Category Archives: Business

Business, Economy, Government, Politics, Social Media

Rappler Releases Its 2018 Networth

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8D980DCA-46AB-41BE-A492-8A1941ADE32DMANILA, Philippines (The Adobo Chronicles, Manila Bureau) –Rappler is reporting that Philippine Presient Rodrigo Duterte’s networth for 2018 increased by P1 Million compared to last year.  This figure comes from the President’s latest Statement of Assets, Liabilities and Networth (SALN).

In the meantime, the online news source which has been troubled by the Securities and Exchange Commission (SEC) decision to revoke its media license because it violated the Constitutional provision that media companies are supposed to be 100% Filipino-owned, released its own networth.

According to Rappler CEO Maria Ressa, her company’s worth in 2018 has been reduced to ‘worthless.’

Business, Technology, Travel

Aquino Family To Launch New Company To Replace Uber In The Philippines

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D51330EA-9188-4159-B2CC-90C14D10D7A7MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – It’s the law of supply and demand.  Consumers of goods and services will benefit when there is competition.

Uber’s decision to close down its operations in the Philippines left Grab with the monopoly of providing alternate transportation for Filipino commuters.

Enter the Aquino family.

Senator Bambam Aquino, in partnership with his cousins NoyNoy and Kris, is establishing a new company that is expected to fill the vaccum created by Uber and provide stiff competition to Grab. B91E5900-9528-4139-A319-EC965B41935A

The Aquinos are naming their new company CreditGrab.

 

Business, Government, Law Enforcement, Media, Politics, Social Media

SEC Approves Adobo Chronicles’ Fact-Checking License

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0CDE518D-6D3C-421C-8602-4A287C72F08E.jpegMANILA, Philippines (The Adobo Chronicles, Manil Bureau) – One door closes, another open opens.

The Securities and Exchange Commission (SEC) has uninimously approved the license application of The Adobo Chronicles as a media fact-checker in the Philippines.

The SEC action came just weeks after the social media giant Facebook announced its partnership with Rappler and Vera Files to fact-check news and information spread on the Internet.

The Adobo Chronicles’ new license will enable the news satire site to fact-check the fact-checkers like Rappler and Vera Files.

It will be recalled that SEC earlier revoked Rappler’s media license on the grounds that the online news source headed by Maria Ressa is partly foreign-owned which is a violation of the Philippine Constitution.  Before it donated its investment in Rappler to the the latter’s senior managers, Omidyar Network had an investment in Rappler.

The Adobo Chronicles is a Filipino-American news satire site registered with the U.S. Patent and Trademark Office with Registration # 4711386.