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Stocks are now valued at P6.65 apiece.
GMA Network Inc.’s stocks jumped by 10.28 percent on Monday, July 13, the first trading day since ABS-CBN’s application for franchise renewal was rejected by the House committees on legislative franchises on Friday, July 10.Meanwhile, trading of ABS-CBN stocks were suspended earlier ...
 
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Dine-in customers in restaurants are next.
Barbershops and salons in areas under general community quarantine (GCQ) will be able to accommodate up to 50 percent of their maximum customer capacity from the current 30 percent starting July 16, according to the Department of Trade and Industry (DTI). For ...
 
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The brand is restructuring its business in the U.S.
Japanese retailer MUJI has filed for bankruptcy in the U.S. Known for their functional and no-nonsense home, stationery, and fashion items, the well-known Japanese brand has announced that they will be restructuring their business amid the pandemic. MUJI USA has made the ...
 
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Supporting the underrated frontliners.
With the streets not yet clear of COVID-19, frontliners are still in danger of catching the coronavirus months into quarantine. Emergency responders, quarantine center personnel, garbage collectors, and street sweepers—these are just some of the underrated and at-risk frontliners who brave going ...
 
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It’s a double whammy for REIT investors.
It’s a good day if you’re an investor looking to get into real estate investment trust (REIT). On Friday, July 10, the Securities and Exchange Commission (SEC) announced that it has cleared the initial public offering (IPO) of an REIT sponsored by Ayala ...
 
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The listing of APVI shares was strongly welcomed by the market.
Altus Property Ventures, Inc (PSE: APVI) became the second newly listed company in the Philippine Stock Exchange by way of introduction.Listing by introduction is one of the means by which a company can list its existing shares in the stock market without raising ...
 
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The fate of ABS-CBN will be decided this week.
Makati Business Club (MBC), one of the leading business groups in the country, has reiterated its support for ABS-CBN’s franchise renewal, calling on lawmakers to allow the network’s franchise to continue as this week marks the do-or-die hearing for the ABS-CBN network.The ...
 
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His second career choice? An interviewer and journalist.
Along with his brother Fernando, Jaime Augusto Zobel de Ayala has become the face of Ayala Corp. It’s hard to imagine the esteemed businessman as anything else but the head of one of the country’s oldest and biggest corporations.In an interview with ...
 
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Donates 34,000 test kits and RT-PCR machines to vulnerable communities and LGUs.
San Miguel Corporation’s president and COO Ramon S. Ang posted on Facebook  that the company has opened Better World Edsa, a facility that houses the company’s own state-of-the-art COVID-19 RT-PCR testing laboratory for its 70,000 employees. Ang said it’s a way to ...
 
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The telco is eyeing a P34.8 billion debut.
Pampanga-based telecommunications company Converge ICT is eyeing a $700 million (P34.8 billion) initial public offering, according to a Bloomberg report.Converge has reportedly picked out banks for its blockbuster IPO that could be the biggest stock market debut in the Philippine Stock Exchange’s ...
 
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Ramon Ang's firm will be providing three meals a day for the stranded Filipinos.
San Miguel Corporation (SMC) now turns its focus to extending help to maritime workers who have been stranded and currently camping out at the Manila North Harbor as they await clearance of returning to their provinces.The firm will be providing free meals ...
 
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A rookie in the supermarket scene, MerryMart credits its newfound success to its flexible nature as the underdog.
Pandemic or not, DoubleDragon chief Edgar “Injap” Sia III is having one good year. Sia’s latest brainchild, MerryMart, took off with flying colors when it made its stock exchange debut and bumped up its opening share price by 50 percent. Within two weeks, ...
 
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But the retailer says it is seeing healthy growth in the sales of its brick-and-mortar stores since reopening.
The SSI Group posted a decrease in net income for the first quarter of 2020, largely because of the impact of the coronavirus pandemic. In a disclosure to the Philippine Stock Exchange, the specialty retailer posted a net income of P110 million, a ...
 
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POGOs will need to pay their taxes whether they stay or go.
The mass exodus of Philippine offshore gaming operators (POGOs) has begun as more and more POGOs are filing to cancel their licenses and exit the country. The Philippine Amusement and Gaming Corporation (PAGCOR) announced that the online casino industry is now looking ...
 
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Binance Charity has raised $4 million in donations worldwide.
Cryptocurrency watchers will know that Binance is currently the largest crypto exchange in the world. Forbes estimates its trading volume reaches $11 billion daily. Top Story: 8 Filipino Actors Who Married into High SocietyFounded in China but now based in Tokyo, Japan, Binance is essentially ...
 
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Some of the companies are boycotting all social media platforms, including Twitter.
The world’s biggest social media platform is facing a reckoning as more and more big-ticket companies have announced ad boycotts because of Facebook's hands-off policies on misinformation and hate speech. Also read: 8 Filipino Actors Who Married into High SocietyFacebook has refused to police ...
 
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'I want to clear my name.'
Lawyer Mark Tolentino, the Filipino tagged in the multinational billion-dollar Wirecard scandal, claims he has been framed.“I am a victim of identity theft and fake news and frame up,” said Tolentino to Reuters.Also read: Who is Mark Tolentino?According to Tolentino, he was surprised ...
 
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The exodus of POGOs has begun.
It might be the end of Philippine offshore gaming operators (POGOs) as we know it. According to the Philippine Amusement and Gaming Corporation (PAGCOR), two POGOs have already left the country and more will follow them out of the Philippines.Top story: 8 Filipino ...
 
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It’s been a rough few months for all of us, but some more than others.
Suck at money? Congrats. You’re part of the 99 percent of people in their 20s floundering when it comes to finance. Adulting is hard, and money is harder—especially when it’s your own and not your parents. My Two Cents is here to break down ...
 
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More than 90,000 workers have been affected.
The latest update from the Department of Labor and Employment revealed that more than 3,000 companies in the Philippines have now permanently closed or retrenched its workforce as of June 25. This is 1,000 more than DOLE’s last numbers, which stated that ...
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