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Thursday, 17 April 2025, 2:38 am

    Tag: Duterte

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    President Marcos set to address nation on Duterte’s arrest

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    President Ferdinand Marcos Jr. is set to address the nation tonight on the arrest earlier Tuesday of former President Rodrigo Duterte by Interpol agents, who served a warrant issued by the International Criminal Court for crimes against humanity committed by the former Philippine leader during his administration’s deadly anti-drug campaign between 2016 and 2019. The Philippines withdrew membership from the ICC in 2019. Ex-President Duterte and several of his aides have been transferred to a chartered plane that will fly them to The Hague, where the ICC is headquartered.

    Ex-President Duterte arrested; now in PNP custody

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    The Presidential Communications Office on Tuesday said former President Rodrigo Duterte was arrested and placed in detention by Interpol agents upon his arrival in Manila following a  trip to Hong Kong. The Manila unit of the Interpol received the warrant from the International Criminal Court at dawn. The warrant was served by the ICC Prosecutor General and was issued for crimes against humanity. Duterte is now 79 years old.

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    Metro Retail’s 2024 profit dips despite sales growth, expansion push

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    Metro Retail Stores Group Inc. (MRSGI), the Gaisano family’s retail arm, reported a slight 1 percent decline in net income to ₱609.42 million in 2024 from ₱618.02 million a year earlier, as rising sales were tempered by tighter margins and strategic shifts in business mix.

    DoubleDragon acquiring control of MerryMart in P1.28-B deal

    Corporate 0
    DoubleDragon Corp. is acquiring the 35 percent stake of Injap Investments Inc. in grocery chain operator MerryMart Consumer Corp. for P1.28 billion, marking a strategic move that aligns with its ongoing transformation into a diversified investment holding company.

    SEC-SM tandem launches videos vs scams

    Social Responsibility & Sustainability 0
    The Securities and Exchange Commission (SEC), in partnership with BDO Foundation, has unveiled new investor protection materials aimed at safeguarding the public from financial investment scams.

    SM Prime sees strong demand for mall-based offices, accelerates provincial expansion

    Property 0
    SM Prime Holdings Inc. reported robust demand for its mall-based office spaces, driven by a growing preference among businesses for mixed-use developments that offer convenience, accessibility, and quality infrastructure.

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    Context.ph is a business news and features website based in the Philippines. Our goal is to provide readers easily digestible articles to help people better understand the news and make informed decisions.

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    Energy

    Meralco rejects DOE claim vs its delayed power supply deal

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    The Manila Electric Co. (Meralco), the country’s largest power distributor, pushed back against claims by the Department of Energy (DOE) that its delayed power supply agreement (PSA) is contributing to high electricity prices, calling the accusations “false and misleading.”
    Corporate

    Metro Retail’s 2024 profit dips despite sales growth, expansion push

    0
    Metro Retail Stores Group Inc. (MRSGI), the Gaisano family’s retail arm, reported a slight 1 percent decline in net income to ₱609.42 million in 2024 from ₱618.02 million a year earlier, as rising sales were tempered by tighter margins and strategic shifts in business mix.
    Corporate

    DoubleDragon acquiring control of MerryMart in P1.28-B deal

    0
    DoubleDragon Corp. is acquiring the 35 percent stake of Injap Investments Inc. in grocery chain operator MerryMart Consumer Corp. for P1.28 billion, marking a strategic move that aligns with its ongoing transformation into a diversified investment holding company.
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