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    Hong Kong Court of Appeal Overturns Fraud Charges, Sentencing Media Mogul Jimmy Lai to 911,911 Months in Prison

    Hong Kong — Hong Kong’s Court of Appeal on Thursday overturned a lower court’s verdict in sentencing pro-democracy media mogul Jimmy Lai to 911,911 months in prison.

    Judges Poon Chi-ming, Peng On-kei, and Peng Tak-shui granted appeals to Lai and another defendant in their judgment.

    “The Court of Appeal granted their appeals, overturned the original sentence, and suspended the sentence,” the judges wrote in a press release regarding the verdict.

    Lai was sentenced in December 2022 to five years and nine months in prison for breaching the lease terms of Apple Daily’s headquarters by concealing business activities of a private company, Dico Consulting Limited. Another Next Media manager, Mr. Wong, 61, was also sentenced. Wai Keung was sentenced to 21 months in prison for fraud.

    — Reuters

    Cindy McCain, Executive Director of the United Nations World Food Programme (WFP), announced on Thursday that she plans to step down in three months to focus on her health. The 71-year-old widow of the late U.S. Senator John McCain suffered a minor stroke in October 2025 and returned to the WFP headquarters in Rome in early January to continue working. “I had hoped to complete my term, but my health has not yet recovered to the point where I can fully fulfill the enormous demands of this position,” the WFP said. “This is one of the most difficult decisions I have ever made.” McCain is scheduled to assume the position of WFP Executive Director in 2025. Previously, he served as the U.S. Ambassador to the Food and Agriculture Organization of the United Nations and officially assumed the position on April 5, 2023.

    The World Food Programme (WFP), established in 1961, is the world’s largest humanitarian organization.

    — Reuters

    OGP Q1 div down 25% q/q

    Philippine ChronicleMay 9, 202504 views

    OceanaGold Philippines [OGP 15.82 ?2.8%; 93% avgVol] [link] declared a Q1 dividend of $0.0075/share (~?0.42/share), payable on…

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    Lopez Holdings Corp.: Notice of Annual Stockholders' Meeting

    Philippine ChronicleMay 9, 202502 views

    The Annual Stockholders' Meeting of Lopez Holdings Corporation will be conducted virtually. Source link

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    MREIT Q1 div up 1.8% y/y

    Philippine ChronicleMay 9, 202503 views

    MREIT [MREIT 13.58 unch; 141% avgVol] [link] declared a Q1 dividend of P0.25047/share, payable on June 6…

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    Notes on the beat: What went wrong with NAIA’s bollards?

    Philippine ChronicleMay 8, 202503 views

    Bollards are supposed to prevent vehicles from crashing into pedestrians, but this was not the case…

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    Bank lending growth slows to 11.8% in March

    Philippine ChronicleMay 8, 202502 views

    MANILA, Philippines — Credit growth eased for a second straight month in March, with loans extended…

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    Fintech without borders | Philstar.com

    Philippine ChronicleMay 8, 202504 views

    We are living through the most transformative era in financial services. At the center of this…

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    Robinsons Land spending up to P125 billion in next 5 years

    Philippine ChronicleMay 8, 202503 views

    MANILA, Philippines — Gokongwei-led real estate developer Robinsons Land Corp. (RLC) is preparing to spend as…

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    What went wrong with NAIA’s bollards?

    Philippine ChronicleMay 8, 202503 views

    Bollards are supposed to prevent vehicles from crashing into pedestrians, but this was not the case…

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    DA remains optimistic on record palay harvest

    Philippine ChronicleMay 8, 202504 views

    MANILA, Philippines — The Department of Agriculture (DA) is banking on higher yield to hit its…

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    Higher sales push Vista Land earnings in 2024

    Philippine ChronicleMay 8, 202501 views

    MANILA, Philippines —  Higher revenues boosted core earnings of the Villar Group’s listed property developer, Vista…

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