The entry of I&C Holdings Corp.—a firm linked to Fortman Cline Capital Markets—as the second-largest shareholder of cash-strapped ABS-CBN Corp. is seen by market analysts as a strong vote of confidence in the media company’s turnaround story. “With a ₱3.5-billion commitment, investors are...
Local equities market retreated as the onset of the traditional “Ghost Month” coincided with portfolio shifts triggered by MSCI Inc.’s quarterly benchmark review and persistent local currency weakness, pushing the country’s main stock index to a one-week low. The Philippine Stock Exchange...
The defense team of Vice President Sara Duterte is exercising greater caution when dealing with the media as the Senate impeachment trial progresses, with defense spokesperson Atty. Michael Poa saying it has become difficult to discuss the case without risking a violation of the court’s rules....
Noting that lawyers simply have different courtroom styles, defense spokesperson Atty. Michael Poa downplayed the apparent tension between defense lawyer Kristine Ferrer and prosecution counsel Lorna Kapunan during the impeachment trial on August 12. Asked about Ferrer’s conduct during the...
The Office of the Vice President (OVP) still has legal remedies available if the Commission on Audit (COA) upholds a Notice of Disallowance involving its funds, defense spokesperson Atty. Michael Poa said. Poa explained the process during a press briefing following the 15th day of Vice President...
Vice President Sara Duterte prefers that Atty. Michael Poa remain part of her legal team as counsel, even as the impeachment court has suggested getting a separate spokesperson for the defense. Poa, during a post-trial press briefing on August 12, said he had already discussed the matter with...
The Philippine Stock Exchange index (PSEi) rose on Wednesday, Aug. 12, as investor confidence was boosted by record highs in United States (US) bourses and the positive first-half performance of domestic blue-chip companies. The main index rose by 39.75 points, or 0.63 percent, to close at...
Michael B. Jordan and Raye fueled dating rumors after being spotted together at Six Flags Magic Mountain in Los Angeles. In a viral photo shared to social media, the duo boarded what appeared to be a roller coaster, with Raye smiling at the "Sinners" actor as they chatted happily. In a video clip...
The Philippine Stock Exchange index (PSEi) edged higher on the last trading day of the week despite weak economic growth data as investors picked up bargains in anticipation of more corporate earnings reports next week. The main index added 12.4 points, or 0.2 percent, to close at 6,290.35 on...
Stocks closed slightly lower as surprising uptick in the domestic unemployment rate and lingering geopolitical tensions sapped investor confidence ahead of the government economic growth report. The Philippine Stock Exchange index (PSEi) shed 8.36 points, or 0.13 percent, to finish at 6,277.95 on...
Dismissing allegations of wrongdoing or conflict of interest, the defense team of Vice President Sara Duterte on Wednesday, Aug. 5, maintained that a meeting between officials of the Office of the Vice President (OVP) and the Commission on Audit (COA) was lawful and intended solely to clarify audit...
Senate Impeachment Court presiding officer Francis "Chiz" Escudero on Wednesday, August 5, ruled that there is no conflict of interest on the part of Michael Poa, serving as defense counsel for Vice President Sara Duterte in her impeachment trial despite his participation in a 2023 meeting with the...
