SEC exempts more entities from registering securities

ALEXES GERARD/UNSPLASH THE Securities and Exchange Commission (SEC) has approved the proposed exemption of securities offered by financial and multilateral institutions from registration under the Securities Regulations Code (SRC), and has expanded the list of qualified buyers of securities. In a memorandum circular released on Thursday, the agency said that the Commission En Banc on […]

Securities regulator cancels Bill Ford VIP Trading’s registration

THE Securities and Exchange Commission (SEC) has cancelled Bill Ford VIP Trading, Inc.’s registration as a corporation for offering investment schemes without the required secondary license from the commission. “The [commission] has canceled the corporate registration of Bill Ford VIP Trading, Inc. for engaging in unauthorized investment activities resembling a Ponzi scheme,” the SEC said […]

Chelsea Logistics net loss widens to P3.3B

CHELSEALOGISTICS.PH CHELSEA Logistics and Infrastructure Holdings Corp. on Thursday logged a wider annual loss, mainly due to the impact of the coronavirus pandemic and government measures affecting its operations. The Dennis A. Uy-led listed company reported an attributable net loss of P3.31 billion for 2020, compared with a loss of P831.76 million a year earlier. […]

Oscars nominee Sound of Metal puts rare spotlight on deaf culture

RIZ AHMED in the film Sound of Metal (2019) — IMDB.COM LOS ANGELES — Paul Raci, nominated for an Oscar for playing a drug abuse counselor who has lost his hearing in Sound of Metal, said the most common response he receives from deaf people about the film is “how cool you show a bunch […]

2GO net loss expands as crisis hits freight, passenger volumes

FACEBOOK.COM/2GOTRAVEL/ 2GO Group, Inc.’s net loss for 2020 widened from a year earlier, owing primarily to the combined effects of weaker freight volumes and fewer passengers amid travel restrictions. In a disclosure to the stock exchange on Thursday, the listed company, which operates as an integrated transportation and logistics provider, reported an attributable net loss […]

Def Jam releases first EP in Rekognize series

Def Jam PH Artists (L-R) VVS Collective, JMara, DonWilson, SCYE, Eurieka, Fateeha, Tommie King, Tiffany Lhei, J-Nine HIP-HOP scene record label Def Jam Philippines has brought together 129 artists and 14 music producers for its Rekognize EP series. The project involves the release of four EPs within the year. The first one, titled Nite N’ […]

Discovery Hospitality to launch Kip & Kin brand in Palawan, Siargao

DISCOVERY World Corp.’s property management firm Discovery Hospitality Corp. (DHC) announced developments of lifestyle and “millennial-focused” brand, Kip & Kin, and other properties. “With these properties in our plans, we are getting more excited to cater to a lot of travelers, whether the traditional ones or the more adventurous type,” Discovery Hospitality Senior Vice-President and […]

Cinemalaya changes focus because of COVID-19

SINCE existing health protocols to cope with the ongoing coronavirus disease 2019 (COVID-19) pandemic have made it impossible for the filmmakers of the 2020-2021 batch of the film festival to complete their films on time, Cinemalaya has had to re-think its direction and strategy in order to remain significant while continuing to fulfill its mission […]

MerryMart to launch MBOX Smart Lockers

MERRYMART.COM.PH MERRYMART Consumer Corp. is planning to launch smart lockers under a new venture called MBOX, which aims to roll out 5,000 self-service lockers with full-time accessibility by 2030. The MBOX business will be the first unit under MerryMart’s consumer technology portfolio. “We believe that MBOX will improve Filipinos’ online purchase experience and give consumers, […]