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Robbery case filed vs Koronadal ex-employee over missing rice
KORONADAL CITY — The city government here has filed a robbery complaint against a former employee for allegedly stealing rice and other supplies from its warehouse, Mayor Erlinda Araquil said. Araquil said they filed the complaint with the City Prosecutor’s Office last Tuesday against the former employee over the alleged theft of government property from
Rappler Recap: Race for next chief justice begins with Leonen, Caguioa
The Judicial and Bar Council interviews Marvic Leonen and Alfredo Benjamin Caguioa as part of its process of short listing nominees to replace retiring Chief Justice Alexander Gesmundo
Evergrande liquidators recover US$435m in asset sales
China Evergrande Group's liquidators have recovered US$435.9 million from asset sales and loan recoveries so far, highlighting the challenge of repaying creditors with claims of about US$46 billion against the developer. In their second progress report since a Hong Kong court ordered Evergrande's liquidation in January 2024, the liquidators, Edward Middleton and Tiffany Wong of Alvarez & Marsal, said on Thursday they aimed to make a first interim dividend payment to creditors in the first half of 2027, although the amount has yet to be determined. Evergrande, once China's top property developer, defaulted on most of its roughly US$300 billion in liabilities. The liquidators said they had raised the US$435.9 million through the sale of assets including aircraft, artwork and club memberships, as well as the settlement of loan receivables. They said 96 of the 107 artworks found at Evergrande's Hong Kong headquarters had been sold for US$28.8 million at a loss. The collection included works by Picasso, Monet and Warhol, as well as sculptures by Moore and Hepworth. Other assets being sold include a private jet expected to fetch about US$12 million in the fourth quarter. The liquidators are also seeking a US$2 million refund from a US university for part of a donation made in 2020. (Reuters) Edited by Edmond Fong
DOTr, Marina eye pilot testing of hybrid, full electric ferries
MANILA, Philippines — The Department of Transportation (DOTr) and the Maritime Industry Authority (Marina) are planning to pilot test fully electric and hybrid ferries on select routes in the country to reduce carbon emissions and fuel costs. According to Transportation Secretary Giovanni Lopez on Thursday, the initiative aims to harness the hybrid technology to benefit
BioWare closes after 30 years, next Mass Effect ends
MANILA, Philippines – BioWare, the studio behind Baldur’s Gate, Dragon Age and Mass Effect, said on October 21 that it is closing after more than 30 years. Early development on the next Mass Effect game is ending. The announcement came as parent company Electronic Arts (EA) cuts about 400 jobs. The studio began as a
Rosal downgraded to typhoon east of Batanes
The maximum sustained winds of Typhoon Rosal (Champi) are down to 165 km/h as of Thursday afternoon, October 22
Witness: Zaldy Co’s alleged kickbacks have acknowledgment receipts
MANILA, Philippines — The alleged kickbacks delivered to former Ako Bicol party-list Rep. Zaldy Co from state witness and former Department of Public Works and Highways (DPWH) engineer Henry Alcantara have acknowledgement receipts (AR), a witness told the Sandiganbayan Third Division on Thursday. Wirt Walter Rosales, personal assistant of Alcantara, made this revelation when he testified during the bail
Ahead of Communist Party plenum, Xi Jinping warns that China faces a ‘new Long March’
A strong and united party leadership is vital to victory, Chinese President Xi Jinping said in a keynote speech on Thursday marking the 90th anniversary of the victory of the Long March. Speaking days before an important Communist Party meeting known as the fifth plenum, Xi said the party managed to turn the tide of defeat into a path to victory 90 years ago because it rallied around the leadership of Mao Zedong. By linking the Red Army’s historic endurance with today’s geopolitical struggles,...
Former Kansas City Chiefs Star Allen Bailey Dead At 37
Chiefs quarterback Patrick Mahomes paid tribute to the defensive end.
DOJ says there's possible resurgence of scam hubs
Justice Undersecretary Nicky Ty on Thursday said there may be a resurgence of small-scale scam hub operations in the Philippines following the arrest and rescue of several individuals in various raids.