Filsyn wiped out its P1.86 billion deficit (as of Dec. 31, 2021) by way of an equity restructuring that was approved by the SEC.
] wiped out its P1.86 billion deficit by way of an equity restructuring that was approved by the . The restructuring will take P1.86 billion in additional paid-in capital and use that to eliminate the company’s accumulated deficit of P1.86 billion. The company will be left with P335 million in additional paid-in capital that, according to the disclosure, “cannot be applied for future losses that may be incurred by Filsyn without prior approval of the SEC .
The Cebu City government has assured that declogging and desilting efforts to battle flooding in the city has been ongoing... Cebu City is now 98% ready to host the Palarong Pambansa, said acting Cebu City Mayor Raymond Alvin Garcia after being satisfied with billeting quarters preparations.
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