Philippine Seven Corp. the listed licensor of 7-Eleven convenience stores has allotted P711 million as a loan to its franchisees to prevent the closure of stores due to mounting losses from the pandemic. The loans… Read More »7-Eleven offers loan to franchisees
The holding firm of business tycoon Lucio Tan LT Group Inc. said it is “guarded” in its outlook for the rest of 2020, even as it showed confidence that its strong performance last year will… Read More »LT Group VS Coronaconomy
National Telecommunications Commission (NTC) committed to the House of Representatives that it would order ABS-CBN Digital TV to stop airing programs through digital television receivers or TV Plus. During the continuance of the hearing on… Read More »ABS-CBN Digital TV to stop airing
Developer Arthaland Corp. (ALCO) is set to turn over the first 15 levels of its Cebu Exchange project to clients by the fourth quarter of 2020. The pandemic caused construction projects to halt due to… Read More »Arthaland Corp to turn over Cebu Exchange project
Scam Alert! The Securities and Exchange Commission (SEC) to shutdown get rich quick scams. These companies are NOT REGISTERED with the Commission and OPERATE WITHOUT THE NECESSARY LICENSE AND/OR AUTHORITY to solicit, accept or take… Read More »10 New Scam Alert! June 2020
SM group dealt a heavy blow from the COVID-19 pandemic as they suffer massive losses this year. In a statement, Conglomerate SM Investments Corporation(SM) said they will continue building its online assets to expand market… Read More »SM VS Coronaconomy
In a circulating message sent to Brokers/Trading Participants this morning, Philippine Stock Exchange (PSE) has confirmed that one of their employees has tested positive for COVID-19 according to the results they received yesterday. The Philippine… Read More »COVID-19 Pandemic has reached PSE
House legislative franchises panel chairman Franz Alvarez said on Monday that the House of Representatives has suspended the hearings on the ABS-CBN franchise renewal until next week, June 29, 2020. This is to give more… Read More »ABS-CBN Franchise Dilemma
Metro Pacific Tollways Corp (MPTC) is the tollways unit of Metro Pacific Investments Corp. (MPI), one of the three key Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being Philex Mining Corp.… Read More »MPI tollway unit to do cashless payments
International Container Terminal Services, Inc. (ICT) slashed its capital expenditure (CAPEX) budget for this year by 40.7% to about $160 million. The company’s chairman and chief executive Enrique Razon Jr. said the port operator was… Read More »Razon’s ICT VS Coronaconomy