ABS-CBN vows to continue paying debts during shutdown
Media giant ABS-CBN Corp. promised to continue paying debts to banks even as the Duterte administration dealt a blow to its main business, broadcasting, threatening to wipe out thousands of…
Dominguez sees P1 trillion deficit as expenses for COVID-19 pile up
As spending for COVID-19 response pile up while revenue collection slows down during the pandemic, Finance Secretary Carlos G. Dominguez III on Wednesday (May 6) said that 2020’s budget deficit…
Asia stocks higher after Wall Street gains on recovery hopes
A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, May 6, 2020. Asian stock markets were mixed…
GMA7 shares up 24% after ABSCBN’s shutdown
Shares of broadcasting giant GMA Network Inc. surged by 23.69 percent at the local stock market on Wednesday on expectations that its share of local advertising revenues will balloon while…
MPIC sees lower quarterly profits for the first time in its history
Manuel V. Pangilinan For the first time in its corporate history, businessman Manuel V. Pangilinan-led infrastructure holding firm Metro Pacific Investments Corp. saw a year-on-year decline in quarterly profit as…
SEC tracks 5 new investment scammers
Securities and Exchange Commission (SEC) logo The Securities and Exchange Commission (SEC) has exposed a new set of entities enticing people to put hard-earned money into illegal investment schemes with…
Significant decline in Sri Lanka tea exports after many decades
The Island/Asia News Network COLOMBO — Sri Lanka’s tea production, in March, and the first quarter, has declined to the lowest level, in many decades, a Tea Exporters’ Association report…
PSE suspends trading on ABSCBN
The Philippine Stock Exchange (PSE) suspended trading of common shares and depositary receipts of ABSCBN Corp. on Wednesday as the broadcasting giant went off the air following a shutdown order…
Notice of Annual Stockholders’ Meeting
Notice is hereby given that the annual meeting of stockholders of the Philippine Savings Bank (PSBank) will be held on May 27, 2020, Wednesday, at 3:00 P.M. In light of…
POGO service providers’ group says members fully tax compliant
MANILA, Philippines — The country’s largest organization of online gaming service providers on Tuesday sought to quell criticism that it owes the government taxes, saying its member firms pay all…