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SEC halts Takoyadon owner’s illegal investment scheme; warns of further legal action

Corporate 0
The Securities and Exchange Commission (SEC) has issued a cease and desist order against Nego Food Solution Corp.—operator of the Takoyadon Japanese restaurant chain—and several individuals for illegally soliciting investments from the public.

Wholesale power rates rise 11.8% in August; Visayas and Mindanao see sharp, costly spikes

Energy & Mining 0
Average electricity prices across the Philippines in the Wholesale Electricity Spot Market (WESM) climbed 11.8 percent in August, driven by steep cost surges in Visayas and Mindanao even as Luzon rates fell, data from the Independent Electricity Market Operator of the Philippines (IEMOP) showed Wednesday.

Gov’t intensifies El Niño preparations as climate risks grow

Agriculture 0
The government is intensifying preparations for a potentially severe El Niño, putting agriculture, irrigation, and water management at the center of efforts to limit the impact of prolonged dry conditions.

Marcos to follow up $5.8B India investment pledges

Trade & Investments 0
President Ferdinand Marcos Jr. will seek updates on USD5.8 billion in Indian investment commitments and pursue broader trade and investment opportunities with major emerging economies when he attends the BRICS Summit in New Delhi on Sept. 12-13.

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