Cashless toll collections to start on December 1

Motorists the usage of toll roads now have over a month to secure their radio frequency identity (RFID) tags after the Department of Transportation (DoTr) extended the cut-off date for the total implementation of the cashless collection machine.

In a announcement on Wednesday, the DoTr said the shift to this machine was moved to December 1 from the authentic November 2 deadline after toll plazas noticed a surge within the quantity of motorists looking to get the RFID tags, ensuing in lengthy queues.


The new closing date "will now not be extended past this date," it added.

Toll Regulatory Board (TRB) Executive Director Abraham Sales stated the extension might "provide motorists more time to conform with the department order and to prevent the lengthy queues presently being skilled at toll roads within the rush to get the RFID stickers."
Tollway operators Metro Pacific Tollways Corp. And San Miguel Corp. Have both prolonged their RFID installation.

In late August, the DoTr issued Department Order 2020-012, mandating the TRB, Land Transportation Franchising and Regulatory Board, and Land Transportation Office to create new methods to make sure operators' swift adoption of cashless toll series.

The branch stated contactless transactions will be carried out within the South Luzon Expressway, Manila-Cavite Toll Expressway, North Luzon Expressway, South Metro Manila Skyway, Southern Tagalog Arterial Road Tollway, Subic-Clark-Tarlac Expressway, Cavite-Laguna Expressway; and all other road networks, inclusive of any extension of the aforementioned expressways that may be built, set up and/or operated as limited-access highway toll facilities.
The Securities and Exchange Commission (SEC) has accredited the public services of two real estate corporations and one creation firm aimed toward raising finances for capital expenditures and projects, amongst others.

In a statement on Wednesday, the SEC identified the offerings because the P30-billion fixed-charge bonds of Filinvest Land Inc., the P5-billion perpetual preferred shares of Megawide Construction Corp. And the P1.4-billion business papers of Cityland Development Corp.

These had been authorised in a assembly on October 27, it stated.

Gotianun-led Filinvest Land will provide up to P6.Seventy five billion worth of 3-yr and five-and-a-half-year bonds — due 2023 and 2026, respectively — with an oversubscription alternative of up to P2.25 billion for the primary tranche.

Pagcor profit plummeted over 97% in 9 months

The Philippine Amusement and Gaming Corp. (Pagcor) noticed its net earnings sink to P132.67 million inside the first 9 months of 2020.

According to the state-run firm's state-of-the-art announcement of comprehensive earnings, the quantity become a ninety seven.32-percent plunge from P4.Ninety six billion within the equal length a year ago.


In a textual content message to The Manila Times, Pagcor Chairman and Chief Executive Officer Andrea Domingo blamed the coronavirus disorder 2019 (Covid-19) pandemic for the reduced profit without elaborating in addition.

Pagcor suspended its regulated gaming operations on March 15 after the authorities declared a public fitness emergency in the us of a because of Covid-19 after nearby transmissions were recorded, more than  months after the first case — a vacationer from the Chinese town of Wuhan, wherein the fantastically contagious ailment first emerged in December — turned into reported.

Luzon became positioned beneath superior community quarantine two days later to comprise the unfold of the coronavirus, which has claimed extra than 7,100 Filipino lives as of Wednesday.

Pagcor's general profits net of gaming taxes and contributions settled at P16.07 billion in the first 3 quarters, 45.26 percent smaller than the P29.36 billion a year in advance.

In a breakdown, income from gaming operations slipped by means of -fifty nine.Ninety six percent to P22.32 billion from P55.Seventy six billion a 12 months ago.

Earlier, a Pagcor respectable attributed the lower gaming sales to the subdued profits of Philippine offshore gaming operators (POGOs) and their service companies.


According to Jose Tria, Pagcor assistant vice chairman for offshore gaming licensing, the company's monthly regulatory charges of round P600 million a month have been slashed by means of almost half of after best 32 out of 60 POGOs had been allowed to renew operations, but on 30-percent capability.

Pagcor's profits from different associated services hit P601.11 million in January to September, a 46.06-percentage plunge from P1.11 billion a year earlier.

Other income reached P4.86 billion within the length, up 176.Fifty four percent from P1.Seventy six billion a yr in the past, whilst  general expenses reduced by way of 34.73 percentage to P15.91 billion from P24.3 billion.

DA: More pork to be shipped to Luzon this week

The Department of Agriculture (DA) and representatives of the united states of america's hog industry agreed to boom shipments of hogs and "pork-in-a-container" from the Visayas and Mindanao to address the low deliver and artificially high charges of the commodity in public markets in Metro Manila and different components of Luzon.


In a digital meeting between DA officials and major hog producers, Agriculture Secretary William Dar stated the accelerated shipments could begin this week.

"We will increase our partnerships with hog producers and buyers, deliver owners and operators, and local authorities officials in [the] Visayas and Mindanao to deliver Metro Manila and Luzon with hogs and frozen red meat, and in the end deliver down fees for the advantage of consumers," Dar stated in a announcement on Tuesday.

The weekly shipments might be expanded to between 27,000 and 30,000 hogs from the ports in Davao, General Santos and Cagayan de Oro cities beginning next week till December.
During the meeting, it become mentioned that San Miguel Corp. Objectives to growth shipments of "pork-in-a-container" from Mindanao to four container vehicles or 48 metric tons (MT) every week. Each van carries 12 MT of frozen hog carcasses.

DA local administrators inside the Visayas said stay hogs might additionally be shipped from Cebu, Iloilo and Leyte provinces.

Dar said their collective efforts could enhance the dwindling supply of pork in Luzon, which resulted from the depopulation of hog farms there that had been hit with the aid of the African swine fever (ASF).

"This is a problem of logistics — together with sourcing, distribution and advertising — which we will address without difficulty. All we ask is the total cooperation of key players within the complete hog enterprise value chain," he delivered.


The Agriculture chief stated he had sought the assistance of Transportation Secretary Arthur Tugade to coordinate with transport organizations to growth the variety and frequency of vessels plying the routes from Cagayan de Oro, General Santos and Davao, and different primary ports within the Visayas and Mindanao sure for Manila and other ports in Luzon.

According to him, pork fees in choose supermarkets in Manila are currently plenty decrease than those in moist markets.

Semirara Mining income tumbled 64% in Jan-Sept

Listed Semirara Mining and Power Corp. Reported on Wednesday that its net earnings after taxes fell to P3 billion in the first 9 months of 2020 on reduced coal costs and volumes.

In a disclosure, the Consunji-led included strength corporation said the quantity become a sixty four-percentage lower from P8.2 billion within the same length a yr in the past.



For the third quarter by myself, internet profits dived by way of 71 percentage to P7.Five million from P2.Fifty eight billion remaining 12 months.

Semirara Mining attributed the reduction inside the July-to-September income to the "further decline in coal export charges and decrease coal quantity bought."
Coal sales dropped through 30 percentage to eight.4 million metric heaps (MT) in January to September from 12.1 million MT, whilst center income of the firm's coal phase fell by using 57 percentage to P3 billion year-on-12 months.

The powerful composite average coal fee also decreased by way of 20 percentage to P1,712 in line with MT from P2,133/MT.

"Coal production is not considerably affected by the Covid-19 pandemic, as it published 10.Nine million MT from 12 million MT produced at some stage in the identical period ultimate 12 months with [a] 9-percent drop yr-on-year," Semirara Mining stated.

Meanwhile, subsidiary Southwest Luzon Power Generation Corp. Noticed its middle earnings sink by way of 111 percentage to -P0.23 billion from P2.08 billion year-on-12 months.


Total energy offered decreased by means of 23 percent to one,half gigawatt hours (GWh) from 1,357 GWh in 2019.

Composite common charge is at P2.Seventy nine according to kilowatt hour (kWh) in 2020 from P4.15 consistent with kWh in identical length closing 12 months.

Another unit, Sem-Calaca Power Corp., noticed its core income surge through 120 percent from -P0.88 billion to P0.17 billion after finishing its lifestyles extension software.

Its internet energy technology rose via 139 percent to two,310 GWh from 968 GWh a yr earlier.
Total energy offered reached 2,146 GWh, up 56 percent from 1,380 GWh.

Semirara Mining shares lost 92 centavos or 7.89 percent to shut at P10.74 each on Wednesday.
Listed Union Bank of the Philippines (UnionBank) saw its net income dip to P8.Five billion inside the first 9 months of the year on large mortgage loss provisions.

In an October 23 statement that become launched on Wednesday, the Aboitiz-led lender stated the quantity changed into 0.Nine-percent lower than the 12 months-earlier determine.

For the 0.33 zone alone, UnionBank's net income turned into P4.2 billion, an 11-percent growth from the 12 months-ago quantity.

The financial institution said the nine-month determine "already consists of the tremendously excessive provision for mortgage losses, which could result from the Covid (coronavirus disorder) disaster, that it set aside in advance this year."
Revenues in January to September grew by way of 33 percentage 12 months-on-year to P31.Eight billion as net hobby income stepped forward with the aid of 36 percent to P21.4 billion "from the continuing boom of incomes property and higher margins compared to the equal duration remaining year," it added.

Non-hobby earnings extended by means of 26 percentage to P10.4 billion, which UnionBank traced to better buying and selling gains.

Total deposits jumped 29 percent yr-on-year to P539.9 billion.

Net hobby margin for the first 3 quarters picked up by means of 92 foundation factors to 4.6 percent, which the lender attributed to the 33-percent year-on-yr increase in contemporary account and savings account deposits and lower investment cost.


As of September 30, belongings have been at P758.Zero billion, 11 percentage wider than ultimate 12 months's quantity.

Despite the modern-day weakened state of the economy, the financial institution stated its state-of-the-art monetary results proved its fulfillment in digitizing the entire organisation to the core and efficaciously "destiny-proofing the commercial enterprise" by giving it agility and scalability inside the face of main disruptions, consisting of the pandemic.

"We took it to heart and embarked on a project to transform our bank to be aggressive within the [Fourth] Industrial Revolution through becoming virtual to the center," Edwin Bautista, UnionBank president and chief executive officer, become quoted as saying inside the declaration.

"We might also now appear to be a one-of-a-kind bank, however our motive remains the equal: to elevate lives and fulfill goals, with the goal to co-create innovations for a better world," he introduced.

UnionBank shares accelerated by 2 centavos or zero.36 to close at P55 each on Wednesday.

The Democrats will have as many as 265 seats

PiS 29%, Ko 23, Poland 2050 as much as 20 percent - these are sensational results of the Ipsos survey for Oko press. In such a Sejm, only a coalition of co, Poland and the left could rule-it would have 265 seats. Pis even with the Confederation-only 194.

Look who's voting for Kaczynski.

The results of the Ipsos survey for Oko, which ended on Wednesday, November 25. the press clearly confirms that there is a rapid change in the political landscape. Sensational is the best result of the formation of Shimon Kholunya in the polls of reputable studios-20 percent, barely 3 percentage points. for KO and 9 points for the boy. All this is due to the deterioration of the economy, among other things. In connection with the quarantine, the question of work is acute,and many move to the online sphere, knowing that you can earn additional income, as deltamarket broker does  many professions in connection with the pandemic were called into question.

The more conservative Poland of 2050 strikes at the bastions of Ipr in rural areas and in groups of less educated people.
if these were the results of real elections the sejm would include the five winning parties:

Pis-161 seats, 72 less than now (according to the Sejm);
Ko-120, 14 less;
Poland 2050-103;
Left-42 6 less;
Confederacy-33, 22 more.
the psl coalition with kukiz ' 15 will not enter the sejm, currently it has 30 seats.

The Sejm elected today would look like this:

With this state of political sympathy, the PiS will lose its majority in the Sejm, even with the Confederation it will have only 194 seats. Only an opposition, pro-democratic trio could rule: the coalition, Poland and the left. Its majority will be solid-265 seats. To overcome the president's veto-and Duda will rule until 2025-you need 276 votes.

In the last two polls of the well-known Kantar, the results were similar, only in our country the PiS is slightly stronger, and the Holovnya party is much better. But Ko's rating is slightly weaker.

Political history 2016-2020 See her like in a movie

On a special "rolling chart" , we show the ratings of the five main political forces in the Ipsos poll for Oko. press since the creation of our portal in June 2016. We also present the results of the Seimas elections in 2015 and 2019 (by hovering over the graph of this party, you can also see its Solo ratings).

The last two polls feature Poland 2050, whose candidate won 13.9 percent of the vote in the 2020 presidential election. The cavalry formation is better now.
for ko, this is the second-worst result in our polls (and 3 points less than in the 2019 election). After the PiS victory in 2015, the amount of quotes then was powerful .the liberal opposition took advantage of the outrage caused by the ipr's attack on the constitutional tribunal.

After the disastrous "trip to Madeira" Ryszard Petru ratings .n dropped three times, and the duo after+.N in 2018 and 2019 stabilized at the level of 25-27 percent. (the jump in may 2019 is a measurement of the european coalition involving the sld and psl).

Holovni's movement received a certain amount of support in April 2020, but since then both groups have gained 6-7 percentage points each. each.

The result of the left is slightly lower than the 2019 elections (12.6%) and pre-election polls, which gave it as much as 15%.

And vice versa, with the confederation: the polish jobbik notes a steady slight increase, in the 2019 elections they had 6.8%., the same amount was won by krzysztof bosak in the presidential election.

BSP to soft launch debt papers in Q1

The Bangko Sentral ng Pilipinas (BSP) is seeking out a gentle launch of its maiden debt paper presenting inside the first quarter of the year, its chief stated.

"We may have a soft launching through first region and we can launch it formally inside the 2nd area this year," BSP Governor Benjamin Diokno advised newshounds all through the primary GBED Talks press chat held past due final week.

The critical bank's authority to problem negotiable certificate of indebtedness even at some stage in ordinary onlinemarketshare scam  instances become restored by means of Republic Act (RA) 11211.

Signed into regulation in February this 12 months, RA 11211 amended RA 7653 or the "New Central Bank Act of 1993."

Prior to the change, Bangko Sentral debt services have been best allowed at some point of cases of remarkable price movements.

"For the first quarter, we can conduct a market sounding exercise so we are able to be discussing with counterparties the features of the new securities and simply to get an idea on their possibilities," BSP Department of Economic Research Director Dennis Lapid, meanwhile, stated.

Earlier, Diokno mentioned that the tenor for the imperative bank debt papers may be brief-termed.

"Shorter than T-bills. Probably 60 days, however we are able to actually consider the alternative tenors," he stated.

Based on the amended central financial institution charter, "the Monetary Board shall determine the hobby costs, maturities and other characteristics of stated duties of the Bangko Sentral, and can, if it deems it recommended, denominate the responsibilities in gold or overseas currencies."

Former BSP Deputy Governor Diwa Gunigundo has stated critical bank services will now not compete with the country wide government's debt issuance.

"Far from it. We realize, we understand, that the issuance of the vital financial institution payments or bonds must not compete with the treasury," he stressed. "So even in case there's a want, allow's say, to difficulty lengthy-dated securities, it have to be one-off."
The benchmark Philippine Stock Exchange index (PSEi) will in particular be tracking the file on fourth-sector gross home product (GDP) growth this week.

"We're watching for a sideways motion with an upside bias because of the approaching launch of Philippine GDP information for 2019, given our forecast of 6.Four-percentage increase in Q4 (fourth sector)," Philstocks Financial Inc. Studies associate Claire Alviar stated.

The Philippine financial system grew by 6.2 percent within the 0.33 sector of the year from 6.0 percent a 12 months ago, pushed by means of boom in government spending and consumption.

"If the GDP information for the fourth area comes around our expectation, it'd lift the bourse," she said.

But Alviar burdened that the 7,900 resistance degree would not be breached until GDP registers better than expectation or at the least the decrease give up of the authorities's goal.

Last week, brokerage company 2TradeAsia mentioned that the Taal volcano eruption "saved buyers on tentative notice," dismissing the signing of the USA and China's section one deal on January 15.

"Taal's incident may also have taken some aback, but it is worthy to observe the Philippines controlled to survived this onslaught," it stated.

"This ought to come to fore when the dust settles, and prod buyers to start repositioning on Filipinos who have long gone via the direction of healing," it brought.

2TradeAsia pegged the on the spot aid at 7,six hundred mark and resistance inside 7,850 to 7,950 stage.

On Friday, PSEi added zero.Ninety one percentage or 69.40 points to end at 7,722.58 while the wider All Shares inched up 0.Forty five percent or 20.19 factor to finish at four,551.19.

Computations

Computations

To show why public investors have did not select a director or  to the board of Jolliville, Due Diligencer did a few computations.

It could not be true, as Jolliville confirmed in its POR, that its public stockholders owned 34.24 percent of the organization’s 281.Five million excellent stocks. The facts within the business enterprise’s GIS showed only 33 stockholders as owners of 280.224 million JOH stocks, which represent ninety nine.5 percent of wonderful stocks.

Subtract one hundred seventy five.799 million JOH shares, the quantity of stocks held by using most people owners and affiliates indexed in Jolliville’s POR, from 280.224 million JOH stocks held by 33 stockholders inside the GIS and you get 104.424 million shares, or 37.096 percent.

Deduct again 50.016 million JOH stocks held by means of most people proprietor’s pals from 104.424 million JOH stocks, and the distinction of 54.408 million JOH stocks, or 19.328 percentage, belong to different bigger shareholders together with the proprietors’ allies.

Due Diligencer is not attributing to the public the ownership of 104.424 million JOH stocks, or 37.096 percent, which would too huge to be believed. Rather, these had been held – and nevertheless are held – by affiliated stockholders as shown in Jolliville’s list of pinnacle one hundred stockholders.

The public will definitely be puzzled by way of the confusing presentation of the ownership of stockholders in Jolliville’s top one hundred listing, its GIS and POR.