The latest
Corporate
First Philippine Holdings blocks KKR share buyout, signaling firm strategic stance
In a major corporate move that underlines its long-term strategy, Lopez-led First Philippine Holdings Corporation has formally turned down an acquisition proposal from global private equity giant Kohlberg Kravis Roberts & Co. L.P. The decision preserves the parent company’s full equity control over its power generation arm, First Gen Corporation, despite an attractive financial premium offered by the international investor.
Education, Health & Science
Globe backs DepEd push for unified online safeguards for minors
Globe has thrown its full support behind Education Secretary Sonny Angara’s call for telcos and social media platforms to join hands in strengthening online protections for Filipino children, as the Department of Education seeks broader industry collaboration to secure young people in digital spaces.
Agriculture
Agriculture damage from monsoon, storms tops ₱1 billion
Damage to the agriculture sector from the southwest monsoon and Tropical Cyclones Luis and Maymay has surpassed P1 billion, according to the 7 a.m. advisory today from the Department of Agriculture’s Disaster Risk Reduction and Management Operations Center. The figure marks a sharp rise from the P689.66 million reported just last Thursday.
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