Monthly Archives: February 2023

Business, real estate, Social Media

Rappler, Adobo Chronicles Compete To Buy Pinoy Big Brother House!

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MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – Right around the corner from the main building of the ABS-CBN Broadcast Center in Quezon City stands the Victorian-like, colorful Pinoy Big Brother House, home to many seasons of the popular PBB TV show.

It’s now on sale, an announcement from ABS-CBN said, for P2 Billion! Proceeds from the sale is presumed to help reduce the former television network’s debt which as of July last year, stood at P18.4 Billion.

Maria Ressa’s Rappler Holdings Corporation has reportedly put in a bid for P1.6 Billion, in anticipation of a possible Supreme Court ruling affirming the Nobel Laureate’s conviction for Cyber Libel. If it wins the bid, Rappler is expected to move its main headquarters from Mandaluyong to Quezon City which is considered more friendly to businesses and sympathetic to the political opposition. A possible new CEO has been identified and is waiting on the sidelines for the SC decision.

On the other hand, The Adobo Chronicles is contemplating to bid for the PBB House for P1.8 Billion, as it continues to expand its worldwide reach and to accommodate its increasing staff. AC is on the list of the world’s Top 100 Satire Sites, placing 34th — up from last month’s 38th spot.

May the best bidder win!

Government, International, Military, Politics

President Bongbong Marcos Changes Mind On EDCA!

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MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – It is known as the Enhanced Defense Cooperative Agreement, or EDCA. It grants the United States access to military sites in the Philippines and that privilege has recently been increased from five to nine sites.

Many Filipinos have expressed disapproval for this agreement and expanded access because they believe it will put the Philippines in harms way with China amid the territorial dispute in the South China Sea. The U.S. has a vested interest in the region.

But lo and behold, just in time for the commemoration of the 37th anniversary of the EDSA People Power Revolution which ousted his father, President Bongbong Marcos has announced a change of mind with regards to EDCA.

“From now on, EDCA will no longer exist,” Marcos said. “We have decided to rename it EDSA — the Enhanced Defense and Security Agreement.”

Manila Times columnist Rigoberto Tiglao told The Adobo Chronicles that Marcos’ move will make everyone happy: the U.S. will continue to have access to the nine sites; the Philippines will continue to rely on U.S. protection in case of any intrusion into its territory; and the pro-Aquino and activist groups will continue to bask in the memory of the symbol of their opposition to the Marcoses — EDSA!