Latest news with #488
IOL News
11 hours ago
- Business
- IOL News
Two winners share R78. 9 million Lotto jackpot
iol Two people have bagged the R78,977,677.80 Lotto jackpot from the June 18, 2025, draw. Two people have bagged the R78,977,677.80 Lotto jackpot from the June 18, 2025, draw. According to the National Lottery, each person will walk away with R39,488,838.90. The first winning ticket was purchased through a banking app with a R200 wager using the quick pick selection method. The second winning ticket was purchased at a Day and Night Superstore in Johannesburg, with a R30 wager using the quick pick selection method. Ithuba said the the winner who played via a banking platform has been notified of their winnings by their bank and the operator urges in-store participants to check their tickets. Ithba CEO Charmaine Mabuza said:"This draw not only produced one multi-millionaire, but two. "Both winners will walk away with significant amounts of money that will undoubtedly change their lives." She said the winner service team is eagerly awaiting the arrival of these winners and is ready to help and support them every step of the way. Ithuba said to help winners enjoy lasting benefits from their winnings, Ithuba offers access to certified financial experts who provide valuable financial insights for winners of R50,000 and above. "Our objective is to empower winners tomake informed decisions and secure their financial future, ultimately changing their lives forever through their winnings." All winners have 365 days from the draw date to claim their winnings. IOL News
GMA Network
a day ago
- Business
- GMA Network
CA order for gov't to pay P28B to Hacienda Luisita not yet final, executory —Landbank
State-run lender Land Bank of the Philippines on Thursday said the Court of Appeals' (CA) decision for the Department of Agrarian Reform (DAR) and state-run Land Bank of the Philippines (LBP) to pay P28 billion as just compensation to Hacienda Luisita Inc. (HLI) for distribution of its land to farmer beneficiaries is not yet final as the decision is still being appealed. 'The CA decision is not yet final and executory. A Motion for Reconsideration was filed by the DAR in May 2025 and is awaiting resolution,' Landbank said. 'If sustained by the CA, DAR may elevate the case to the Supreme Court (SC),' the bank said. In a 35-page decision, the CA said the Tarlac City Regional Trial Court-Special Agrarian Court (RTC-SAC) incorrectly computed the compensation for Hacienda Luisita because the amount to be paid in exchange for the property taken should be "real, substantial, full, ample, just and fair, with due consideration to the factors enumerated under Section 17 [on determination of just compensation] of the Comprehensive Agrarian Reform Law." The decision covers 4,500 hectares of Cojuangco family-owned HLI land. 'Respondents are ordered to pay petitioner the total amount of P28,488,944,278.71 as just compensation as of 30 April 2025, without prejudice to the accrual of interest until fully paid," the CA said. In its statement, Landbank clarified that it was 'dropped as a party respondent to the just compensation case [CA-G.R. SP No. 180821, 'Hacienda Luisita, Inc (HLI). vs. Land Bank of the Philippines and DAR'] by the Court of Appeals (CA) in its decision on April 30, 2024.' 'The latest CA decision on the case, dated April 25, 2025, ordering the payment of P28.49 billion in just compensation to HLI is chargeable against the Agrarian Reform Fund (ARF), which is owned by the National Government and administered by the Department of Agrarian Reform (DAR),' the bank said. The state-run lender further said its designated role was as custodian of the ARF, 'in charge of carrying out disbursement instructions by the DAR.' In November 2011, the Supreme Court voted 14-0 ordering the distribution of nearly 5,000 hectares of land to some 6,000 farmer beneficiaries of HLI. In a 56-page decision, the 14 magistrates "recalled and set aside" the option given to the farmer beneficiaries — some of them members of Alyansa ng mga Manggagawang Bukid sa Hacienda Luisita (Ambala) and Farm Workers Agrarian Reform Movement (FARM) — to remain as HLI stockholders. The high tribunal upheld its ruling in April 2012. The sprawling estate had been under the control of the family of former Presidents Corazon Aquino and Benigno Aquino III for around six decades before the SC ordered the total distribution of the property to farmworker beneficiaries.—LDF, GMA Integrated News
The Star
2 days ago
- Business
- The Star
Bursa Malaysia ends flat as caution prevails amid geopolitical jitters
KUALA LUMPUR: The local bourse ended little changed on Wednesday as investors stayed on the sidelines amid cautious regional sentiment and geopolitical concerns. The FBM KLCI closed nearly flat at 1,511.95, inching up 0.31 point or 0.02%, after touching an intraday high of 1,512.96. Market breadth was negative, with 488 losers outpacing 361 gainers, while 503 counters were unchanged. Turnover stood at 2.43 billion shares worth RM1.8bil. Westports was the top gainer on Bursa Malaysia, rising 20 sen to RM5.50. Allianz added 16 sen to RM19.06, PETRONAS Dagangan gained 16 sen to RM21.36, while Apollo climbed 14 sen to RM6.39. Among the losers, PPB Group slid 38 sen to RM10.38, Hong Leong Industries fell 18 sen to RM13.30, Malaysian Pacific Industries lost 16 sen to RM19.64 and BAT declined 12 sen to RM4.80. Dealers said investors are expected to remain cautious, with market sentiment likely to stay subdued in the near term amid concerns over rising tensions in the Middle East. They added that investors will also be watching for signals on the direction of U.S. interest rates. On the forex market, the ringgit slipped 0.18% against the US dollar to 4.2508 but edged up 0.05% against the Singapore dollar to 3.3087. Around the region, Japan's Nikkei 225 rose 0.9%, South Korea's Kospi gained 0.74% and Hong Kong's Hang Seng Index closed down 1.12%. China's CSI 300 Index rose 0.12% while the Shanghai Composite Index added 0.04%.
GMA Network
3 days ago
- Business
- GMA Network
DAR, Landbank ordered to pay P28 billion to Hacienda Luisita
The Court of Appeals (CA) has ordered the Department of Agrarian Reform (DAR) and state-run Land Bank of the Philippines (LBP) to pay P28 billion as just compensation to Hacienda Luisita Inc. (HLI) following the Supreme Court's decision ordering the distribution of HLI land to farmer beneficiaries. In a 35-page decision, the CA said the Tarlac City Regional Trial Court-Special Agrarian Court (RTC-SAC) incorrectly computed the compensation for Hacienda Luisita because the amount to be paid in exchange for the property taken should be "real, substantial, full, ample, just and fair, with due consideration to the factors enumerated under Section 17 [on determination of just compensation] of the Comprehensive Agrarian Reform Law." With its ruling, the appellate court granted the petition for review filed by HLI. It also reverses and sets aside the February 15, 2023 decision and August 11, 2023 resolution of the RTC-Branch 63 of Tarlac City, which acted as the Special Agrarian Court. "Respondents are ordered to pay petitioner the total amount of P28,488,944,278.71 as just compensation as of 30 April 2025, without prejudice to the accrual of interest until fully paid," the CA said. The tribunal found that the RTC-SAC "erred," saying that in determining just compensation, "reliable and actual data should have been considered," consistent with DAR regulations, in determining the "fair and full equivalent for the loss sustained by the landowner." "There was data submitted by petitioner HLI for the computation of the Average Gross Income and that it was rejected by DAR Adjudication Board on the purported claim that it was not accurate. There was, however, no proof provided in the said DAR Adjudication Board decision that no data was submitted by the landowner [HLI] or that the data that HLI submitted cannot be verified or validated," the CA added. Further, the CA ruled that the RTC-SAC merely echoed and adopted the findings of the DAR Adjudication Board, which also relied on the valuations made by the DAR and the LBP. "To this Court, petitioner should be compensated fairly and fully in accordance with the equivalent loss sustained by it as landowner. In this regard, an examination of the circumstances of the case at bench showed that the RTC-SAC erred when it did not take into account the actual production value in the determination on how much is the correct just compensation due to petitioner HLI and when it simply affirmed the LBP and DAR's use of industry standard values in determining the land valuation of the CARP acquired properties," the CA said. "In this case, there was a clear admission on the part of DAR in its Answer that petitioner HLI's Audited Financial Statement was available and submitted to them, only that they deny considering them on the general claim, without more, that they cannot be verified or validated. We also checked the Answer with Affirmative Defense filed by LBP but it was not explained therein how the petitioner HLI's data could not be validated or verified," the CA added. The CA said the P28 billion amount for just compensation was arrived at using a prescribed formula that "provides a more equitable and fair computation of just compensation as it factors in various considerations affecting the value, not only of the property at the time of taking, but also of the money which could have accrued to the aggrieved landowner's benefit." "We have also taken into consideration that in computing the land value, the amounts already received by the petitioner in the sum of P471,501,417.98 million should be properly deducted in 2013. Thus, as it shows, the amount of just compensation due to the subject property is Php28,488,944,278.71 as of 30 April 2025," the CA said. In November 2011, the Supreme Court voted 14-0 ordering the distribution of nearly 5,000 hectares of land to some 6,000 farmer beneficiaries of HLI. In a 56-page decision, the 14 magistrates "recalled and set aside" the option given to the farmer beneficiaries — some of them members of Alyansa ng mga Manggagawang Bukid sa Hacienda Luisita (Ambala) and Farm Workers Agrarian Reform Movement (FARM) — to remain as HLI stockholders. The high tribunal upheld its ruling in April 2012. The sprawling estate had been under the control of the family of former Presidents Corazon Aquino and Benigno Aquino III for around six decades before the SC ordered the total distribution of the property to farmworker beneficiaries. — VDV, GMA Integrated News
The Star
11-06-2025
- Entertainment
- The Star
Honour thy parents with memorable delicacies
DINERS looking to treat their parents to a special meal might gain a chance to win a trip for two to Chongqing, China, all expenses paid. Grand Imperial Group's Parents' Day promotion runs until June 15 and features three set menus for tables of 10 priced at RM1,488++, RM1,688++ and RM2,688++, with a range of delicacies. The RM1,688++ menu, for example, presents eight courses, beginning with a savoury four-combination appetiser platter featuring foie gras-stuffed prawn ball, crispy fried scallop with salted egg yolk, prawn salad with pineapple chunks, and stuffed fish paste with salted egg yolk and dried oyster. This is followed by a nourishing double-boiled soup made with whole abalone, fish maw, morel mushroom, and chicken. The individually-served clear broth is savoury with umami flavours, thanks to ingredients chosen for taste and texture. Four-combination appetiser platter of foie gras-stuffed prawn balls, crispy scallops with salted egg yolk, prawn salad with pineapple, and fish paste with salted egg yolk. Next is the roasted Silver Hill London Duck, prized for its rich fat content. It is served with chilled sliced chicken and crunchy jellyfish for a mix of hot and cold textures. The fourth course features steamed orange roughy, a deep-sea fish known for its delicate white flesh. The fish's flaky texture, topped with fresh clams and silky fish curd, offers a balanced bite of savoury and sweetness. This is followed by whole abalone with dried scallop and a slab of spinach-infused house-made tofu, with its silky texture and subtle flavour complementing the firm and chewy seafood delicacy. Handmade longevity noodles with black truffle and crabmeat take the stage in the sixth course, combining earthy fragrance with briny sweetness. The meal ends with two dessert servings – a bowl of double-boiled peach gum with dried fig and snow pear, followed by steamed longevity buns filled with silky lotus paste. Roasted Silver Hill London Duck with chilled sliced chicken and crunchy jellyfish. Grand Imperial Sunway Velocity Mall chef Vincent Chio said premium ingredients were sourced from New Zealand, Japan and the UK to blend traditional flavours with modern creativity. 'Many parents have never tried black truffle, so we paired it with crab meat to create something unique and memorable,' said Chio. Each booking during the campaign period is eligible for a lucky draw opportunity to win a four-day trip to Chongqing for two, worth over RM10,000. Tailored for elderly parents, the private travel package avoids large tour groups. 'Winners enjoy a more relaxed experience, visiting carefully selected sites and travelling in comfort with all arrangements made in advance,' said Grand Imperial Group business development manager Maggie Chow. The travel window is tentatively set for September or October, with the winners announced on the group's Facebook page. The Parents' Day promotion is available at seven Grand Imperial restaurants - Bangsar Shopping Centre, Hartamas Shopping Centre, Sunway Velocity Mall, Pavilion Kuala Lumpur, The Club @ Bukit Utama, Setia City Mall and Pinnacle Sunway. Grand Imperial Group is also running a promotion where customers purchasing a RM10,000 gift voucher book will receive an additional RM1,000 in dining vouchers or one bottle of Hennessy XO (70cl) worth RM1,205. Limited to 300 books nationwide, the vouchers are valid for dine-in and private banquets of under 10 tables (wedding banquets excluded), and can be used until Oct 31. GRAND IMPERIAL SUNWAY VELOCITY, 5-01, 392, Sunway Velocity Mall, Jalan Cheras, Kuala Lumpur. (Tel: 03-2771 1234). Business hours: 11.30am-3pm, 6pm-10.30pm (Monday-Saturday), 10am-3pm, 6pm-10.30pm (Sunday). Non-halal. This is the writer's personal observation and is not an endorsement by StarMetro.
