Category Archives: Business

Rappler To Forgo Appeal On SEC Order, Reconstitutes as BBON

6EFBF8AD-A0F7-4A1C-8911-A0E0582B828A.jpegMANILA, Philippines (The Adobo Chronicles, Manila Bureau) – Faced with diminishing support and funding, Rappler has made the difficult decision to forego with a court appeal challenging the Securities and Exchange Commission’s (SEC) decision to revoke its license for violation of the Constitution.

In an emotional statement issued today, (former) Rappler CEO Maria Ressa said that she would rather focus her energy and money on reorganizing and reviving her online news source.

“This time, the new company will be 100% Filipino-owned” she promised.

During a quickly-called press conference held at her garage, Ressa revealed her new company’s name and logo:

BBON – Bola Bola Online News

Breitbart News’ Steve Bannon To Invest In Rappler?

C902D5F3-0574-4DCF-B923-56C53F28963A.jpegWASHINGTON, D.C. (The Adobo Chronicles, Washington Bureau) – Steve Bannon, once President Trump’s chief adviser, has stepped down from his role as executive chairman at Breitbart News, the conservative website that has been called the “platform for the alt-right,” Breitbart announced Tuesday.

The move comes amid pressure from Rebekah Mercer, a major conservative donor, according to the New York Times.

Bannon was recently quoted in a new book by Michael Wolff as calling Donald Trump Jr.’s June 2016 meeting with Russians in Trump Tower “treasonous.”

Now, sources close to Bannon are saying that Bannon is considering investing in Rappler, the financially and morally-troubled anti-Duterte Philippine online news source owned by former CNN correspondent Maria Ressa.

Rappler has been trying for months to raise at least  Five Million Pesos to sustain its operations. To date, its online fundraising has failed to reach 25% of its goal.

A Bannon investment in Rappler will solve Ressa’s problem in an instant…

Plastic Surgeon Vicki Belo Will Make Public Names Of All Her Clients

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Belo

MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – Client records are always confidential, but plastic-surgeon-to-the-stars Dr. Vicki Belo promised to make public the names of all her clients who have undergone artificial physical transformation.

Belo made this announcement in protest against the new TRAIN (Tax Reform for Acceleration and Inclusion) law which institutes changes in income tax.

The lady doctor said TRAIN will kill the country’s cosmetics and aesthetics industry, including medical tourism.

Belo said her extensive client list includes not just people in the entertainment sector but also politicians and their immediate family.

She says she is releasing her client list to show the expansive negative impact TRAIN would have not only on her business but on people’s basic human right to be more beautiful.