The Commission on Audit (COA) has dismissed the P78.956 million payment claimed by Adlib International Sales, Inc. (AISI) from the Department of Budget and Management (DBM)-Procurement Service and the Presidential Security Group (PSG) for the supply and delivery of two mobile X-ray units in 2015....
As the audit and investigation into K-pop group NewJeans’ agency ADOR and its CEO, Min Hee-jin, continued about suspicions of a takeover attempt of ADOR, new news reports stated that she claimed the chairman of HYBE copied her ideas to create Grammy-nominated idol group BTS. ADOR is an...
Century Properties Group Inc. (CPG) reported that its strong credit rating of “AA+” has been reaffirmed by Credit Rating and Investors Services Philippines Inc. (CRISP) due to its sustained market position and continued revenue growth. In a statement, CPG said the rating agency stated that...
The officers and shareholders of MFT Group of Companies and The Foundry Ventures issued a statement reiterating their position that “we never engaged in securities transactions in violation of the Revised Securities Act.” They noted that the Securities and Exchange Commission has filed a...
Accounting firm Isla Lipana & Co. issued a statement pointing out that it is the auditor of Maria Francesca Tan (MFT) Group of Companies, Inc. only, and not any other companies under the group. “‘Maria Francesca Tan (MFT) Group of Companies, Inc.’ is our audit client. While the name of...
Grammy-nominated K-pop group BTS’ total donation to the “Love Myself" campaign in collaboration with the Korean Committee for UNICEF has reached 8.9 billion won (about $6.44 million). According to the Korean Committee for UNICEF on April 22, from 2017 to present, BTS and Big Hit Music...
The Department of Finance (DOF) has secured a standby fund from the World Bank that the Philippines can readily utilize during emergency or crisis situations. In a statement on Monday, April 22, the DOF announced that the signing of the Rapid Response Option (RRO) agreement with the World Bank...
The first-ever deaf or hard of hearing K-pop group debuted on April 20 to coincide with South Korea’s Day of Persons with Disabilities. Big Ocean (빅오션), composed of Kim Ji-seok, 21; Park Hyun-jin, 25; and Lee Chan-yeon, 26; made their debut with the release of their song...
The Department of Finance (DOF) said that the World Bank Group (WBG) will assemble a team to assist the Philippines in enhancing its digital infrastructure, specifically its tax system. In a statement on Saturday, April 20, the DOF said that WBG President Ajay Banga expressed support for the...
SSI Group, the Tantoco family’s retail business holding company, continued to post record growth with net income rising 34 percent to hit an all-time high of P2.58 billion last year as consumer spending sustains its recovery. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
K-pop idol Moonbin of the boy band ASTRO was remembered on his first death anniversary on April 19. Moonbin passed away on April 19, 2023 at age 25. According to the Seoul Gangnam Police Station, Moonbin was found dead at his home in Gangnam, Seoul at about 8:10 p,m. by his manager who...
GCash, the Philippines’ top finance app and largest cashless ecosystem, reported that it now has nearly half a million users for GStocks PH as it ramps up the reach of its stock investment platform. Last year, GCash had tapped AB Capital Securities, Inc. (ABCSI) to introduce GStocks PH to its...
