PNP turns over P228.45m donation to DOF
May 6, 2020
The Philippine National Police (PNP) on Wednesday officially turned over their P228.45 million contributions to Finance Secretary Carlos Dominguez III. The organization’s uniformed and non-uniformed personnel raised a total of P228,445,207.00 in donations under the #TeamPNP Bayanihan Fund Challenge launched
PSE suspends trading in shares of ABS-CBN Corp. and PDR of ABS-CBN Holdings Corp.
May 6, 2020
Trading in shares of ABS-CBN Corp. and Philippine Deposit Receipts issued by ABS-CBN Holdings Corp. were suspended by the Philippine Stock Exchange (PSE) on Wednesday. The suspension took effect at 9 am, the PSE said. Trading in the PSE began
ABS-CBN signs off
May 6, 2020
ABS-CBN television network went off air on Tuesday night following the issuance of the cease and desist order by the National Telecommunications Commission after the company’s 25-year franchise expired on May 4. The Lopez-owned broadcast station stopped airing at 7:52pm
NTC orders ABS-CBN to cease operations after congressional franchise expires
May 5, 2020
The National Telecommunications Commission (NTC) on Tuesday ordered ABS-CBN Corp. to stop operations due to the expiration of its congressional franchise. In an order issued Tuesday, the NTC directed ABS-CBN to stop operating its various TV and radio broadcasting
PSE index finishes higher
May 5, 2020
The Philippine Stock Exchange (PSE) index ended higher on Tuesday. The peso closed at P50.52 against the US dollar from P50.595 on Monday. Volume at the foreign exchange portal of the Bankers Association of the Philippines reached $558.66 million from
Duterte apologizes to Ayalas, Pangilinan, saying COVID-19 ”humbled” him
May 5, 2020
Saying that he was humbled by the coronavirus disease crisis, President Rodrigo Duterte has apologized to the Ayalas and Manuel Pangilinan whom he threatened to slap and send to jail over the alleged onerous water concession agreements with the government
GOCCs remit P129.45B to help fund COVID-19 response
May 5, 2020
Government-owned and -controlled corporations (GOCCs) have thus far remitted a total of P129.45 billion to the Bureau of the Treasury (BTr) as of April 27 to augment funds for state-led efforts to contain the further spread of the coronavirus disease
Duterte orders temporary modification of rates of import duty on petroleum; proceeds to fund COVID-19 response
May 5, 2020
President Rodrigo Duterte has issued an executive order temporarily modifying the rates of import duty on crude petroleum oil and refined petroleum products under Republic Act No. 10863, otherwise known as the Customs Modernization and Tariff Act. The proceeds would
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