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US court moves to support Elliott affiliate’s bid for Citgo parent

HOUSTON (Reuters) -A U.S. judge allowed an affiliate of hedge fund Elliott Investment Management on Thursday to move towards completing its offer for Venezuela-owned Citgo Petroleum’s parent through a court-ordered auction of shares, while restricting rival bidder Gold Reserve from doing the same. Delaware Judge Leonard Stark instructed a court officer overseeing the auction of shares to terminate a stock purchase agreement (SPA) with a Gold Reserve subsidiary and sign a new one with Elliott’s affiliate Amber Energy, Gold Reserve said in a release.

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Government offices now required to go ‘green’

MANILA, Philippines — The government is making bolder moves to cut power costs and embrace green technology, as all agencies are now mandated to use energy-efficient products and deploy solar rooftop systems. The directive that requires government offices nationwide to comply with the minimum energy performance standards (MEPS) was approved through a resolution of the

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BIR simplifies business registration requirements

MANILA, Philippines — The Bureau of Internal Revenue (BIR) is streamlining the documentary requirements for business registration. This is intended to cut red tape and spare applicants from delays or outright rejection. Revenue Memorandum Circular 74-2025 issued on July 18 updated the checklist to align with the implementing rules and regulations of Republic Act