Birkenstock aims for $8.6B IPO valuation

NEW YORK CITY: German sandals maker Birkenstock will launch on the New York Stock Exchange on Wednesday in an initial public offering (IPO) that values the company at $8.6 billion, according to multiple media reports. Shares in the company, which was in the hands of the founding family until 2021, …

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Diokno calls for financing model reforms

IMPROVING climate finance with fairer terms is essential for climate justice, said Finance Secretary Benjamin Diokno, prompting multilateral development banks (MDBs) to provide better financing options for global challenges. “Now, as rising interest rates and increasing costs of international borrowing are likely to further restrict government budgets and curtail priority …

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Gilas Pilipinas gets well-deserved break after Asiad

(UPDATE) MEMBERS of the victorious Gilas Pilipinas from the Asian Games men’s basketball are assured of at least a 10-day break from their respective PBA mother squads. Gilas team manager Alfrancis Chua gave that assurance to players, so as to give them enough time to rest following their Asian Games …

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Not a curse

The continuing discord primarily revolves around the land of historic Palestine, to which both Israelis and Palestinians have deep historical and religious connections. The flare-up of the Israel-Palestinian conflict provides a reminder to the world about the absolute value of bringing all disagreements to the negotiating table. It doesn’t matter …

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Filipina feared dead in Gaza

Embassy also pushes voluntary Pinoy repatriation from Israel A Filipino woman who was among those previously reported missing in Israel is feared dead after supposedly being caught in the clashes between government forces and Hamas militants, an official of the Philippine Embassy in Tel Aviv said Tuesday. THE embassy has …

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As DOTr sorts bribery mess, Leynes to head LTFRB

Transportation Secretary Jaime Bautista appointed a temporary head of the Land Transportation Franchising and Regulatory Board (LTFRB) as the agency addresses allegations of corruption and other irregularities. Bautista said Mercy Paras Leynes will serve as officer-in-charge chairperson of the LTFRB until Oct. 9, 2024. Leynes, a lawyer by profession and …

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