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The bureau on Saturday accused Chinese vessels of pumping cyanide into the shoal's waters. AdvertisementThe Philippines' fishing bureau has accused Chinese fishing vessels of using cyanide to destroy the Scarborough Shoal, a fish-rich atoll in the South China Sea contested by both Manila and Beijing. Cyanide fishing is a controversial fishing method that typically involves dumping the highly toxic chemical near coral reefs or in fishing grounds to stun or kill fish so they can be easily captured. Notably, the Philippines' fishing industry was known to use cyanide fishing back in the 1960s to capture live fish for aquariums and restaurants, though the practice has become less common. The Scarborough Shoal is contested by The Philippines, China, and Taiwan.
Persons: , Nazario Briguera, Brigeura, Briguera, hadn't, Jay Tarriela, Guo Shoujing, Hague Organizations: Service, Bureau of Fisheries, Aquatic Resources, The Philippine, Philippine, Scarborough, Philippine Star, ROSA, GMA, Philippine Coast Guard, Conservation, Education Foundation, Global Times, The, TED, Getty, Google, Fisheries, Business Locations: Philippines, China, Scarborough, South, Manila, Beijing, Masinloc, Spanish, Scarborough Shoal, AFP, Bajo de, Cebu, South China, Taiwan, The Philippines, Quezon City, Philippine
MANILA (Reuters) - Philippines President Ferdinand Marcos Jr said the country's constitution needs to be amended because it was "not written for the globalised world". Marcos, in an interview with GMA News TV aired on Tuesday, said the economic provisions of the 1987 constitution, which was introduced a year after the overthrow of his father and namesake after two decades in power, must be changed to attract more foreign investors.
Persons: Ferdinand Marcos Jr, Marcos Organizations: GMA News Locations: MANILA, Philippines
Magnitude 6.3 earthquake strikes northern Philippines
  + stars: | 2023-06-15 | by ( ) www.reuters.com   time to read: +1 min
MANILA, June 15 (Reuters) - An earthquake of magnitude 6.3 struck the Philippines' main island on Thursday, authorities said, halting some railway operations in the capital Manila. No casualties or major damage were reported after the quake, which struck out at sea at a depth of 10 kilometres (6.21 miles) and was felt in nearby provinces, the Philippine seismology agency said. Operations of the three elevated railway lines in Manila were stopped due to the earthquake, the transport ministry said. The seismology agency initially recorded a magnitude 6.2 earthquake, but later revised it to 6.3. Reporting by Jahnavi Nidumolu in Bengaluru, Enrico Dela Cruz and Neil Jerome Morales in Manila; Editing by Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.
Persons: Bernardo Rafaelito Alejandro, Ferdinand Marcos Jr, Peter Oliver Palacio, Jahnavi, Enrico Dela Cruz, Neil Jerome Morales, Kanupriya Kapoor Organizations: Railways, GMA, Thomson Locations: MANILA, Philippines, Manila, Philippine, Calatagan, Bengaluru
Adobe’s $20 bln deal uses ample creative license
  + stars: | 2022-09-15 | by ( Jeffrey Goldfarb | ) www.reuters.com   time to read: +3 min
The design technology titan is acquiring startup Figma for $20 billion, using roughly half cash and half shares, in a deal that will significantly beef up its online collaboration capabilities. Even if it doubled again in 2023, it would represent just 4% of the $20 billion that analysts expect Adobe to generate, according to Refinitiv. Register now for FREE unlimited access to Reuters.com RegisterThis math suggests Narayen has used too much creative license. And yet even then Adobe saw fit to double up on the $10 billion Figma valuation from June 2021, per PitchBook, and shell out an eye-popping multiple of sales. CONTEXT NEWSAdobe said on Sept. 15 it had agreed to buy digital design rival Figma for about $20 billion, paying about half in cash and half in shares.
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