UNIVERSAL Robina Corp. (URC) is taking off P2.5-P3 billion from its capital expenditure (capex) budget this year as part of efforts to survive the ongoing pandemic.
THE Senate is looking at granting ABS-CBN Corp. a provisional franchise of at least one year, which it plans to have approved on final reading by June 1, a Senate leader said on Thursday.
THE Film Development Council of the Philippines (FDCP) is asking audio-visual workers, their companies, and distribution companies to answer several online surveys for the council to be able to assess the impact of the COVID-19 pandemic and quarantine measures on the audio-visual (AV) industry.
CONSUNJI-LED DMCI Holdings, Inc. recorded a huge profit fall in the first quarter, citing low market prices and the impact of the government’s quarantine measures to arrest the spread of the global pandemic since the latter half of March.
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THE enhanced community quarantine (ECQ) in Metro Manila has hit its 60-day mark. While selected industries will slowly begin to resume operations as the metropolis transitions to a modified enhanced community quarantine (MECQ), live performances and other activities which entail large gatherings remain postponed. Still, over the past two months, singers, musicians, actors, directors, and writers have collaborated to raise money for the benefit of those who have been badly affected by the enhanced community quarantine. And they are already planning for the future.
EAGLE Cement Corp. reported a 25% drop in net earnings for the first quarter due to reduced construction activity in light of quarantine measures to contain the coronavirus.
LIKE almost everything these days, how and where people listen to music has also been affected by the pandemic and the various quarantine or lockdown procedures. Music streaming service Spotify noted in a late-March blog post that people are now listening to more “chill” music — more acoustic fare than dance music. And thanks to social distancing, The Police’s “Don’t Stand So Close To Me” (1980) also saw a 135% spike in people searching and listening to it.
BLOOMBERRY Resorts Corp. (Bloomberry), the listed operator of Solaire Resort & Casino (Solaire), posted a 38% profit drop in the first quarter as measures to counter the coronavirus pandemic led to a decline in tourism and the suspension of gaming activities.
FOR a unit involved in community engagement and advocacy, with disaster response and resilience among its main programs, working from home during a health emergency sounds rather contradictory.
The Philippine Franchise Association (PFA) has identified new market opportunities for the retail sector as a result of the pandemic, including home-cooked meal deliveries, health products, and cheap makeup.
Everyone has rained plaudits upon Sally Rooney. I think I’m alone in expressing ambivalence.
SHAKEY’S Pizza Asia Ventures, Inc. (SPAVI), the listed firm behind Shakey’s Pizza and Peri-Peri Charcoal Chicken, is reducing its capital spending for the year to focus on reopening its store network and ramping up its delivery business.
LABOR SECRETARY Silvestre H. Bello said his department was granted an additional P1 billion to expand a subsidy program for Overseas Filipino Workers (OFWs).
John Clements CEO Carol Dominguez invited me to join Professor Marc Bertoneche of Harvard Business School in the John Clements Leadership series on the topic Managing Cash Flow During the COVID-19 Crisis. Marc reminded that cash is king (or queen), and more so today that it’s even like god (with small g)! He said there is a need to reward the cash culture in any business today — to shift the focus from profit and loss/balance sheet to cash flow. It’s very important to stabilize and keep essential operations going. Liquidity is of immediate concern. On the cash to cash conversion of a business cycle, these are his suggestions:
THE Instituto Cervantes de Manila and the Academy of Cinematographic Arts and Sciences of Spain will be showing Spanish film classics with “Clásicos contigo / Classics with You,” a cycle that will be shown through the Instituto Cervantes channel on the Vimeo platform, for free.
FRUITAS Holdings, Inc. has teamed up with the operator of Eduardo’s Peri-Peri Chicken to launch a new chicken line.
Now that we’ve been locked down due to COVID-19, what would you advise people managers about motivating workers, including those under flexible work arrangements like work-from-home? -- White Lily.
Consistent with its commitment to make banking simpler and more inclusive via best-in-class digital and mobile capabilities, Union Bank of the Philippines (UnionBank) recently...
Here’s a quick glance at how PSEi stocks fared on Thursday, May 14, 2020.
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