U Power Expands Global Footprint with Strategic Move into Thai Market
During the initial phase of the partnership, U Power will introduce battery swapping technology and compatible EVs. Jia Li, Chairman and CEO of U Power, commented, "We are proud to enter into a strategic partnership with Pattaya AI. AdvertisementAbout Pattaya AI Terminal Co., Ltd.Pattaya AI, a subsidiary of Pattaya Group, specializes in airport solutions. Safe Harbor StatementsThis press release may contain "forward-looking statements". Forward-looking statements reflect our current view about future events.
Source:Manila Times
July 03, 2024 10:40 UTC
DouYu International Holdings Limited Announces Special Cash Dividend
Holders of the Company's ADSs will receive the cash dividends through JPMorgan Chase Bank, N.A., the depositary, subject to the terms and conditions of the deposit agreement. Primarily due to the Company's current cash position, our Board of Directors has approved a special cash dividend of approximately US$300 million as part of our ongoing effort to return value to our shareholders." About DouYu International Holdings LimitedHeadquartered in Wuhan, China, DouYu International Holdings Limited (Nasdaq: DOYU) is a leading game-centric live streaming platform in China and a pioneer in the eSports value chain. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. AdvertisementInvestor Relations ContactIn China:Lingling KongDouYu International Holdings LimitedAdvertisementEmail: [email protected]Tel: +86 (10) 6508-0677Andrea GuoPiacente Financial CommunicationsAdvertisementEmail: [email protected]Tel: +86 (10) 6508-0677In the United States:Brandi PiacenteAdvertisementPiacente Financial CommunicationsEmail: [email protected]Tel: +1-212-481-2050Media Relations ContactAdvertisementLingling KongDouYu International Holdings LimitedEmail: [email protected]Tel: +86 (10) 6508-0677
Source:Manila Times
July 03, 2024 10:33 UTC
PAOCC files raps vs Chinese nationals involved in Porac POGO
PAOCC files raps vs Chinese nationals involved in Porac POGOMANILA, Philippines — The Presidential Anti-Organized Crime Commission (PAOCC) on Tuesday filed complaints before the Department of Justice (DOJ) against two Chinese citizens in connection with the raided Philippine offshore gaming operator (POGO) hub in Porac, Pampanga. These are the first charges filed against individuals related to the Porac POGO raid. The Porac-based POGO operated by the Chinese nationals, affiliated with Lucky South 99 Corp., was raided by authorities on June 5. In the same POGO hub, Chinese Army uniforms and war medals were also discovered. Despite the authorities' discoveries at the POGO hub, Lucky South 99 Corp. has denied engaging in illegal activities.
Source:Philippine Star
July 02, 2024 23:46 UTC
Philippines to remain cyclone-free for the next 2 to 3 days — PAGASA
The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on Tuesday, July 2, said it has not monitored a tropical cyclone near or inside the country’s area of responsibility that may influence the weather conditions in the next two to three days. READ: https://mb.com.ph/2024/7/2/philippines-to-remain-cyclone-free-for-the-next-2-to-3-days-pagasaSubscribe to the Manila Bulletin Online channel! - https://www.youtube.com/TheManilaBulletinVisit our website at http://mb.com.phFacebook: https://www.facebook.com/manilabulletinTwitter: https://www.twitter.com/manila_bulletinInstagram: https://instagram.com/manilabulletinTiktok: https://www.tiktok.com/@manilabulletin#ManilaBulletinOnline#ManilaBulletin#LatestNews
Source:Manila Bulletin
July 02, 2024 17:54 UTC
INQToday: Angara is new DepEd chief; P35 wage hike in Metro Manila ‘insufficient’, senators say
Here’s a quick roundup of today’s top stories:Senator Sonny Angara will be replacing Vice President Sara Duterte as the new Education Secretary, the Palace announced Tuesday. ADVERTISEMENTThe Presidential Communications Office said in a statement that Angara will take the helm of the Department of Education (DepEd) starting July 19. The P35 wage hike for private sector workers in Metro Manila is “insufficient” to meet the real needs of the people, senators said Tuesday. Running for president in 2028 is not yet part of her plan, according to Senator Risa Hontiveros. What she is certain for now is that the opposition will field its senatorial bets in the 2025 midterm elections and probably a full slate in 2028.
Source:Philippine Daily Inquirer
July 02, 2024 16:55 UTC
'Hinamon agad': Makabayan solons challenge Angara to solve education sector woes
Senator Sonny Angara has yet to officially take over as Department of Education (DepEd) secretary, but Makabayan solons already have a challenge for him. And that's to turn things around in the education sector as for its stakeholders, according to ACT Teachers Party-list Rep. France Castro and Gabriela Party-list Rep. Arlene Brosas. READ: https://mb.com.ph/2024/7/2/hinamon-agad-makabayan-solons-challenge-angara-to-solve-education-sector-woes-1Subscribe to the Manila Bulletin Online channel! - https://www.youtube.com/TheManilaBulletinVisit our website at http://mb.com.phFacebook: https://www.facebook.com/manilabulletinTwitter: https://www.twitter.com/manila_bulletinInstagram: https://instagram.com/manilabulletinTiktok: https://www.tiktok.com/@manilabulletin#ManilaBulletinOnline#ManilaBulletin#LatestNews
Source:Manila Bulletin
July 02, 2024 16:24 UTC
New Oriental to Report Fourth Quarter 2024 Financial Results on July 31, 2024
BEIJING, July 2, 2024 /PRNewswire/ -- New Oriental Education and Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced that it will report its financial results for the fourth quarter ended May 31, 2024, before the U.S. market opens on July 31, 2024. New Oriental's management will host an earnings conference call at 8 AM on July 31, 2024, U.S. Eastern Time (8 PM on July 31, 2024, Beijing/Hong Kong Time). Participants can join the conference using the below options:Dialling-in to the conference call:Please register in advance of the conference, using the link provided below. New Oriental's program, service and product offerings mainly consist of educational services and test preparation courses, private label products and livestreaming e-commerce and other services, and overseas study consulting services. New Oriental is listed on NYSE (NYSE: EDU) and SEHK (9901.SEHK), respectively.
Source:Manila Times
July 02, 2024 15:39 UTC
Marcos approves P6.3-trillion proposed 2025 budget
Marcos approves P6.3-trillion proposed budget for 2025President Ferdinand R. Marcos Jr. visits San Jose de Buenavista, Antique to provide financial assistance and livelihood grants to farmers and fishermen affected by El Niño on June 27, 2024. MANILA, Philippines — President Ferdinand Marcos Jr. has set the proposed national budget for 2025 at P6.352 trillion — a record-high outlay that captures the administration's macroeconomic targets and spending priorities in an election year. The proposed P6.532 spending plan for 2025, which Marcos approved during a Cabinet meeting on Tuesday, is at least 10% higher than the current year's P5.768 trillion budget. Education stands to get the lion's share of the proposed budget, as required by the 1987 Constitution. Pangandaman said the government is eyeing to submit the proposed budget to Congress on July 29, a week after Marcos' third State of the Nation Address.
Source:Philippine Star
July 02, 2024 14:37 UTC
Datasea Announces Pricing of $2.25 Million Registered Direct Offering
Datasea intends to use the net proceeds from the offering for research and development, market development and for general corporate purposes. In July 2023, Datasea established a wholly-owned subsidiary, Datasea Acoustics LLC, in Delaware, in a strategic move to mark its global presence. This underlies Datasea's commitment to Intelligent Acoustics and its intent to offer leading edge acoustic solutions to the US market. Forward-looking statements in this press release include, without limitation, the timing for closing of the offering, the satisfaction of customary closing conditions related to the registered direct offering, and the expected use of proceeds from the offering. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates", "target", "going forward", "outlook," "objective" and similar terms.
Source:Manila Times
July 02, 2024 13:25 UTC
Wage hike of P35 for Metro Manila private sector workers approved – DOLE
MANILA, Philippines — A P35 daily wage hike was approved for private sector workers in Metro Manila by the Regional Tripartite Wages and Productivity Board (RTWPB). The Department of Labor and Employment (DOLE) said the RTWPB’s order will take effect 15 days from its publication or on July 17. “The wage order is expected to directly benefit around 988,243 minimum wage earners in NCR (National Capital Region),” the DOLE said. “About 1.7 million full-time wage and salary workers earning above the minimum wage may also indirectly benefit as a result of upward adjustments at the enterprise level arising from the correction of wage distortion,” it added. Barangay Micro Business Enterprises, on the other hand, are not covered by the minimum wage law pursuant to Republic Act No.
Source:Philippine Daily Inquirer
July 02, 2024 00:14 UTC
Innovation and the convergence of AI and ESG in Philippines
Innovation and the convergence of AI and ESG in PhilippinesMANILA, Philippines — The Philippines is experiencing a transformative period marked by the convergence of Artificial Intelligence (AI) and Environmental, Social and Governance (ESG) principles. AI and ESG: A powerfulcombinationAI’s capacity to analyze vast datasets and generate actionable insights is being increasingly harnessed to tackle ESG issues. The convergence of AI and ESG in the Philippines fosters innovations that support sustainable development while promoting economic growth. In addition, the Philippine government inked a memorandum of understanding with a California-based startup focusing on AI weather forecasting. AI for governance and transparencyGovernance is a critical aspect of ESG and AI is enhancing transparency and accountability in the Philippines.
Source:Philippine Star
July 01, 2024 20:37 UTC
Philippines’ oldest political prisoner released
Philippines’ oldest political prisoner releasedThis photo shows 85-year-old Gerardo Dela Peña holding his certificate of discharge when he was released from the New Billibid Prison on June 30, 2024. MANILA, Philippines — The country’s oldest political prisoner has been released from detention on Sunday, prisoner rights group Kapatid said. Dela Peña was arrested on March 21, 2013 at the age of 75 in Vinzons, Camarines Norte. "The release of political prisoner Gerardo Dela Peña is a testament to the power of perseverance, vigilance and community in overcoming challenges. Meanwhile, the Department of Justice has yet to respond to Philstar.com's request for a comment on Dela Peña’s release.
Source:Philippine Star
July 01, 2024 19:36 UTC
From Beijing with Love: Hong Kong gifted third pair of giant pandas
Giant pandas Ying Ying (left) and Le Le (right). The government has been in liaison with the Hong Kong and Macao Affairs Office and the National Forestry and Grassland Administration to discuss the arrival arrangements of the giant pandas, a spokesman said. “The new pair of giant pandas will become close ‘family members’ of Hong Kong people, bringing us laughter and joy,” Lee continued. The Hong Kong leader also expressed his deepest gratitude to the Central Government for gifting another pair of giant pandas and said this fully demonstrates its care and support for the city. Details of the arrangements for welcoming the giant pandas to Hong Kong will be announced in due course, the spokesman added.
Source:The Standard
July 01, 2024 10:50 UTC
Why Japan is always a good idea for fun
Why Japan is always a good idea for funThe last time I was in Osaka was back in 2019, when I went with my mom and daughter Gabbie. We left Wednesday afternoon and, after a two-hour delay in NAIA, arrived in Kansai airport past 8 p.m. Japan time. I almost forgot that Osaka is the land of “falling in line.” The good places to eat always have lines, and Hanamaruken was no exception. It was a good decision because their ramen turned out to be delicious. Japan is always a good idea for shopping, eating, and bonding.
Source:Philippine Star
June 30, 2024 17:01 UTC
Sara Duterte says no confidential fund proposed for OVP's 2025 budget
Sara Duterte says no confidential fund proposed for OVP's 2025 budgetMANILA, Philippines — Vice President Sara Duterte said that the Office of the Vice President (OVP) did not request confidential and intelligence funds (CIF) from the 2025 national budget. “For the Office of the Vice President, no, wala kaming proposal ng confidential funds for next year,” Duterte said in an interview with reporters. (For the Office of the Vice President, no, we do not have a proposal for confidential funds for next year.) A month later, the OVP retracted its appeal to receive P650 million in confidential funds from the 2024 national budget. The first petitioners assailed the constitutionality of the P125 million transfer of the Office of the President’s contingency fund to the OVP’s CIF in 2022.
Source:Philippine Star
June 30, 2024 16:55 UTC