DISCOVERY WORLD Corp. has increased its subscription in four subsidiaries in a move to create opportunities for the company’s resort business. In four separate disclosures on Thursday, Discovery World announced the decision of its executive committee to increase the company’s subscription in its subsidiaries, namely: Palawan Cove Corp., Lucky Cloud 9 Resort, Inc., Balay Holdings, […]Read More

GLOBAL streaming service Netflix closed 2020 with an additional 37 million paying subscribers above company and analysts forecasts, with its executives reporting in the earnings report that the service is “very close to being sustainably free cash flow positive.” After slowing down in the third quarter of 2020 by adding 2.2 million subscribers, lower than […]Read More

FINANCIAL PLAYERS backed by large firms or with an established presence looking to enter the Philippine market are expected to thrive and could pose a threat to more traditional smaller lenders here, a debt watcher said. “We believe that aspiring entrants that already have extensive customer base or are backed by corporates with strong firepower […]Read More

THE Philippine Chamber of Commerce and Industry (PCCI) on Thursday launched a center for technology education and entrepreneurship. The business chamber partnered with Huawei Technologies Co. Ltd. for the innovation center, which will be the venue for teaching artificial intelligence, robotics, coding, big data analysis, Internet of Things, satellite internet connectivity, and blockchain. The center […]Read More

AFTER partnering with Zoe Broadcasting Network to create the A2Z channel to broadcast several of its shows, ABS-CBN is once again branching out and will start showing musical variety show ASAP Natin ‘To and the FPJ: Da King movie block on TV5 starting Jan. 24. The announcement was made on Jan. 21 after months of […]Read More

NPC flags WhatsApp’s planned privacy policy changes THE National Privacy Commission (NPC) has flagged concerns about mobile messaging application WhatsApp, which is planning to implement privacy policy changes that will include sharing user data with third-party companies hosted by Facebook. The Facebook-owned app is adjusting its privacy policy so that users can interact with businesses […]Read More

1 of 2 Silay City in Negros Occidental is dotted with colonial houses, including the Balay Negrense Museum. — SILAYCITY.GOV.PH Bacolod, Negros Occidental map out tourism sector’s reopening NEGROS Occidental province and the independent city of Bacolod have jointly started planning for reopening to tourists, along with possible recovery measures such as tax breaks to […]Read More

THE Department of Finance (DoF) said proposals to defer the hike in premiums for members of the Philippine Health Insurance Corp. (PhilHealth) scheduled for 2021 and 2022 will have an “adverse” effect on the healthcare insurance’s fund. The Bureau of the Treasury’s Deputy Treasurer Sharon P. Almanza made the remarks at a House of Representatives […]Read More

THE Social Security System (SSS) opposed proposals to suspend any increases in its members’ contributions, adding this will “jeopardize” its ability to provide benefits. “The SSS respectfully expresses its opposition to the proposals because of its expected financial impact on the financial health of the SSS,” according to SSS President Aurora C. Ignacio, speaking at […]Read More

THE Bureau of Internal Revenue (BIR) said it will no longer require taxpayers to obtain a “permit to use” (PTU) when registering their computerized accounting systems (CAS). BIR Commissioner Caesar R. Dulay issued Revenue Memorandum Circular (RMC) No. 5-2021, dated Jan. 8, providing for a simplified registration processes for CAS, computerized books of account and […]Read More