Interior and Local Government Secretary Jonvic Remulla has called on Congress to amend, if not repeal, the “Robin Padilla law” because the actor-turned-senator benefited from its passage, and to restore illegal possession of firearms as a non-bailable offense following the fatal Zamboanga school shooting on Aug. 18. Remulla said the law, which made illegal gun possession bailable, should have stricter penalties, including for those negligent gun owners. The shooting was the Philippines’ second fatal school attack in less than two months and was livestreamed. With about 2.7 million registered firearms nationwide, including roughly 2 million privately owned, Remulla said tighter controls are needed to keep illegal guns from fueling violence.
Two years into the CENECO-Primelectric partnership, Negros Power has poured more than P1.2 billion into a P2.1-billion modernization program, putting to work a model that combines the local knowledge of an electric cooperative with the capital and management capabilities of a private-sector company.
Filipino canned sardines brand Mega Sardines has secured a major foothold in the US mainstream grocery market, entering at least 2,750 stores of supermarket giant Kroger as Mega Global Corp. accelerates its international expansion.
Media conglomerate ABS-CBN Corp. is executing a fundamental corporate restructuring aimed at long-term financial viability, driven by aggressive cost reductions, strategic debt management, and a modernized content distribution model.
Luxury furniture maker DEDON Manufacturing Inc. has signed up as the first customer of COREnergy’s new solar-backed electricity plan, as manufacturers look for ways to better manage power costs and align energy procurement with daytime operations.
Treasury bill yields extended their climb at Monday’s auction as investors demanded higher rates amid expectations of faster inflation and tighter monetary policy.