CNOOC Limited Adds over 100 Billion Cubic Meters of Proved Gas In-place
HONG KONGAug. 7, 2024/PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that Chinese governmental authorities have approved the proved gas in-place of Lingshui 36-1 gas field, which stands at over 100 billion cubic meters. It is the first large-size ultra-shallow gas field in ultra-deep water in the world, which opens up a new area of exploration in deep waters. Lingshui 36-1 gas field is located in the southern portion of the Central Sag, Qiongdongnan Basin. The average water depth of the gas field is approximately 1,500 meters, and the burial depth is 210 meters, making it a typical ultra-deep-water ultra-shallow gas field. Mr. Xu Changgui, Chief Geologist of the Company, said, "Ultra-shallow gas reservoirs are important sources of hydrocarbon in deep waters.
Source:Manila Times
August 07, 2024 10:29 UTC
As Pogos exit, ‘e-sabong’ revival raised at House
ADVERTISEMENTREAD: Tulfo presses Pagcor to shut down remaining 789 e-sabong ops nationwideE-sabong, or online cockfight gambling, was banned by former President Rodrigo Duterte in May 2022 following the disappearance of 30 cockfighters involved in e-sabong operations. Pagcor estimated that the government stood to lose P7 billion to P7.5 billion in revenues from the blanket Pogo ban. Tengco, however, reminded the panel that until the Philippines decides to legalize e-sabong for good, the agency’s hands were tied. “Only if there is an enabling law allowing it to come back, then that’s the only time we can exercise our jurisdiction (over e-sabong),” he said. Deputy Speaker and Quezon Rep. David Suarez raised the possibility of the government managing, monitoring, and regulating cockfight operations, including e-sabong, to offset or cushion revenue losses and labor displacement from the total ban on Pogos.
Source:Philippine Daily Inquirer
August 07, 2024 09:40 UTC
SparkToro Partners with Sinch to Build a Cost-Effective and Reliable Email System Using Sinch Mailgun
This collaboration has enabled SparkToro to achieve high email deliverability while minimizing costs, ensuring smooth and seamless communication with their growing customer base. A crucial component of their platform's success was finding a flexible and scalable email service that fit their startup budget. Using webhooks and the Send API, SparkToro created an internal preference system that allows customers to control the types of emails they receive. As SparkToro's customer base and email volume grow, the robustness and scalability of Mailgun's platform ensures that their communication infrastructure will remain seamless and effective. By providing affordable audience research tools, SparkToro helps companies of all sizes understand and reach their target markets effectively.
Source:Manila Times
August 07, 2024 09:04 UTC
Manila ranks 93rd in list of 100 most sustainable cities
Manila ranks 93rd in list of 100 most sustainable citiesPhotos show an aerial shot of Quezon City on February 10, 2024. MANILA, Philippines — The nation's capital, Manila, placed 93rd out of 100 cities in the Sustainable Cities Index 2024. Global consultancy firm Arcadis ranks countries with four main pillars, namely Planet, People, Profit and Progress. “In the 2024 index, Metro Manila ranked 93rd out of 100 cities,” Arcadis said in a statement. Here are the top 10 most sustainable cities, according to Arcadis:1.)
Source:Philippine Star
August 06, 2024 23:59 UTC
Fact check: Bogus site spreads false report on Sara Duterte, Quiboloy
MANILA, Philippines — A fraudulent website posing as INQUIRER.net has circulated a false story claiming a scandal involving Vice President Sara Duterte and Apollo C. Quiboloy during a live broadcast on SMNI. The fake report, found here, alleges that a heated exchange occurred between Duterte and the fugitive televangelist, resulting in controversial statements about wealth and passive income. The report includes fabricated quotes and scenarios designed to mislead readers. ADVERTISEMENTINQUIRER.net categorically denies that this story exists on its official platforms.The URL used by the bogus site does not match INQUIRER.net’s authentic structure, proving its inauthenticity. Stay vigilant and ensure your news comes from legitimate sources.
Source:Philippine Daily Inquirer
August 06, 2024 19:45 UTC
3.6pc pay hike set for Citybus
Stacy ShiCitybus has announced a 3.6-percent pay rise for all its staff. Additionally, full-time drivers and maintenance personnel will see a minimum salary increase of HK$810 per month, resulting in an average 3.86-percent pay rise among all employees. Its management said Citybus recognizes staff as the company's most valuable asset and has decided to enhance the overall remuneration package. The pay increase for frontline staff will take effect on September 1, while other employees will receive the raise starting January, based on their annual performance reviews. Citybus Limited Employees Union had initially proposed a 4.25-percent pay rise, but the company rejected this and offered a 3.5-percent increase.
Source:The Standard
August 06, 2024 19:14 UTC
Atletico star Griezmann to miss friendly against Kitchee on Wed
Spanish football club Atletico Madrid forward Antoine Griezmann will not feature against Kitchee on Wednesday for the friendly match in Hong Kong, citing medical issues. You can now learn about the features of the thrilling racetrack in a 45-minute bus tour from professional tour guides. Atletico will play against the Hong Kong club in their pre-season friendly fixtures at 8 pm tomorrow at the Hong Kong Stadium. However, Diego Simeone's side announced recently that some stars, including Griezmann, Argentine midfielder Rodrigo De Paul, and Slovenian goalkeeper Jan Oblak, were not coming with the team to Hong Kong. The club also announced at yesterday's pre-match press conference that it would donate US$150,000 (around HK$1.17 million) to the "Hong Kong Premier League Committee Youth Development Fund" to support Hong Kong football youth training.
Source:The Standard
August 06, 2024 18:54 UTC
Devexa AI Assistant Made Free for Brokers Licensing DXtrade Platform
Devexa, the virtual assistant for support and sales departments, is available to all brokers using the DXtrade platform, at no extra costDevexperts launches free three-month trial of PRO version of DevexaLONDONAug. 6, 2024/PRNewswire/ -- Devexa , the AI-powered virtual assistant and chatbot from global software developer for the capital markets industry, Devexperts, is now available, free of charge, to all clients of Devexpert's flagship white label trading platform product, DXtrade - alongside a free three-month trial of Devexa's more advanced iteration, Devexa PRO. DXtrade clients can now also access a free three-month trial of Devexa PRO. For first time subscribers, the request triggers the onset of an initial three-month trial period where additional benefits and full capabilities of Devexa can be accessed for free. Jon Light, Head of OTC Platform, says: "Devexa has already enabled subscribing clients to base their marketing campaigns on user data collected. We are happy to be offering our clients the opportunity to experience the additional advantages of Devexa PRO - and hope that this initial free trial will showcase her value."
Source:Manila Times
August 06, 2024 18:24 UTC
New Oriental Announces Upsizing of Share Repurchase Program
As previously disclosed, the Company launched a share repurchase program (the "Share Repurchase Program") whereby the Company was authorized to repurchase up to US$400 million of the Company's ADSs and/or common shares during the period from July 28, 2022 through May 31, 2023. The Share Repurchase Program was extended by two years through May 31, 2025. The Company's board of directors has approved an adjustment to the Share Repurchase Program, pursuant to which the aggregate value of shares that the Company is authorized to repurchase under the Share Repurchase Program is increased from US$400 million to US$700 million. The upsized Share Repurchase Program is effective through May 31, 2025. The Company's board of directors will review the Share Repurchase Program periodically, and may further authorize adjustment of its terms and size.
Source:Manila Times
August 06, 2024 15:24 UTC
Mega Matrix Announced that I Will Love You Forever, Until the End of My Life: Heart-Wrenching Love Story "Stitches of Regret: The Mistaken Heartbeat", Was First Released on August 2 at FlexTV
PALO ALTO, Calif.Aug. 6, 2024August 2/PRNewswire/ -- Mega Matrix Corp. ("MPU" or the "Company") (NYSE American: MPU), today announced that it launched its heartwarming short drama "Stitches of Regret: The Mistaken Heartbeat" onat FlexTV. On FlexTV, we cordially invite you to explore the essence of love in "Stitches of Regret: The Mistaken Heartbeat". Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.
Source:Manila Times
August 06, 2024 13:18 UTC
Lingering United States recession fears trigger bloodbath
Lingering United States recession fears trigger bloodbathThis undated file photo shows the Philippine Stock Exchange building in Taguig City. MANILA, Philippines — The local market opened the week reeling from prevailing fears of recession surrounding the United States. A huge 2.58 percent or 170.57-point plunge greeted the Philippine Stock Exchange index to start the week at 6,434.73. The broader All Shares index likewise plummeted by 2.24 percent or 80.43 points to close the session at 3,516.47. “Philippine shares fell back to the 6,400 territory as global recession fears surrounding the US made investors worrisome of a hard landing,” Luis Limlingan of Regina Capital said.
Source:Philippine Star
August 06, 2024 11:02 UTC
PSE to make changes in index composition
PSE to make changes in index compositionNo additions or removals will be made in the composition of the 30-member Philippine Stock Exchange index as well as that of the PSE dividend yield index and the holding firms index. No additions or removals will be made in the composition of the 30-member Philippine Stock Exchange index as well as that of the PSE dividend yield index and the holding firms index. The PSE said all changes to the PSE indices will take effect on Aug. 12. The PSE said the review of the composition of the indices was based on the policy on index management. It said relevant financial criteria as well as eligibility for early inclusion are also considered in the index review.
Source:Philippine Star
August 06, 2024 07:08 UTC
Senators call for improved toll road services before rate hike
MANILA, Philippines — The Toll Regulatory Board (TRB) should compel private operators of the country’s toll roads to resolve various problems affecting motorists before they are allowed to raise fees, two senators said on Monday. ADVERTISEMENTTulfo, the new chair of the Senate public services committee, said the problems in the cashless payment schemes of the toll operators had contributed to congestion on expressways and nearby communities. I’m very dead serious,” Tulfo told TRB officials. “They (toll operators) should be ashamed. Alvin Carullo, TRB executive director, admitted that toll road operators had “failed” to satisfy the state regulator’s requirement for implementing the contactless payment scheme.
Source:Philippine Daily Inquirer
August 06, 2024 00:15 UTC
Gov’t unions unhappy with promised pay hike
MANILA, Philippines — A four-year tranche salary increase for government workers that takes effect this year will only result in a daily wage hike of P24 during the first phase, according to unions of government employees. Based on their computation, the first phase of the salary increase would mean an additional P530 a month for Salary Grade 1 Step 1 workers. When divided into 22 working days, this would mean a daily increase of P24, not enough for a kilo of rice. “We are calling on our fellow government workers to unite and continue the fight for a better and more livable salary for everyone,” the groups said. —Dempsey Reyes
Source:Philippine Daily Inquirer
August 05, 2024 23:56 UTC
Senate adds new members to committees
Senate adds new members to committeesSenator Francis Tolentino moves to introduce new members in different Senate committees on August 5, 2024. MANILA, Philippines — New members were introduced to various Senate committees on Monday. The Senate had a major shakeup in May when Sen. Juan Miguel Zubiri stepped down as Senate President, with Sen. Francis Escudero taking his place. During the Senate’s Plenary Session on Monday, Senate Majority Leader Francis Tolentino moved for new members to join several committees, with Sen. Loren Legarda seven committees. “I move for the nomination and election of the members of the various permanent committees,” Tolentino said.
Source:Philippine Star
August 05, 2024 20:32 UTC