Category Archives: Business

Business, Politics, Travel

MANNY PACQUIAO BUYS MALAYSIAN BUDGET AIRLINE AIR ASIA

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Photo credit: Eugene Caccam

MANILA, Philippines (The Adobo Chronicles) – He may be the only billionaire among his colleagues in the Philippines’ congress, and one of the highest paid world athletes,  but Filipino champion boxer Manny Pacquiao is not on the Forbes list of richest Filipinos. His estimated net worth of 1.3 Billion pesos  is not good enough.

But his assets are enough to buy an airline company — or at least one of its aircraft.

Today, the Malaysian budget airlines Air Asia unveiled the prototype logo that will be painted on the fuselage of its entire fleet. While still bearing the old Air Asia symbol, most of the aircraft is emblazoned with Manny Pacquiao’s name and photo. Flights will be coded ‘Pacman 101,’ Pacman 577,’ and so on.

Reliable sources said that Pacquiao has recently signed a deal buying the majority stocks of Air Asia. The sources declined to mention any purchase price, although they have indicated that Pacquiao’s expected earnings from his May 2 championship fight with Floyd Mayweather has already been committed towards the purchase.

Upon hearing the news, Bureau of Internal Revenue Commissioner Kim Henares ordered an investigation of the sale to determine if the boxer had assets that have not been declared and that needed to be taxed. The Philippines’ tax woman has been  after Pacquiao for alleged non-payment of taxes for several years now.

Just recently, Pacquiao purchased a $12 Million Beverly Hills mansion formerly owned by rapper Sean Combs, also known as Diddy.

Business, Technology

APPLE WATCH SHIPMENT TO BE DELAYED FOR ONE YEAR

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imageCUPERTINO, California (The Adobo Chronicles) – On the first day that Apple Watch became available in the U.S., nearly 1 Million people pre-ordered Apple’s first wearable technology venture.

The hotly-anticipated watch sold out online within hours. Buyers of some models won’t receive their devices until May, while others will have to wait until July.

But now, those who were lucky enough to complete their online orders will  have to wait for a year to get their purchased item.

The reason? There was a major production glitch.

While Apple focused on the amazing features of their wrist-size device, developers overlooked one very important, yet simple feature: Daylight Saving Time.

The Apple Watches that have been  shipped out of the tech company’s production centers in China are not designed to automatically adjust to Daylight Saving Time.  This means that Apple Watch owners in the U.S. willl be thrown off when it comes to telling the time when Daylight Saving Time is in effect.

Apple CEO Tim Cook issued a statement apologizing to Apple fans for the delay in delivery of the hot item, but reiterated that the company will never compromise its  credbility and integrity by shipping defective items.

To compensate for the delay, Cook said that all those who pre-ordered the Apple Watch will get a 50% refund of their purchase price.

Apple Watch shipment in countries outside of the U.S. will not be affected by the shipping delay.

Business, Health & Medicine, International, Politics, Travel

WHY MICROSOFT’S BILL GATES SNUBBED PHILIPPINE PRESIDENT AQUINO

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Gates
Gates

MANILA, Philippines (The Adobo Chronicles) – Speculations continue to spread like wildfire on why Bill Gates – the world’s richest man – didn’t pay a courtesy visit to the president of a country he recently visited: the Philippines.

The head of Microsoft and his wife, Melinda, were reportedly in Los Baños, Laguna — south of the capital, Manila — to visit the International Rice Research Institute (IRRI). Gates is the biggest donor of the Institute, contributing $18 Million dollars annually.

Reports also indicate that the billionaire couple spent some R&R in a plush resort in Palawan, a fast-growing tourist destination in the Philippines.

A spokesperson for Malacañang Palace (the presidential residence) confirmed that back in November, Gates requested for a courtesy visit to President NoyNoy Aquino, but that the request was subsequently withdrawn by Gates himself. No reason for the withdrawal was given by the Palace.

Many Filipinos are comparing the snub to the time of the late President Ferdinand E. Marcos, when then First Lady, Imelda Romualdez Marcos was stood up by the visiting Beatles, and failed to show up for their scheduled appointment at Malacañang.

A source close to Gates told The Adobo Chronicles that the reason the billionaire cancelled the request was because he was later informed that Aquino is a chain smoker. Mr. Gates, a health buff, didn’t want to be exposed to second-hand smoke if he visited with Aquino.

All things cleared. No politics involved!