GOTHENBURG, Sweden, July 23, 2024 /PRNewswire/ -- Niclas Rosenlew, Senior Vice President and CFO of SKF Group has decided to leave the company and will continue his career outside SKF. Niclas will remain in his current position at SKF until January 2025. "On behalf of SKF I would like to thank Niclas for his valuable contribution, and I wish him all the best in the future," says Rickard Gustafson, President and CEO. A recruitment process to identify a successor has been initiated. Aktiebolaget SKF(publ)Get the latest newsdelivered to your inbox Sign up for The Manila Times newsletters By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service and Privacy PolicyCONTACT:For further information, please contact:AdvertisementPRESS: Carl Bjernstam, Head of Media Relationstel: 46 31-337 2517; mobile: 46 722-201 893; e-mail: [email protected]INVESTOR RELATIONS: Sophie Arnius, Head of Investor Relationstel: 46 31-337 8072; mobile: 46 705-908 072; [email protected]AdvertisementThis information was brought to you by Cision http://news.cision.comhttps://news.cision.com/skf/r/skf-announces-changes-to-group-management,c4017935The following files are available for download:https://mb.cision.com/Main/637/4017935/2924711.pdf Advertisement 20240723 SKF announces changes to Group Management https://news.cision.com/skf/i/gotahom-4jpg-png-highpreview-1278,c3321340 Götahom 4jpg png highpreview 1278Advertisement

A Hong Kong police officer has died after falling out of a songthaew during his holiday to Pattaya on Monday. According to local reports, the 48-year-old man Lam Chi-fai, was found injured in the middle of the road after he was thrown off a songthaew - also known as a tuk tuk - at around 8 am yesterday. The report noted that local police have since located the driver of the songthaew, who said he was unaware of the accident. Police also confirmed that the man was a serving officer. It is understood that the deceased was a police sergeant stationed in the Cheung Sha Wan district.

MANILA, Philippines — Gutter-deep floods hit some roads in Metro Manila amid persistent rains since Tuesday morning, the Metropolitan Manila Development Authority (MMDA) said. The typhoon was last located 320 kilometers east of Basco, Batanes. Pagasa raised Tropical Cyclone Wind Signal (TCWS) No. 2 over Batanes towns Itbayat, Basco, Mahateo, Uyagan, and Ivana while TCWS No. Your subscription has been successful.

HONG KONGJuly 23, 2024/PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that it has achieved a high yield well in Beibu Gulf, which produces daily over 1,000 cubic meters of oil equivalent. Wushi 16-5 structure is located in Wushi Sag, Beibu Gulf, with an average water depth of approximately 25 meters. The appraisal well WS16-5-4 was drilled and completed at a depth of 4,185 meters, encountering a total of 65 meters oil pay zones. The well was tested to produce over 1,000 cubic meters of oil equivalent per day, the first well of such productivity in Wushi Sag. The successful well proves the promising exploration potential in the mature area of Wushi Sag, which will guide our rolling exploration activities in offshore China."

MANILA, Philippines — Several flights were canceled on Tuesday due to hazardous weather conditions brought by Typhoon Carina (international name: Gaemi), the Manila International Airport Authority advised. Below is the list of canceled flights as of 11:15 a.m. on July 23:ADVERTISEMENTShenzhen Airlines (ZH)ZH 9011/9012 Manila-Shenzhen-ManilaPAL Express (2P)2P 2932/2933 Manila-Basco-Manila2P 2014/2015 Manila-Tuguegarao-Manila2P 2961/2962 Manila-Busuanga-ManilaCebu Pacific (5J)5J 504/505 Manila-Tuguegarao-Manila5J 506/507 Manila-Tuguegarao-Manila5J 1544/1545 Manila-Laoag-ManilaCebGo (DG)DG 6031/6032 Manila-San Jose-ManilaDG 6113/6114 Manila-Naga-ManilaDG 6055/6056 Manila-Busuanga-ManilaDG 6047/6048 Manila-Busuanga-ManilaDG 6051/6052 Manila-Busuanga-ManilaDG 6117/6118 Manila-Naga-ManilaAirSwift (T6)T6 714/715 Manila-Romblon-ManilaTyphoon Carina (international name: Gaemi) was last spotted some 380 kilometers east northeast of Tuguegarao City, Cagayan, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) reported in its 5:00 a.m. bulletin. The state weather bureau said Carina maintained its strength and may make landfall over the northern portion of Taiwan between Wednesday evening and Thursday morning. ADVERTISEMENTPagasa warned that Cagayan Valley and Aurora may have cloudy skies with scattered rains and thunderstorms due to Carina. Meanwhile, the Bicol region, Negros Island Region, Zamboanga Peninsula, Quezon, Northern Samar, Basilan, Sulu, Tawi-Tawi, the rest of Mimaropa (Mindoro, Marinduque, Romblon, Palawan)band parts of Western Visayas may also experience overcast skies with scattered rains and thunderstorms due to the southwest monsoon, or “habagat.”The rest of the country, on the other hand, may expect slightly cloudy to cloudy skies with isolated rain showers or thunderstorms also due to “habagat.”

P20/kilo rice still possible – DA chiefRice prices range from P42 to P70 per kilo at a public market in Manila. “We are trying our best to figure out and think of ways (to achieve the P20 per kilo of rice). Based on the monitoring of the DA in Metro Manila markets, the retail price of local regular milled rice was still sold at prices as high as P50 per kilo; local well-milled rice, P55 per kilo; local premium rice, P58 per kilo and local special rice, P65 per kilo. Imported regular milled rice was still sold for as high as P49 per kilo; imported well-milled rice, P55 per kilo; imported premium rice, P60 per kilo and imported special rice, P65 per kilo. The high imported rice prevails despite the implementation of Executive Order (EO) 62 on reduced tariff on imported rice.

Marcos touts ‘bloodless’ drug war, no ‘extermination’MANILA, Philippines — President Marcos yesterday trumpeted the gains of his crackdown on illegal drugs, saying billions of pesos worth of narcotics have been seized and thousands of offenders have been arrested without resorting to “extermination,” in an apparent effort to contrast his style with that of his predecessor and critic Rodrigo Duterte. Marcos was referring to the eight Es that make up the endgame in the Duterte administration’s drug war – engineering the structure, education, extraction of information, enforcement, enactment of laws, environment, economics and evaluation. Duterte waged a brutal war against illegal drugs when he was president, a campaign that human rights advocates said had encouraged extrajudicial killing and other abusive practices. ‘Not bloodless’The Marcos administration’s campaign against illegal drugs is not “bloodless” as claimed by Marcos during his SONA, Human Rights Watch said. “And by claiming several successes such as the alleged reduction in the number of villages affected by illegal drugs, we expect the ‘drug war’ violence to continue, probably even worsen,” he added.

Sara skips SONA even on TV; Bato, Go no-showPhotos courtesy of the Office of the Vice PresidentMANILA, Philippines — After earlier declaring that she would skip President Marcos’ third State of the Nation Address, Vice President Sara Duterte said she would not even watch the live SONA broadcast yesterday as she had to pay respects to the late Bohol vice governor Dionisio Victor Balite. “The Vice President will not watch the SONA on TV or gadgets. “It is also Bohol Day today, which makes it an opportune time for the Vice President to bring a message of hope,” it added. Former president Rodrigo Duterte, Davao City 1st District Rep. Paolo Duterte and Davao City Mayor Sebastian Duterte also did not attend the SONA. Senators Ronald dela Rosa and Bong Go, allies of the former president, did not attend the SONA.

Presidential Communications Office website down during SONAPresident Ferdinand Marcos Jr. delivers his third State of the Nation Address at Batasang Pambansa before a joint session of Congress on Monday, July 22, 2024. MANILA, Philippines — The website of the Presidential Communications Office went offline on Monday as the State of the Nation Address was ongoing. Philstar.com screenshot Screenshot of pco.gov.ph as of 6 p.m. on Monday, July 22, 2024. Our national cybersecurity plan lays down the plan to safeguard our systems against cyberattacks," Marcos said. The PCO website usually releases official photos of the SONA during and after it is delivered.

SHANGHAI, July 22, 2024 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd (Nasdaq: NISN) ("Nisun" or the "Company"), a provider of innovative comprehensive solutions through an integration of technology, industry and finance, announced today that it has received notification from The Nasdaq Stock Market LLC confirming the Company has regained compliance with the periodic filing requirement for The Nasdaq Stock Market under Listing Rule 5250(c)(1). About Nisun International Enterprise Development Group Co., LtdNisun International Enterprise Development Group Co., Ltd (NASDAQ: NISN) is a technology-driven, integrated supply chain solutions provider focused on transforming the corporate finance industry. Leveraging its rich industry experience, Nisun is dedicated to providing professional supply chain solutions to Chinese and foreign enterprises and financial institutions. Nisun has built a linked platform that incorporates supply chain, banking, securities, trust, insurance, funds, state-owned enterprises, among other businesses. Focusing on industry-finance linkages, Nisun aims to serve the upstream and downstream of the industrial supply chain while also assisting with supply-side sub-sector reform.

Secretary Blinken, U.S. Secretary of Defense Lloyd J. Austin III, and National Security Advisor Jake Sullivan meet with Philippine Secretary of Foreign Affairs Enrique Manalo, Philippine Secretary of National Defense Gilberto Teodoro, and Philippine National Security Advisor Eduardo M. Año at the Department of State in Washington. (Reuters)The Philippines is looking to forge reciprocal troops access agreements with Canada, France, New Zealand, and other countries, the defence minister said on Monday. Defence Secretary Gilberto Teodoro told ANC news channel he hoped the agreements could be signed next year. The agreements would allow greater interoperability, as armed forces of these countries can operate within the Philippine territory and vice-versa, Teodoro said. Canada, France, and New Zealand have expressed support for the Philippines' claims within its 200-nautical mile exclusive economic zone.

Supercut: Condensed, 15-minute version of SONA 2024President Ferdinand Marcos' third State of the Nation Address on Monday, July 22 lasted about an hour and a half. This version is an edit combining the most interesting and important parts of the speech, considered his administration's report to the joint session of Congress and to the nation. For the full transcript of the speech, as delivered, you may view the full text. — Video by EC Toledo

An aerial view shows the BRP Sierra Madre on the contested Second Thomas Shoal, locally known as Ayungin, in the South China Sea. (Reuters)The Philippines will keep asserting its rights in the South China Sea after it reached a "provisional arrangement" with China about its resupply missions to the contested Second Thomas Shoal, the foreign ministry said on Monday. While neither the Chinese foreign ministry nor the Philippines' Department of Foreign Affairs (DFA) provided details of the arrangement, Manila said it "will not prejudice our respective national positions". The Chinese foreign ministry confirmed the "temporary arrangement" with the two sides agreeing to jointly manage maritime differences and de-escalate the situation. China claims nearly all of the South China Sea, including the Second Thomas Shoal, where the Philippines maintains a rusty naval ship, the Sierra Madre, that it deliberately grounded in 1999 to reinforce its maritime claims.

SHANGHAI, July 22, 2024 /PRNewswire/ -- Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, "Yum China" or the "Company") today announced that it will report its unaudited financial results for the second quarter ending June 30, 2024, after the U.S. market closes on Monday, August 5, 2024, U.S. Eastern Time (Tuesday, August 6, 2024, Beijing/Hong Kong Time). Yum China's management will hold an earnings conference call at 8:00 p.m. U.S. Eastern Time on Monday, August 5, 2024 (8:00 a.m. Beijing/Hong Kong Time on Tuesday, August 6, 2024). In addition, Yum China has also partnered with Lavazza to develop the Lavazza coffee concept in China. Yum China has a world-class, digitalized supply chain which includes an extensive network of logistics centers nationwide and an in-house supply chain management system. Yum China is a Fortune 500 company with the vision to be the world's most innovative pioneer in the restaurant industry.

Paradise about to be lostI haven’t been to Boracay in over 10 years. Boracay has been over commercialized, making it a poor choice particularly for foreign visitors looking to have a restful vacation. I have been to a lot of foreign beach resorts and while some may have some hawkers too, it’s not in the number that we have in Boracay. Then again, maybe it doesn’t matter because Boracay is already losing its foreign visitors. Otherwise, that new airport may be too big as visitor numbers drop and Boracay becomes Paradise Lost.