Business Headlines

Lopez-led stocks jump as Duterte softens stance on ABS-CBN

Shares of Lopez-owned companies soared Thursday, boosted by renewed optimism that ABS-CBN Corp. could after all get its franchise renewed after President Duterte stepped back from his previous stern stance.

Shares of Lopez-owned companies soared Thursday, boosted by renewed optimism that ABS-CBN Corp. could after all get its franchise renewed after President Duterte stepped back from his previous stern stance.

Feeling the heat? Duterte agrees to let Congress hear ABS-CBN franchise renewal: But President will have final say

ABS-CBN surged by as much as 20.4% to P21.80 after Duterte’s special aide Sen. Bong Go urged Congress urged to start its hearing on the 25-year franchise renewal of the media conglomerate. ABS-CBN’s franchise is set to expire end March.

Tiglao raises key issue vs ABS-CBN boss Gabby Lopez: Are you an American citizen?

Pag lalo nating pinatatagal, mas lolong umiinit ang issue. Ito naman ang proseso, pagusapan niyo, ipapadala dito sa Senado,” Go told reporters.

Business groups risk Duterte ire, ask Congress to address issues vs ABS-CBN franchise renewal

Market punters welcomed the news. ABS-CBN is now trading at P21 each share, up 16.85% from Wednesday’s close.

Sakay pa more sa ABS-CBN! Rappler seeks public attention over ‘fake’ closure order ‘drill’

Shares in ABS-CBN Holdings Corp., the holding company of the media giant, rose by as much 9.3% to P17.38. It holds Philippine depositary receipts, which entitle the holders to receive dividends on the underlying ABS–CBN shares.

Bata kasi ni Duterte? Grace Poe says Dennis Uy’s franchise approved despite violations, while ABS-CBN to be canceled even without a hearing

Holding firm Lopez Inc. saw its shares jump to as much as P4.10 from its previous close of P3.75.

From Jose Mari Chan to Kris Aquino to Sonny Belmonte: Find out who’re going to lose a mint from ABS-CBN closure aside from Lopezes

Shares of Rockwell Corp., the property arm of the Lopez family, likewise went up by as much as 7.8% to P2.05 per share.

Corporate layering: Calida says ABS-CBN used defunct paging firm’s franchise to go into broadband without Congress OK

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