World Business Inquiries

Questioning business opportunities in a world that is currently in sharp decline due to the outbreak of the COVID-19 virus. The answer from entrepreneurs and business people is very simple. They answered, all will be beautiful in its time

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Gainers, losers in altered TV landscape

Gainers, losers in altered TV landscape

The country’s largest broadcast networks ABS-CBN Corp. and GMA Network Inc. have been locked in a television ratings war for years—a business rivalry that at times would be dragged into the courtroom.

Over the past decade, ABS-CBN became known as the country’s largest network due to its vast reach while GMA was the leader in urban areas, especially in Luzon.

President Duterte’s allies in the House of Representatives voted on Friday to kill ABS-CBN’s application for a franchise renewal—at the risk of decimating 11,000 jobs at the network and depriving millions of viewers around the country their preferred news and entertainment programs as presented by ABS-CBN.

In doing so, they followed through with the President’s earlier threats even as they upended the prevailing media landscape: GMA is now the only dominant network while a path has been cleared for a potential new player seeking ABS-CBN’s valuable radio frequencies.

DOMINANT NETWORK

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Malagos chocolate maker thrives amid quarantine

Malagos chocolate maker thrives amid quarantine

Malagos chocolates DAVAO CITY—Four farm workers in green shirts, masks and face shields stepped out of the farmhouse, carrying small crates, which they filled with freshly picked red tomatoes from a garden. Soon, baskets of other vegetables arrived. The crops were...

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Gov’t eyes support for e-commerce boom

Gov’t eyes support for e-commerce boom

The country’s economic planners are pushing reforms in the e-commerce sector amid the boom in digital services but the government warned that increased transactions on the internet may also result in an increase in cybercrimes. But first, the Philippines has to catch...

read more

Gainers, losers in altered TV landscape

The country’s largest broadcast networks ABS-CBN Corp. and GMA Network Inc. have been locked in a television ratings war for years—a business rivalry that at times would be dragged into the courtroom. Over the past decade, ABS-CBN became known as the country’s largest...

Malagos chocolate maker thrives amid quarantine

Malagos chocolates DAVAO CITY—Four farm workers in green shirts, masks and face shields stepped out of the farmhouse, carrying small crates, which they filled with freshly picked red tomatoes from a garden. Soon, baskets of other vegetables arrived. The crops were...

Gov’t eyes support for e-commerce boom

The country’s economic planners are pushing reforms in the e-commerce sector amid the boom in digital services but the government warned that increased transactions on the internet may also result in an increase in cybercrimes. But first, the Philippines has to catch...

Banks extend fee waivers for digital transactions

Clients of some of the country’s biggest banks will be able to use the services of two major digital payments channels for free until the end of the third quarter, while some financial institutions have decided to suspend these fees for the rest of the year. Thus said...

Gov’t hikes UCPB stake, abandons privatization

The government has abandoned its previous plan to privatize United Coconut Planters Bank (UCPB) and instead jacked up control over the state-run lender so it can assist farmers and help ensure food security amid the COVID-19 pandemic. In a statement on Friday, the...