pdr | ABS-CBN News

Esports: PH female CODM squad wins SEA-based tourney

ABS-CBN News
Posted at Nov 19 07:07 PM

All-Filipino squad Tyrant LXIX claim stake to the title as the best female CODM team in Southeast Asia after emerging as champions of the Valkyrie Series Season 2. Read more »

GMA Network buys back PDRs held by foreign nationals 'to protect investments'

ABS-CBN News
Updated as of Aug 11 01:48 PM

GMA Network Inc said Tuesday it would "purchase and acquire" Philippine Deposit Receipts held by non-Filipinos to protect investments after lawmakers adopted a working group's recommendation denying the franchise of rival ABS-CBN's franchis in July. Read more »

Lagman: 'Nothing illegal or irregular' about ABS-CBN Holdings' PDRs

Jessica Fenol, ABS-CBN News
Updated as of Jun 15 05:30 PM

The Philippine Deposit Receipt (PDRs) issued by ABS-CBN Holdings are "completely compliant" with the Constitution and are not a scheme to circumvent the laws, Albay Rep. Edcel Lagman said Monday.   Read more »

ABS-CBN Holdings 'legitimate,' not used to commit fraud: lawyer

ABS-CBN News
Updated as of Jun 15 03:59 PM

ABS-CBN Holdings is a "legitimate" company and the transfer of ABS-CBN Broadcasting shares to the holdings firm was not done to commit fraud or to avoid responsibility, its legal counsel said Monday. Read more »

Walang naghain ng reklamo vs ABS-CBN kaugnay ng kanilang PDRs: SEC

ABS-CBN News
Updated as of Jun 11 11:07 PM

Paulit-ulit at paikot-ikot ang diskusyon sa Kamara sa isyu ng Philippine depository receipts ng ABS-CBN at kung nilabag ba nito ang Saligang Batas nang ibenta ito sa mga banyaga.  Read more »

ABS-CBN nanindigang ibinatay sa mga regulasyon ang pag-aalok ng PDRs

ABS-CBN News
Updated as of Jun 11 11:05 PM

Naniniwala ang Securities and Exchange Commission na walang iregular sa pagbebenta ng Philippine depository receipts ng ABS-CBN at maging ng GMA-7. Read more »

ABS-CBN legal counsel cites ‘basic difference’ between ABS-CBN's PDRs, Rappler's

Art Fuentes, ABS-CBN News
Updated as of Jun 11 11:40 PM

Atty. Cynthia del Castillo said that in Rappler’s case, it had to get approval from two-thirds of the holders of PDRs before it could change the company’s bylaws. There is no such provision in ABS-CBN’s PDRs, she said. Read more »

Batikang corporate lawyer ipinaliwanag ang disenyo ng ABS-CBN PDRs

RG Cruz, ABS-CBN News
Updated as of Jun 11 09:34 PM

Ipinaliwanag ni Cynthia Roxas-Del Castillo na ang PDRs ng ABS-CBN ay hindi labag sa probisyon ng Saligang Batas na nagbabawal sa mga dayuhan na magmay-ari at mamahala ng mass media company. Read more »

SEC: No case filed vs ABS-CBN PDRs

Christian Esguerra, ABS-CBN News
Updated as of Jun 11 08:17 PM

A Securities and Exchange Commission official on Thursday said ABS-CBN Holdings Corp. did not violate its regulations when it issued Philippine Deposit Receipts (PDRs), which are under scrutiny as the country's largest media network seeks congressional approval for new operating franchise. Read more »

Foreign investors can't convert PDRs into shares: ABS-CBN execs

ABS-CBN News
Updated as of Jun 12 08:31 AM

ABS-CBN Holdings Corp's Philippine Depositary Receipts (PDRs) do not violate the constitutional restriction on 100-percent Philippine mass media ownership since no foreign investor has convert his or her PDRs into shares in ABS-CBN Broadcasting Corp, ABS-CBN officials said Thursday. Read more »

ABS-CBN to House: PDR holders 'passive investors,' not shareholders

Jessica Fenol, ABS-CBN News
Updated as of Jun 11 06:48 PM

Philippine Deposit Receipt (PDRs) issued by ABS-CBN Holdings are purely financial instruments and its holders are "passive investors" who have no rights to own, manage or to vote directors in ABS-CBN Broadcasting Corp, the network's legal counsel said Thursday.    Read more »

ABS-CBN's Philippine Depositary Receipts different from Rappler’s, legal counsel says

ABS-CBN News
Updated as of Jun 09 12:56 AM

MANILA (UPDATE) - ABS-CBN Holdings' Philippine Depositary Receipts or PDRs are different from those of news website Rappler's, a legal counsel of the network said on Monday during a joint House committee hearing on ABS-CBN's broadcast franchise.  Read more »

ABS-CBN sinagot ang paratang ukol sa pagbebenta ng PDRs

ABS-CBN News
Posted at Jun 08 08:35 PM

Sinimulan na ring talakayin ng House committees on legislative franchises at good government ang alegasyon na ang pagbebenta ng ABS-CBN ng Philippine depositary receipts sa mga dayuhan ay paglabag sa 100 percent Filipino ownership rule ng mass media. Read more »

Asserting Philippine citizenship, Gabby Lopez says 'committed' to service to Filipinos

Jamaine Punzalan, ABS-CBN News
Updated as of Jun 03 01:05 PM

ABS-CBN Corp. chairman emeritus Eugenio "Gabby" Lopez III on Wednesday asked lawmakers to look at his record of service to Filipinos as he answered questions on his citizenship, which critics raised against the proposed fresh franchise for the network.  Read more »

ABS-CBN's Gabby Lopez faces lawmakers to defend citizenship, franchise

ABS-CBN News
Posted at Jun 03 09:56 AM

ABS-CBN Corp. chairman emeritus Eugenio "Gabby" Lopez III joined Wednesday a congressional hearing into the proposed fresh franchise for the network to defend its compliance with the law, including a ban on foreign ownership.  Read more »

Tax avoidance allegations vs ABS-CBN unfair for regulators: Tax expert

Bruce Rodriguez, ABS-CBN News
Posted at May 11 10:55 PM

Critics have alleged that the media giant used questionable tax credits, and employed domestic and foreign-owned subsidiaries to avoid paying higher taxes. Read more »