AN affiliate of Ayala Corp. sold its material stake in an Australian energy firm, which might be delisted from the stock market soon. UAC Energy Holdings, a 75%-owned company of the Ayalas’ power arm AC Energy, Inc., divested its 20% shareholdings in Infigen Energy, Ltd. for A$0.92 per share to former rival bidder Iberdrola, S.A., […]
YIFEI LIU in Mulan — WWW.IMDB.COM IT WAS supposed to be another $1 billion blockbuster for Walt Disney Co. — a live-action remake of a 1998 animated hit featuring an all-star Asian cast, breathtaking cinematography, and plenty of martial arts. Instead, the new Mulan is proving to be a political hot potato, reflecting the US’s […]
SPECIALTY retailer SSI Group, Inc. is keen on expanding its e-commerce platforms to contribute 20% of its sales within the next few years. In the company’s annual stockholder’s meeting on Thursday, SSI President Anthony T. Huang said the coronavirus pandemic is pushing the company to adapt to changing consumer habits. “Our medium-term vision for e-commerce, […]
WWW.IMDB.COM WALT DISNEY Co. investors eager to hear early results from the company’s unusual online release of the new film Mulan will have to wait. Chief Financial Officer Christine McCarthy said Wednesday Disney is happy with the debut of Mulan on its streaming service and that the picture led to an increase in subscribers. But […]
REUTERS CYBERSECURITY is increasingly being viewed by C-level executives as a means of ensuring business continuity during the pandemic, after the initial rush to ensure that systems were robust enough to accommodate work-from-home (WFH) arrangements, Unisys Corp. said. “While there is a need to quickly adapt to a work-from-home strategy, there is this need to […]
THE National Economic and Development Authority (NEDA) said it hopes to work more closely with stakeholders in achieving the Philippines’ Sustainable Development Goals (SDGs). It said in a statement Thursday that it organized a chamber for both government and non-government SDG stakeholders to more efficiently deploy resources. “This chamber will serve as a platform for […]
PHILSTAR THE National Privacy Commission (NPC) said in a statement that contact-tracing organizations must not collect unnecessary information in their forms, such as signatures. In a statement Thursday, an NPC lawyer, Stephen John Duma of the commission’s Compliance and Monitoring office, said: “In every aspect of the data processing cycle, activities must observe the basic […]
PIA.GOV.PH THE Asian Development Bank (ADB) said it approved Thursday a $500-million (P24.3 billion) standby line providing the Philippines quick access to emergency funds in the event of calamities. The bank said access to the funds under the Disaster Resilience Improvement Program is triggered by a state of calamity. The ADB said the Philippines is […]
Workers sort fish on a boat in Tan Quang harbor in Quang Nam province, Vietnam, on Wednesday, June 26, 2019. Fishermen are on the front lines of Asia’s most complex territorial dispute, which involves six claimants and outside powers like the U.S. with an interest in protecting a waterway that carries more than $3 trillion […]
SMOKE from California wildfires hangs over the San Francisco – Oakland Bay Bridge in San Francisco, California, US, on Sept. 9. Powerful, dry winds are sweeping across Northern California for a third day, driving up the risk of wildfires in a region that’s been battered by heat waves, freak lightning storms and dangerously poor air […]