Patient investors of tycoon Manuel V. Pangilinan-led Metro Pacific Investments Corp. could soon get an update on their much-anticipated tender offer.
We’re told indications so far point to a higher offer price but that is a foregone conclusion given the backlash. The question now is how much higher and whether it will appease longtime Metro Pacific holders who are currently underwater on their investment.Eastern Samar Gov. Ben Evardone has come to the end of his rope and the provincial government that he leads has demanded that erring mining companies operating in Homonhon island of Guiuan town pay a combined hefty fine of P133 million.
This represents the outstanding levy on minerals extracted from the island—which was where Ferdinand Magellan and his party landed in 1521—based on the joint assessment by the provincial government’s treasury, assessor and legal offices. Each mining firm’s tax liabilities covering different periods range from a low of P2.58 million to a high of P96.578 million.
The provincial government warned these companies that if they fail to immediately settle these amounts related to their chromite mining operations, it will be forced to seize their properties to cover their supposed debts.Top officials of Cebu Pacific experienced what their customers have been complaining about these past few days: Extended flight delays.
Szucs told reporters that the red lightning alert issued on Tuesday evening grounded several flights, which resulted in delays. This spilled over to the following day, affecting their flights.“The world is getting warmer. This is a disruption that we have now to account for,” the airline CEO said.Your subscription has been successful.
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