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Comelec defines scope of logistics deal under scrutiny

Aleta Nieva-Nishimori and Jauhn Etienne Villaruel, ABS-CBN News
Posted at Aug 24 04:52 PM

Comelec clarified the scope of a logistics deal now under scrutiny after a firm poised to bag the deal was found linked to a tycoon close to Duterte. Read more »

Palace distances Duterte from ally's firm in 2022 polls

Jamaine Punzalan, ABS-CBN News
Updated as of Aug 24 05:08 PM

Malacañang on Tuesday distanced President Rodrigo Duterte from a firm that will be potentially involved in the 2022 elections. Read more »

Comelec probing concerns vs potential election supplier

Jauhn Etienne Villaruel, ABS-CBN News
Updated as of Aug 24 05:04 PM

(UPDATED) The Commission on Elections (Comelec) said it was "checking" the concerns raised against a logistics company, whose owner is a perceived ally of the current administration. Read more »

Who owns firm tapped for 2022 elections? Probe sought

Jauhn Etienne Villaruel, ABS-CBN News
Updated as of Aug 12 07:26 PM

According to Kontra Daya, the Comelec 'should treat this as a red flag,' urging the poll body to immediately look into the ownership of F2 Logistics. Read more »

Jailed HK tycoon Jimmy Lai sentenced to 14 months for Oct. 1 illegal assembly

Jessie Pang and James Pomfret, Reuters
Posted at May 28 01:16 PM

Jailed Hong Kong media tycoon and Beijing critic Jimmy Lai was given a new prison sentence of 14 months on Friday over his role in an unauthorized assembly on Oct. 1, 2019, during one of the city's pro-democracy rallies that year. Read more »

Jimmy Lai among five Hong Kong democracy activists jailed

Agence France-Presse
Posted at Apr 16 05:51 PM

Hong Kong media tycoon Jimmy Lai was jailed for 12 months on Friday along with four other veteran democracy activists for helping to lead one of the city's biggest-ever protests. Read more »

Pro-democracy media tycoon freed on bail amid Hong Kong crackdown

Daniel Suen and Xinqi Su, Agence France-Presse
Posted at Aug 12 05:27 AM

Hong Kong pro-democracy media mogul Jimmy Lai walked free on bail Wednesday, over 40 hours after he and other critics of China were rounded up by police as part of a widening crackdown on dissent. Read more »

Tycoon and kingmaker Danding Cojuangco dies

ABS-CBN News
Updated as of Jun 17 05:33 PM

Tycoon Eduardo "Danding" Cojuangco, whose influence in business and politics spanned decades, has died. He was 85. Read more »

Japan's Sumitomo joins Pangilinan-Ayala consortium for LRT-1

ABS-CBN News
Updated as of May 29 10:20 AM

Japan's Sumitomo Corp is joining the Pangilinan-Ayala consortium that operates the Philippine capital's oldest elevated rail, LRT-1, as a strategic stakeholder, one of the Filipino partners said Friday. Read more »

Macau gambling king Stanley Ho dies aged 98

Reuters
Posted at May 26 03:05 PM

Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia's richest men, died on Tuesday at the age of 98, state broadcaster China Central Television (CCTV) reported. Read more »

Gokongwei group reviews businesses, eyes new normal after pandemic disruption

ABS-CBN News
Updated as of May 14 08:53 AM

MANILA -- The Gokongwei group is reviewing its business models to follow consumers in the "new normal" as pandemic disruptions hit its airline and retail arms, CEO Lance Gokongwei said Thursday. Read more »

Pangilinan thanks Duterte for 'sincerity, kindness' after apology

ABS-CBN News
Updated as of May 05 12:04 PM

Tycoons Manuel Pangilinan, Jaime Augusto Zobel de Ayala and Fernando Zobel de Ayala on Tuesday thanked President Rodrigo Duterte, after the chief executive apologized to them over "hurting words." Read more »

Crude crash brings down Singapore oil tycoon

Martin Abbugao, Agence France-Presse
Posted at May 01 02:56 PM

Singapore tycoon O.K. Lim built up his oil empire from a single-truck outfit through hard work and high-risk gambles, a rags-to-riches tale that made him a legend among crude traders. Read more »

Vietnamese tycoon donates 750,000 face masks, 16,500 PPEs for DFA frontliners

ABS-CBN News
Posted at Apr 29 06:17 PM

A Vietnamese tycoon donated thousands of facemasks and personal protective equipment to the Philippines to aid the country's fight against the fast-spreading COVID-19, the Department of Foreign Affairs said Wednesday. Read more »

Filinvest group donating P100-M worth of COVID-19 kits, waives rent for mall tenants

ABS-CBN News
Posted at Mar 19 07:23 PM

The Filinvest group on Thursday said it is donating P100 million worth of COVID-19 test kits and personal protective equipment to the Research Institute for Tropical Medicine for medical workers and other frontliners.  Read more »

Pangilinan's Metro Pacific recasts investment plan with Maynilad under fire

ABS-CBN News
Posted at Feb 26 03:29 PM

"Discretionary spending" on top of its infrastructure commitments will divert to warehousing, real estate and tourism. Maynilad will also be unable to pay dividends, Pangilinan said. The company is "committed" to current projects, he said. Read more »

Billionaire Razon buys 25 percent of Ayala's Manila Water

ABS-CBN News
Updated as of Feb 03 10:12 AM

Ayala Corp said it would retain a 38.6-percent stake in Manila Water, which supplies water to the Philippine capital's east zone. Razon-led Prime Metroline Holdings will form a company, Trident Water, for the transaction. Read more »

8 things na maaaring hindi mo alam tungkol kay John Gokongwei

ABS-CBN News
Updated as of Nov 15 09:06 PM

Pumanaw na ang tycoon na na si John Gokongwei Jr.  Read more »

Gokongwei daughter, in playful eulogy, says dad taunted her kidnappers

ABS-CBN News
Posted at Nov 12 12:53 PM

The late tycoon John Gokongwei's eldest daughter recalled how her kidnappers complained that he was willing to give her away because he has 6 other children, one of many stories in a eulogy for her "mentor-father." Read more »

Politicians, businessmen mourn Gokongwei's death

ABS-CBN News
Updated as of Nov 10 12:57 PM

Politicians and businessmen alike mourned Sunday the passing of billionaire John Gokongwei Jr., who died peacefully Saturday at age 93. Read more »