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MORE Power brings antipilferage drive to barangays | Inquirer Business

Iloilo power distributor MORE Electric and Power Corp. is banking on the cooperation of newly elected barangay officials for the success of its campaign against power pilferage in one of the Visayas’ most populous and power-hungry cities. According to MORE Power, it convened the new local government officials to highlight their role in preventing electricity theft, which is rampant in Iloilo and has caused power inefficiency. MORE Power president and chief executive Roel Castro also noted that this initiative could help boost investments in t ...

ABS-CBN open to teaming up with more media platforms | Inquirer Business

MANILA -ABS-CBN Corp., which has been working on regaining its footing after the renewal of its free TV franchise was rejected about three years ago, is ready to collaborate with more media platforms to air its content as it seeks to reach more viewers. During the company’s annual stockholders’ meeting Thursday, Carlo Katigbak, president and CEO of the Lopez-led company, said they were hoping to boost “viewership to far larger base.” · “We’re willing to work with any partner who is willing to bring our programs to their audiences, ...

Poe: Let courts rule on Mislatel franchise | Inquirer Business

the franchise of Mindanao Islamic Telephone Co. (Mislatel) to a consortium owned by President... and Globe Telecom, but also give the Philippines a chance to better its mobile phone service...

UBS posts first quarterly loss since 2017 on Credit Suisse costs | Inquirer Business

ZURICH, Switzerland -Swiss banking giant UBS posted a larger-than-expected loss in the third quarter on Tuesday, the first quarterly drop since 2017 as it integrates fallen rival Credit Suisse. ; UBS said the net loss in the third quarter stood at $785 million (732 million euros). Analysts surveyed by the AWP news agency had been expecting a smaller loss of $430 million. ; The last time Switzerland’s largest bank was in the red was in the fourth quarter of 2017. ; UBS, however, said that it had “now stabilized Credit Suisse and continued to grow our franchise” as it raked in $22 billion in net new money into its wealth management business in the quarter.

Jollibee buys Burger King franchise in the Philippines | Inquirer Business

fast-food business as the group was expecting the premium price segment of the market “to... In Asia, the business is managed by Singapore-based BK Asiapac Pte. Ltd. For its part...

List of highest-grossing media franchises

Franchise Year of inception Total revenue ( est. US$ ) Revenue breakdown ( est. US$ )... 6 billion [b] Mobile games – $6.13 billion [c] Box office – $1.156 billion [27] Home video...

Tax take down as POGO workers flee COVID-19 | Inquirer Business

MANILA, Philippines — The government’s tax collection from the overseas gambling business... 5-percent franchise tax, which they claimed covered only gaming operators located in the...

South Korea, China to resume talks on free trade agreement

SEOUL – South Korea and China have agreed to create a communication channel for diplomacy and security and resume negotiations on an expanded free trade agreement, the Yoon Suk Yeol presidential office said Sunday. The two sides have decided to “establish a new high-level dialogue on diplomacy and security, with the first meeting to take place mid-June” and to “open up our markets beyond the trade of goods to include services such as culture and tourism,” a senior Yoon official told reporters. ...

Insider Trading 101 | Inquirer Business

The first time “insider trading”—which is now the subject of an ongoing Senate inquiry with Development Bank of the Philippines and businessman Roberto Ongpin at the crosshair—caught the public eye was in 1999. It will be recalled that in 1998, BW Gaming and Entertainment Corp., headed by businessman Dante Tan, won the exclusive contract to operate a nationwide online bingo franchise and the Quick Pick-2 gambling game, which is similar to the illegal numbers game called jueteng. ...

'Affordable' Cheetos to be manufactured in PH | Inquirer Business

BEVERAGE-maker Pepsi-Cola Products Philippines Inc. (PCPPI) has debuted into the local snacks manufacturing business with the inauguration of its newest production facility in Cabuyao, Laguna on Thursday. “We are delighted with this opportunity to produce internationally-renowned snacks products for the Philippine market, as we move towards our vision of becoming a premier food and beverage company in the Philippines,” PCPPI Furqan Ahmed Syed said in a press statement. Construction for the C...

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