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Share to Twitter Share to Linkedin ABS-CBN Corp. —controlled by tycoon Oscar Lopez —has agreed to buy a stake in rival television network TV5 as the company, which once dominated the Philippine media industry until the government forced it off the airwaves two years ago, seeks to revive its business. Under the deal, ABS-CBN agreed to pay Mediaquest—a unit of Philippine telecommunications giant PLDT’s trust fund—2.2 billion pesos ($39.5 million) to acquire the 35% stake in TV5, according to a regulatory filing on Thursday. The deal comes two years after ABS-CBN lost its free-to-air franchise. The Philippine Congress started reviewing the company’s application to renew ABS-CBN’s franchise for another 25 years in December 2019, but had not reached a decision by the time the license expired in May the following year. While ABS-CBN has been broadcasting its shows through digital channels and some of its content is also being aired by TV5, it remains in … [Read more...] about Philippines’ ABS-CBN To Buy Stake In Rival TV Network As Former Media Giant Seeks To Revive Business

Share to Twitter Share to Linkedin Welcome to the Checks & Imbalances newsletter . Today we get you caught up on this week’s abundance of Trump news. Mar-A-Lago Is Looking To Hire 91 Foreign Workers This Year M ar-a-Lago, former president Donald Trump’s private club-cum-legal residence at the center of an investigation into his handling of classified government documents, has relied on temporary foreign workers to keep the sprawling estate humming. Last year, the Trump Organization sought 87 foreign workers for the Palm Beach property, up from 78 a few years earlier. It’s not clear how many were hired, but no doubt at least some likely had backstage access to political theater (maybe even scraps of presidential records floating in toilets ). On Monday, the Federal Bureau of Investigation raided Mar-a-Lago, with one of Trump’s attorneys confirming the agency’s search related to an investigation into his handling of classified … [Read more...] about Checks & Imbalances: Mar-A-Lago’s Busy Week

The Nifty50 extended its northward journey for the fifth consecutive session on August 12 and registered a fresh closing high ahead of inflation and industrial output data due later in the day. Positive European cues, a fall in volatility, and buying in metal, select banking & financial services along with index heavyweight Reliance Industries aided the rally. The index witnessed bullish candle formation on the weekly scale for the fourth consecutive week, indicating the mood is positive, while on the daily charts, there was a small-bodied bullish candlestick pattern with a higher high formation. As long as the index holds the previous bullish gap zone of 17,566-17,632, the uptrend is expected to continue till 17,800-17,900-18,000, but small bouts of volatility and consolidation can't be ruled out after a rally in four straight weeks, experts said. The mood was also positive in the broader space with moderately decent breadth. The Nifty Midcap 100 and Smallcap 100 indices … [Read more...] about Technical View | Bullish candle on Nifty’s weekly scale indicates positive sentiment

(CTN News) – Chiang Mai’s e-ganja vendors reveal that wealthy teenagers or government officials are their best customers. E-ganja, like e-cigarettes, is a portable electronic device that simulates smoking. Unlike e-cigarettes, the e-ganja electronic device contains cannabis oil instead of tobacco. E-ganja electronic devices, unlike conventional cigarettes , do not emit any odor or smoke, which is one of their advantages. Most smokers buy e-ganja online, and it costs about 3,000 baht. Despite not wanting to be named, a 22-year-old woman admitted she and friends regularly use e-ganja. “E-ganja can be used for two to three weeks after charging. It doesn’t produce smoke or smell, so it won’t bother others. “ E-ganja became more popular because many people are allergic to bongs or ground cannabis wrapped in paper. Smokers can control themselves with e-ganja because it contains cannabis oil.” Many vendors import e-ganja, even among government officials, … [Read more...] about E-Ganja Is Highly Popular Among Chiang Mai Teens And Government Officials

Crystal methamphetamine, known in the Philippines as “shabu,” contained in plastic sachets. | (INQUIRER.net stock photo) LEGAZPI CITY — A businessman was arrested by police in a buy-bust operation in a hotel in Daet town in Camarines Norte province early Saturday, August 13. Police Major Maria Luisa Calubaquib, Bicol police spokesperson, said Joferan Baylon, 37, was arrested after selling a plastic of shabu (crystal meth) worth P3,500 to an undercover agent in Barangay (village) Magang at around 1:30 a.m. During a body search, authorities confiscated another seven sachets of shabu from Baylon. Calubaquib said a total of P204,000 worth of shabu was recovered from Baylon who was listed in the Drug Related Data Integration and Generation System of the police. The suspect is now in the custody of the Daet police and will be charged for violating the Comprehensive Dangerous Drugs Act of 2002. /MUF News handpicked by our editors … [Read more...] about Shabu worth P204K seized in Camarines Norte bust

Share to Twitter Share to Linkedin Making the [New York] City & State 2022 Construction Power 100 is no easy feat. Deborah Bradley, president of Deborah Bradley Construction & Management Services (DBC), did it by building solid relationships, participating in mentorship programs, leveraging minority- and women-owned (M/WBE) certification programs, and her ability to learn on the job fast and well. Bradley's path into the construction industry was accidental and rocky. She worked for Deloitte Touche as a CPA before moving to New York to go to Columbia Business School for her MBA. She worked her way through school. But, when she needed surgery to get tumors removed from her ovaries, the small finance firm she worked for fired her. Having $150,000 of school debt, she didn't have the money nor the inclination to sue. However, her firing was a clarion call. It was the early 1990s and corporations didn't have parental-leave policies or the … [Read more...] about Relationships, Mentorship, And Certification Help A Woman-Owned Construction Firm Grow