Tinio presses need to probe Socoteco II deal: ‘Will consumers benefit?’

Inquirer.net - Sep 29, 2026

MANILA, Philippines — ACT Teachers party-list Rep. Antonio Tinio has joined calls to investigate the proposed joint venture agreement (JVA) between the South Cotabato II Electric Cooperative (Socoteco II) and a private firm, saying that Congress should ascertain whether consumer welfare remains as the priority. In a statement on Monday, Tinio said that he is

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Tinio presses need to probe Socoteco II deal: ‘Will consumers benefit?’

Sep 29, 2026

Tinio presses need to probe Socoteco II deal: ‘Will consumers benefit?’

MANILA, Philippines — ACT Teachers party-list Rep. Antonio Tinio has joined calls to investigate the proposed joint venture agreement (JVA) between the South Cotabato II Electric Cooperative (Socoteco II) and a private firm, saying that Congress should ascertain whether consumer welfare remains as the priority. In a statement on Monday, Tinio said that he is

Newly elected officials report average assets of 1.35 billion won

Sep 29, 2026

Newly elected officials report average assets of 1.35 billion won

Officials newly elected in June's local elections reported average assets of 1.35 billion won ($996,500), according to Government Ethics Committee data released Tuesday. The committee disclosed the personal assets of 1,259 individuals, including 563 local governors, mayors, councilors and education chiefs elected in the June elections. The others are 586 people who retired from elected offices and 110 appointed public officials. The average assets of the newly elected people amounted to 1.35 billion won per person. The heads of large local governments averaged 1.99 billion won per person in assets while small local government heads declared an average 1.69 billion won of wealth. Among the heads of small local governments, Bonghwa County Mayor Choi Gi-young reported the largest assets at 34.9 billion won, while Yoon Yu-jin, a member of the Seoul Metropolitan Council, topped the wealth list among newly elected members of large local councils with 15.64 billion won, according to the data.

What's holding back innovation among Korean startups?

Sep 29, 2026

What's holding back innovation among Korean startups?

Korea’s largest fashion shopping platform Musinsa is currently under investigation by the Seoul Regional Tax Office over CEO Cho Man-ho’s alleged appropriation of corporate funds for his real estate investment spinoff firm, Lapel. The investigation, which began last month, is being led by Investigation Bureau 4. Unlike other offices that primarily handle regular tax audits, Bureau 4 is known for conducting special investigations that can begin without prior notice and, in serious cases, develop into tax offense investigations, potentially exposing the targets to criminal complaints and significant business risks. The Bureau 4 investigation began while the Fair Trade Commission (FTC) was still investigating Musinsa in a separate case, which concluded earlier this month. The antitrust watchdog looked into whether Musinsa prevented some partner brands from selling through other retail channels in order to secure exclusive sales of their products. The investigation, which began in August 2024, ended with the FTC concluding that the arrangements were part of normal business or marketing

N. Korea blames US for 'worse crisis' in nuclear order, justifies its arsenal

Sep 29, 2026

N. Korea blames US for 'worse crisis' in nuclear order, justifies its arsenal

North Korea on Tuesday accused the United States of driving the global nuclear order into "the worst crisis" through its "nuclear proliferation activities" and used the accusation to defend its own nuclear program. The accusation came in a foreign ministry's "memorandum" carried by the Korean Central News Agency (KCNA), hours after Vice Foreign Minister Kim Son-gyong told the U.N. General Assembly in New York that North Korea's nuclear program is an "irresistible" force needed to protect its sovereignty and security against external threats. Washington has "irresponsibly abandoned its disarmament obligations as a nuclear-weapon state," the memorandum said. Its rapid buildup of nuclear forces and "blatant" nuclear proliferation, it said, left Pyongyang no choice but to "play a more active role" "as a responsible nuclear-weapon state." The document cast the U.S. as the main culprit behind global nuclear proliferation, citing its nuclear buildup and modernization and its withdrawal from arms-control treaties. North Korea also pointed to U.S. nuclear-powered submarine cooperation with Seoul a

Samsung Group to invest $1 bil. in AI infrastructure company Helix

Sep 29, 2026

Samsung Group to invest $1 bil. in AI infrastructure company Helix

Korean conglomerate Samsung Group said Tuesday it will invest a combined $1 billion in Helix Digital Infrastructure, a U.S. artificial intelligence (AI) infrastructure company backed by private equity firm KKR & Co. Six affiliates — Samsung Electronics, Samsung C&T, Samsung SDS, Samsung SDI, Samsung Life Insurance and Samsung Fire & Marine Insurance — will participate in the investment, Samsung said in a statement. Samsung Electronics will invest $500 million, while the other five affiliates will invest a combined $500 million. Helix was launched in June by KKR, the Kuwait Investment Authority, Nvidia and U.S. power producer Vistra Corp., with more than $10 billion in committed long-term capital. The company is led by Adam Selipsky, the former chief executive of Amazon Web Services. Nvidia is a strategic partner, while Vistra is Helix's preferred power partner. The Samsung affiliates will join KKR, Nvidia, Vistra and the Kuwait Investment Authority as founding investors in Helix through the investment, Samsung said. As the AI industry expands rapidly, the importance of infrastructure n

LIVE UPDATES: Impeachment trial of Vice President Sara Duterte

Sep 28, 2026

LIVE UPDATES: Impeachment trial of Vice President Sara Duterte

Bookmark this page for Rappler's comprehensive coverage of Vice President Sara Duterte's impeachment trial at the Senate

Should Sara Duterte have listed all her guns in her SALNs?

Sep 28, 2026

Should Sara Duterte have listed all her guns in her SALNs?

Senator-judges couldn't care less about Vice President Sara Duterte's gun records, but prosecutors say they are just presenting a 'complete picture' of her true wealth

PISTON holds transport strike, calls for lower fuel prices, higher fare hike

Sep 28, 2026

PISTON holds transport strike, calls for lower fuel prices, higher fare hike

Transport group PISTON on Tuesday started its two-day transport strike as they called for lower prices of fuel products and higher fare increase.

Raffy Tulfo asks FEO exec if 51 guns of VP Duterte, Carpio allowed

Sep 28, 2026

Raffy Tulfo asks FEO exec if 51 guns of VP Duterte, Carpio allowed

MANILA, Philippines — Senator-Judge Raffy Tulfo questioned on Monday why private Type 5 collectors, particularly Vice President Sara Duterte and her husband, lawyer Manases Carpio, were allowed to have so many firearms. He raised the issue during the vice president’s impeachment trial after Maj. Joericson Sangalang of the Philippine National Police Firearms and Explosives Office

Claims of ex-cop vs the Dutertes may be elevated to Ombudsman

Sep 28, 2026

Claims of ex-cop vs the Dutertes may be elevated to Ombudsman

MANILA, Philippines — The claims of a dismissed cop Rodulfo Gracioso Jr. against Vice President Duterte and her other family members may reach the Office of the Ombudsman, its chief Jesus Crispin Remulla said on Monday. Last week, Gracioso surfaced and claimed that he allegedly delivered suitcases of cash to Vice President Sara Duterte, former

Barbers: SALN disclosure, not value of VP Duterte guns, the issue

Sep 28, 2026

Barbers: SALN disclosure, not value of VP Duterte guns, the issue

MANILA, Philippines — The point of the House prosecution panel was not the value of the firearms of Vice President Sara Duterte and her husband, Manases Carpio, but whether they were properly disclosed in her sworn statement of assets, liabilities, and net worth, former Rep. Robert Ace Barbers, House prosecution adviser and spokesperson, said on

‘Missed opportunity’: US soybean farmers question exclusion from China tariff cuts

Sep 28, 2026

‘Missed opportunity’: US soybean farmers question exclusion from China tariff cuts

US soybean farmers have described the exclusion of US soybeans from China’s import list under the newly announced Board of Trade mechanism as a “missed opportunity”, even as Beijing ramped up purchases of the crop ahead of last week’s summit between Chinese President Xi Jinping and US President Donald Trump. The trade forum, unveiled by both sides on Sunday, covered a range of US agricultural products for export to China, including meat, dairy, corn, wheat, sorghum and vegetable oils, but...

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