P15.5 billion calamity fund ready for El Niño
by The Philippine Star
The Philippine Star— Government agencies can still tap over P15 billion in disaster funds to mitigate the impacts of El Niño, the Department of Budget and Management (DBM) said yesterday.
Rappler—South Cotabato in state of calamity as El Niño destroys P200M in crops and livestock. South Cotabato is the second of the four provinces in the Soccsksargen to be placed under a state of calamity
ETtech.com—FTX files amended reorganization plan, expects $14.5 billion-$16.3 billion for distribution. Crypto exchange FTX will have between $14.5 billion to $16.3 billion to pay its creditors and customers, according to an amended reorganization plan filed by the company on Tuesday in a U.S. bankruptcy court. FTX said it has anticipated the figure based on monetizing assets, most of which were investments owned by Alameda Research, a crypto-focused hedge fund controlled Sam Bankman-Fried, FTX Ventures businesses, and litigation claims. The amount for distribution includes assets under the...
ETtech.com—Go Desi funding: Ice popsicles maker Go Desi raises $5 million in funding led by Aavishkaar Capital. Bengaluru-based packaged foods startup Go Desi on Thursday said it has raised Rs 41 crore (about $4.9 million) in equity investment from Aavishkaar Capital.This marks the seventh investment from the Aavishkaar India Fund VI, a $150-million vehicle investing across impact sectors such as financial inclusion, sustainable agriculture, climate, consumer and healthcare in India.The Series B round also saw participation from existing investors Rukam Capital, Roots Ventures and DSG Consumer, as per a...