Indices Analysis

Lopez steps down from ABS-CBN, other firms

ABS-CBN Corp. announced Thursday the resignation of its chairman emeritus and director, Eugenio Gabriel “Gabby” L. Lopez III, more than three months after a House panel denied the television network’s application for a broadcast franchise. Mr. Lopez also stepped down as director of ABS-CBN Holdings Corp., Sky Vision Corp., Sky …

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Consumer confidence plummets to record low

Consumer confidence reached a record low in the third quarter, while business sentiment was at its most pessimistic in over 11 years due to worries over the pandemic-induced recession. — PHILIPPINE STAR/MICHAEL VARCAS CONFIDENCE among Filipino consumers fell to a record low in the third quarter, while businesses were at …

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Converge ICT’s IPO gets regulator approval

INTERNET provider Converge ICT Solutions, Inc.’s initial public offering (IPO), which may raise up to P41.55 billion, has received the go signal from the Securities and Exchange Commission. (SEC). In a statement on Thursday, the corporate regulator said it approved the application of Converge ICT to raise funds through an …

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