DC sues Mark Zuckerberg over Cambridge Analytica data breach

THE DISTRICT of Columbia (D.C.) said it sued Meta Platforms, Inc. Chief Executive Officer Mark Zuckerberg for his alleged role in the data breach that allowed political consulting firm Cambridge Analytica to target Facebook users during the 2016 presidential election.

Marcos to prioritize stimulus package

PHILIPPINE presumptive president Ferdinand “Bongbong” R. Marcos, Jr. on Monday confirmed that a new stimulus measure will be part of his priority legislation for the incoming Congress, although potential revenue sources are still being studied.

Balisacan to return to NEDA under Marcos

FORMER Socioeconomic Planning Secretary Arsenio M. Balisacan, former Labor Secretary Bienvenido E. Laguesma and migrant workers’ rights advocate Susan “Toots” Ople have accepted presumptive president Ferdinand “Bongbong” R. Marcos, Jr.’s invitation to join his Cabinet.

PHL risks slower growth without RCEP membership

THE Philippine economy may expand at a slower pace if it fails to become a member of the world’s largest trade bloc, the Joint Foreign Chambers in the Philippines (JFC) said, as it once again urged the Senate to ratify the Regional Comprehensive Economic Partnership (RCEP) trade deal before session adjourns next week.

Computer retailer Upson files for P4.9-billion IPO

UPSON International Corp. (UIC) announced on Monday that it had filed an application for an initial public offering (IPO) that is expected to raise P4.88 billion.

Fruitas swings to profit despite no seasonal uptick

FRUITAS Holdings, Inc. reported on Monday that its first-quarter earnings reached P6 million, improving from a net loss of P16 million in the same period the year before.

ABS-CBN, Kroma launch interactive channel

ABS-CBN and Kroma Entertainment, which is backed by the 917Ventures Retirement Fund, launched the Pinoy Interactive Entertainment or PIE Channel (pie.com.ph) on May 23.

Megawide swings to net loss as expenses rise

MEGAWIDE Construction Corp. swung to an attributable net loss of P112.76 million for the first quarter of the year from a profit of P2.85 million in the same period a year ago.

‘We’ll be back next year for that three-peat,’ declare Abando, Yu

A NEW chapter is being written in the National Collegiate Athletic Association (NCAA). And the Letran Knights are the ones transcribing it.

Cannes Film Festival News: Squid Game star Lee Jung-jae steps behind the camera for...

CANNES — Squid Game star Lee Jung-jae flexes his filmmaking muscles with Hunt, a spy thriller he wrote, directed, produced and also acts in.

QCinema Int’l Film Fest announces #QCShorts grantees

A DIVERSE program of themes and styles from this year’s winning short films are in store in QCinema’s 10th year, which will be held in November.

Philippine office market occupancy stabilizes

By Dom Fredrick Andaya
AFTER seven consecutive quarters of negative net take-up, the Metro Manila Office Market has finally turned a corner as Colliers recorded a positive net take-up for the first quarter of 2022.
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