GMA shares jump 10% as ABS-CBN denied of franchise
MANILA, Philippines – With its biggest rival denied of franchise renewal , shares of media giant GMA Network jumped over 10% on Monday, July 13. Shares of GMA even soared by over 40% intraday, hitting a More...
Ex-Wirecard COO Jan Marsalek may be in Philippines
The DOJ finds ‘something curious’ in immigration records. The NBI and AMLC are investigating other individuals possibly involved in one of the largest fraud cases in recent history. Published More...
I’m a victim of a frame-up, identity theft
MANILA, Philippines – The Filipino lawyer identified as a trustee of scandal-hit payments firm Wirecard claimed that he is a victim of a frame-up and identity theft, adding that he had no knowledge of any scheme More...
Inflation slows to 2.1% in May 2020
Lower transportation costs and food prices cause the downtrend in the Philippines’ inflation rate Published 9:07 AM, June 05, 2020 Updated 9:07 AM, June 05, More...
Philippine investments down 71% in January-April 2020 due to coronavirus
PANDEMIC. A coronavirus testing facility in San Juan Elementary School. Photo by KD Madrilejos/Rappler MANILA, Philippines– The Philippine Board of Investments (BOI) reported a 71% slowdown in cumulative investments More...
SM profits down 5% in Q1 2020 as it waives mall rent over virus
SM Prime maintains its 2020 capex at P80 billion despite the coronavirus crisis Published 6:40 PM, May 15, 2020 Updated 6:40 PM, May 15, 2020 More...
Philippine economy shrinks for first time in 22 years
MANUFACTURING. Workers make personal protective equipment for distribution to frontliners, at a factory in Taytay, Rizal, on April 24, 2020. Photo by Ted Aljibe/AFP MANILA, Philippines – Lockdowns, crippled More...
Businesses urge gov’t: Bring back ABS-CBN
The Management Association of the Philippines says the closure of ABS-CBN marks ‘a sad day for media freedom’ Published 10:40 PM, May 05, 2020 Updated More...
Duterte temporarily hikes oil tariffs for coronavirus response
The Philippines hikes oil duties by 10% as prices fall in the international market Published 6:55 PM, May 04, 2020 Updated 6:55 PM, May 04, 2020 More...
Poor have ‘better immunity’ vs coronavirus – Duterte adviser
POVERTY. Informal settlers in Quezon City receive relief goods. Photo by Darren Langit/Rappler MANILA, Philippines – One of President Rodrigo Duterte’s advisers proposed the resumption of construction work More...