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The company is currently almost $1 billion in debt.
NPC International Inc. has filed for bankruptcy, affecting the thousands of food establishments under its umbrella. NPC is the largest franchisee of Pizza Hut in the U.S., and the recent development will affect its 1,227 Pizza Hut stores in America.NPC also franchises ...
 
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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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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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That's around P288 billion.
How much money has the Philippines borrowed to respond to COVID-19? That’s the question on everyone’s mind. According to the Department of Finance, the Philippines has borrowed $5.758 billion or around P288 billion.Also read: The Richest Families in CebuThis amount is as of ...
 
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The Philippines ranks with countries with 'no guarantee of workers rights.'
Being in the “top” anything isn’t always a good thing, especially when you’re being recognized for less than stellar working conditions.In this year’s Global Rights Index by the International Trade Union Confederation (ITUC), the Philippines was given the (dis)honor of being named ...
 
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But the Philippines is still expected to rebound strongly in 2021.
Every nation has been hit by the COVID-19 pandemic, but depending on how a nation has dealt with its outbreak, some countries are faring better than others in the aftermath. Unfortunately, the Philippines is not considered among those ranks.According to the World ...
 
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The pandemic is forcing us to make hard decisions.
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 ...
 
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The latest loan is aimed toward funding the Pantawid Pamilyang Pilipino Program.
The Asian Development Bank (ADB) is coming to the Philippines’ aid once more, approving an additional loan worth $500 million or P25.03 billion. The Philippines now owes ADB a total of $2.6 billion (P130.16 billion) in loans in 2020, in addition to ...
 
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Thousands have been left unemployed in the aftermath.
Local businesses, from mom-and-pop stores to ferry services, are closing left and right as a result of the COVID-19 pandemic. With quarantine still in effect, some companies have gone months without business. Restaurants, hotels, and even strip clubs have felt the impact ...
 
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CIMB Bank Philippines was launched just two years ago.
U.K.-based International Finance magazine has named CIMB Bank Philippines the ‘Best New Digital Bank in the Philippines’ in 2020.TOP STORY: Filipino Graduates from Harvard Law: 'It Was So Beyond My Reach That I Thought It Was Fictional'CIMB is an Malaysian bank with ...
 
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And you wonder why millennials prefer puppies.
Babies are expensive, so it’s no surprise millennials and Gen-Zers are holding out and opting to adopt puppies instead of having kids. Now we’ve got the numbers to prove it.TOP STORY: Pepsi Paloma's Life in Photos - Pictures of Pepsi PalomaAccording to Picodi.com, ...
 
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Eight of the country’s leading business groups are calling on the government to 'serve as role models in discipline and moral ascendancy.'
Eight of the country’s leading business groups are calling on the government to “serve as role models in discipline and moral ascendancy” as the media reports government officials violating protocol unpunished while thousands of citizen violators are forced to stay in overcrowded ...
 
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Sonny Dominguez bared a four-point battle plan on how to restart the economy.
During the presidential address to the nation on May 12, finance secretary Sonny Dominguez bared a four-point battle plan on how to restart the economy amid the COVID-19 pandemic. He started by giving an overview of the country’s economic fundamentals.“The Economist ranks ...
 
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It’s a Band-Aid solution for a struggling economy, but will it last?
Philippine offshore gaming operators, otherwise known as Chinese POGOs or just POGOs, have managed to cement a multi-billion-peso industry within a matter of years, but not without drawing the ire and condemnation of an increasingly critical public. While POGOs have contributed billions ...
 
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This is the first time the real GDP growth has fallen into negative territory since 1998.
The Philippines gross domestic growth experienced negative growth in the first quarter (Q1) of 2020 due to the impact of the COVID-19 pandemic. Q1 GDP contracted by 0.2 percent, the lowest quarterly growth in more than 20 years.According to Acting Secretary of ...
 
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GCash Insurance premiums range from P39 to P440.
In the time of coronavirus, insurance has never been more important. Healthcare has a price, which is why more Filipino families need life and health insurance. Unfortunately, many insurance policies simply aren’t within reach for a vast majority of the people. Health ...
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