate requesting an investigation into the DA’s unliquidated and unexplained fund releases, which the Commission on Audit (COA) uncovered was P22 billion in 2020 and P23 billion in 2021. ...
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ACEN eyes expansion in Pilbara, Australia ; Better alternative sources of protein; why you dont need so much of it ; Yellow alert risks raised but enough power supply assured for Oct polls
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The first time “insider trading”—which is now the subject of an ongoing Senate inquiry with Development Bank of the Philippines and businessman Roberto Ongpin at the crosshair—caught the public eye was in 1999. It will be recalled that in 1998, BW Gaming and Entertainment Corp., headed by businessman Dante Tan, won the exclusive contract to operate a nationwide online bingo franchise and the Quick Pick-2 gambling game, which is similar to the illegal numbers game called jueteng. ...
HONG KONG – Shanghai and Shenzhen stock exchanges said late Thursday they would study measures to lower investors’ trading costs and improve liquidity to further stimulate the market. The measures include allowing investors to place smaller orders in auction trading and improving trading mechanisms for exchange-traded funds (ETFs). The exchanges also revised rules to allow faster development of index funds. The announcements came after top Chinese leaders vowed to “invigorate capital markets and boost investor confidence” during the Jul ...
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The Bureau of the Treasury will auction off an initial P30 billion in five-year retail treasury bonds (RTBs) on July 16 before making them available to small investors through a new app and other online channels. On top of selling to new investors, the Treasury will also swap the new fixed-rate RTBs with two previously issued 10-year RTBs maturing on Aug. 19 and March 3 next year, as well as two fixed-rate treasury notes maturing on Aug. 20 and March 20, 2021, the notice of offering posted on the Treasury website on Friday showed. ...