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The tariffs proved to be too low to finance the investments needed to improve performance, especially after the East Asian financial crisis and the devaluation of the Philippine Peso. Maynilad expanded access, but unable to reduce water losses it stopped paying concession fees to the government and went bankrupt in 2003.
An Act creating three (3) additional Shari'a Judicial Districts and twelve (12) Shari'a Circuit Courts therein, and appropriating funds therefor, amending for the purpose Articles 138, 147, and 150 of Presidential Decree No. 1083, otherwise known as the "Code of Muslim Personal Laws in the Philippines [84]", as amended, and the relevant ...
Duterte also accused Marcos, First Lady Liza Araneta Marcos, and Speaker Romualdez of orchestrating the PI [34] and called on the Armed Forces of the Philippines (AFP) and the Philippine National Police to "protect the constitution"; he also vowed to arrest the proponents of the PI if he were to ever return to power. [35]
A private investment in public equity, often called a PIPE deal, involves the selling of publicly traded common shares or some form of preferred stock or convertible security to private investors. It is an allocation of shares in a public company not through a public offering in a stock exchange. PIPE deals are part of the primary market.
An APO is a quick transaction compared to an initial public offering (IPO). At the closing of an APO, the public shell and private company sign merger documents to complete the reverse merger; file a 8K with the Securities and Exchange Commission (SEC), which is the required public disclosure of transaction; file a registration statement with the SEC to register the PIPE shares; release PIPE ...
In May 2024, the Senate of the Philippines established the Special Committee on Philippine Maritime and Admiralty Zones, appointing Senator Francis Tolentino as its chair. This followed the unanimous approval of House Bill No. 7819 by the House of Representatives of the Philippines, which defined the maritime zones under Philippine jurisdiction ...
The reason given is: the members provided are outdated and does not align with the current 19th Congress of the Philippines. Please help update this article to reflect recent events or newly available information. (January 2025
The Expanded Value Added Tax (E-VAT), is a form of sales tax that is imposed on the sale of goods and services and on the import of goods into the Philippines. It is a consumption tax (those who consume more are taxed more) and an indirect tax, which can be passed on to the buyer. The current E-VAT rate is 12% of transactions.