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Messages - adroth

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1
Kapamilya + Kapatid: ABS-CBN, TV5 reach partnership deal
ABS-CBN News
Posted at Aug 11 2022 09:40 AM | Updated as of Aug 11 2022 07:13 PM

https://news.abs-cbn.com/business/08/11/22/abs-cbn-invests-in-tv5-in-landmark-deal

MANILA - ABS-CBN Corp and TV5 reached a partnership deal on Wednesday with the Lopez-led media company acquiring shares in the Manny Pangilinan-led network.

In a joint statement on the accord, both parties said the "investment agreement" allows ABS-CBN Corp to acquire 6,459,393 primary (new) common shares in TV5 representing 34.99 percent of the total voting and outstanding capital stock of TV5 for P2.16 billion.

MediaQuest, which currently owns 99.67 percent of TV5, will see its stake reduced to 64.79 percent after the deal is finished. Pangilinan’s PLDT Beneficial Trust Fund owns and controls MediaQuest.

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2
Miscellaneous / ABS-CBN, TV5 reach partnership deal
« on: August 12, 2022, 12:26:32 AM »
Kapamilya + Kapatid: ABS-CBN, TV5 reach partnership deal
ABS-CBN News
Posted at Aug 11 2022 09:40 AM | Updated as of Aug 11 2022 07:13 PM

https://news.abs-cbn.com/business/08/11/22/abs-cbn-invests-in-tv5-in-landmark-deal

MANILA - ABS-CBN Corp and TV5 reached a partnership deal on Wednesday with the Lopez-led media company acquiring shares in the Manny Pangilinan-led network.

In a joint statement on the accord, both parties said the "investment agreement" allows ABS-CBN Corp to acquire 6,459,393 primary (new) common shares in TV5 representing 34.99 percent of the total voting and outstanding capital stock of TV5 for P2.16 billion.

MediaQuest, which currently owns 99.67 percent of TV5, will see its stake reduced to 64.79 percent after the deal is finished. Pangilinan’s PLDT Beneficial Trust Fund owns and controls MediaQuest.

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3
AN ACT CREATING THE MINDANAO RAILWAYS CORPORATION PRESCRIBING ITS POWERS, FUNCTIONS AND DUTIES, AND PROVIDING FOR THE NECESSARY FUNDS FOR ITS OPERATION

https://hrep-website.s3.ap-southeast-1.amazonaws.com/legisdocs/basic_19/HB01463.pdf

Session No.: 19-1RS-003

Significance: LOCAL

Date Filed: 2022-07-06

Principal Author/s: RODRIGUEZ, RUFUS B.

Date Read: 2022-08-01

Primary Referral: GOVERNMENT ENTERPRISES AND PRIVATIZATION

Status: Pending with the Committee on GOVERNMENT ENTERPRISES AND PRIVATIZATION since 2022-08-01

5
Pelosi arrives in Taiwan vowing U.S. commitment; China enraged
By Yimou Lee and Sarah Wu
August 2, 20226:29 PM PDT

https://www.reuters.com/world/asia-pacific/pelosi-expected-arrive-taiwan-tuesday-sources-say-2022-08-02/

TAIPEI, Aug 2 (Reuters) - U.S. House of Representatives Speaker Nancy Pelosi arrived in Taiwan late on Tuesday on a trip she said shows an unwavering American commitment to the Chinese-claimed self-ruled island, but China condemned the highest-level U.S. visit in 25 years as a threat to peace and stability in the Taiwan Strait.

Pelosi and the rest of her delegation disembarked from a U.S. Air Force transport plane at Songshan Airport in downtown Taipei after the nighttime landing on a flight from Malaysia to begin a visit that risks pushing U.S.-Chinese relations to a new low. They were greeted by Taiwan's foreign minister, Joseph Wu, and Sandra Oudkirk, the top U.S. representative in Taiwan.

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6
China’s billionaires want to flee the country, and take $60 billion of wealth with them on their way out
Yvonne Lau
July 21, 2022·5 min read

https://finance.yahoo.com/news/june-shanghai-billionaire-set-social-110000784.html

7
China's leaders fall silent on hitting GDP growth target
Politburo tacitly acknowledges hurdles to reaching 5.5% goal

IORI KAWATE, Nikkei staff writer
July 29, 2022 01:44 JST

https://asia.nikkei.com/Economy/China-s-leaders-fall-silent-on-hitting-GDP-growth-target

BEIJING -- China's top leadership made no promises to meet the country's annual economic growth target during a high-level meeting held Thursday, in a tacit acknowledgement that its strict coronavirus restrictions have made a 5.5% expansion impossible.

In economic policy for the second half, the Communist Party's Politburo urged efforts to "consolidate the upward trend of economic recovery" and "strive for the best possible outcome," according to state media.

But China's top decision-making body made no mention of attaining this year's gross domestic product growth target of around 5.5%.

With the lockdowns in Shanghai and other cities under China's zero-COVID policy, GDP grew just 2.5% on the year in the first half of 2022. The silence on the full-year target suggests that the party recognizes the stark challenges ahead to meeting that goal.

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8
SMC to open $500-M electric car battery plant in Dinagat
By Alexander Lopez
 July 28, 2022, 5:20 pm

https://www.pna.gov.ph/articles/1180037

BUTUAN CITY – San Miguel Corp. (SMC), one of the country’s largest and most diversified conglomerates, is set to open a USD500 million electric car battery plant in Dinagat Islands province, Governor Nilo Demerey Jr. said Thursday.

Demerey confirmed the company’s decision to establish the plant in Dinagat Islands after his meeting with SMC president and chief executive officer Ramon S. Ang on Wednesday.

“The establishment of the electric car battery plant will commence in September this year,” Demerey said in an interview.

The plant will be constructed within the company’s 25,000 mining claim in the province, he added.

“This is part of our efforts to industrialize Dinagat Islands and create more job opportunities, increase the income of the province, and uplift the lives of our people,” Demerey said.

He said the construction and full operation of the electric car battery plant would generate about 10,000 jobs.

“The components for the manufacture of electric car batteries are already present on the island,” Demerey said.

The SMC has mining interests in the towns of Cagdianao, San Jose, and Basilisa. Its mining claims are reportedly rich in minerals, such as nickel, manganese, chromite, and iron that are needed for the manufacture of the batteries.

“We are now working on the necessary documents and pertinent papers for the start of the construction of the plant in September,” Demerey said.

He thanked President Ferdinand Marcos Jr. for supporting the initiatives of the local officials of the Dinagat Islands for industrialization.

“President Marcos is instrumental in this endeavor, especially in the setting up of this battery plant in the Dinagat Islands,” Demerey said.

Other matters between the provincial government and the SMC about the construction of the plant, such as tax holidays, are still being finalized, the governor said. (PNA)

9
Hong Kong protesters are leaving prison as pariahs under China’s tight grip
BY HSIUWEN LIU
JULY 27, 2022 UPDATED 7:19 PM PT

HONG KONG — The protester was 17 when he was jailed for possession of a Molotov cocktail. Held for nearly two years, partly in solitary confinement, he saw his world whittled to a stainless steel toilet, the glare of security cameras and harsh winter evenings that numbed his limbs.

When he was released last year, he stepped into a city that suddenly moved faster than he remembered. He had trouble hailing buses and taxis and ordering food from a menu. While his friends graduated and moved on with their lives, he was sent back to high school — a disenchanted 20-year-old rebel among teenagers busy with math problems and dating.

He doesn’t know where he fits into this new Hong Kong, and there have been times when he’s locked himself in his room and wished he was behind bars again.

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Three years after Hong Kong was engulfed in violent unrest over calls to check China’s encroaching power, the city’s jailed protesters who cast an indelible image with their yellow hard hats, gas masks and black clothing have begun trickling back into a society where many of the freedoms they fought to preserve have vanished.

Bewildered and disillusioned, they struggle to reintegrate into a city transformed by a 2-year-old national security law that’s eliminated political dissent and turned people such as Alex into pariahs for having dared to challenge Beijing’s authority. The city that once offered them hope has lost its unabashed cosmopolitan verve — much of it propelled by a globally connected young generation — under the ever expansive eye of the communist state.

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Careers and academic opportunities for former protesters have dwindled. Friends and family have fled to other countries. Plans for democracy have been scratched. For many recently released protesters, just staying in school or holding down a job is a victory, especially against the grind of the pandemic, slowing economic growth and rising inflation.

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10
Space / Russia out of International Space Station by 2024
« on: July 27, 2022, 09:54:00 AM »
https://twitter.com/AP/status/1551904298195451904

Russia will opt out of the International Space Station after 2024 and focus on building its own orbiting outpost, the country's newly appointed space chief said.

11
Politics and Government / Juan Ponce Enrile as chief legal counsel
« on: July 27, 2022, 09:51:09 AM »
https://twitter.com/bongbongmarcos/status/1551848979335626752

Pormal na nating itinalaga si dating Senate President Juan Ponce Enrile bilang chief presidential legal counsel.

12
Politics and Government / Imaginary standards vs reality
« on: July 27, 2022, 09:49:50 AM »
https://twitter.com/gideonlasco/status/1551883077588496384

We cannot lower our standards for the presidency just because Rodrigo Duterte set the bar so low.

We need to compare BBM not with what the Duterte presidency was, but what a Robredo presidency could have been.

13
SpaceX just broke its annual launch record — and it’s only July
32 launches and counting
By Loren Grush@lorengrush  Jul 22, 2022, 2:56pm EDT

https://www.theverge.com/2022/7/22/23273077/spacex-falcon-9-launch-record-2022-32-high-cadence

This afternoon, SpaceX successfully launched its 32nd Falcon 9 mission of 2022, officially breaking the company’s own record for orbital launches conducted in a single year. And since it’s only July, there’s still plenty of year left to push that record even higher.

14
South Korea records successful maiden flight test of its KF-21 fighter jet
By Daehan Lee
 Jul 19, 11:39 AM

https://www.defensenews.com/global/asia-pacific/2022/07/19/south-korea-records-successful-maiden-flight-test-of-its-kf-21-fighter-jet/

SEOUL — Korea Aerospace Industries and the country’s Air Force on Tuesday confirmed the first successful test flight of Seoul’s indigenous 4.5th-generation fighter jet, the KF-21 “Boramae.”
The test puts South Korea on the map as the world’s eighth country to have developed supersonic fighter jets, 20 years after former president Daejung Kim ordered the development of a Korean fighter.

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15
https://www.facebook.com/ChinaEmbassyManila/posts/pfbid0TdyjFNAW2eziUfHxEezcS7nsbz6wkbVEsWZWvezJjB11FQknKY2LDQeoqbMSTncol

The #Tianzhou-3 cargo craft, carrying supplies for China's space station, separated from the orbiting station combination at 10:59 a.m. Sunday (Beijing Time), after completing all assigned tasks, according to the China Manned Space Engineering Office.

China launched the Tianzhou-3 on Sept. 20, 2021 from the Wenchang Spacecraft Launch Site in the southern province of Hainan, delivering six tonnes of goods to the country's under-construction space station.

At present, the Tianzhou-3 cargo craft is in good condition and will re-enter the atmosphere under ground control in the future, said the engineering office.

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