Category Archives: Business

Hawaii Declares Donald Trump “Persona Non Grata”

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Photo: Adobo Chronicles

HONOLULU, Hawaii (The Adobo Chronicles, Honolulu Bureau) – The State of Hawaii has filed a federal lawsuit against the Trump administration, seeking to block the president’s executive order that suspends refugee resettlements and temporarily bars citizens of seven Muslim-majority countries from entering the United States.

The lawsuit, filed Friday in U.S. District Court in Honolulu, comes one week after President Donald Trump issued the travel ban, which sparked nationwide protests, after scores of people were detained at airports across the country.

In a related move, the City and County of Honolulu has officially declared Trump a “persona non grata” which effectively bars him from entering Honolulu.

In a resolution unanimously approved by the Honolulu Board of Supervisors and immediately signed by Mayor Kirk Caldwell, Trump is also disqualified from doing business in the city and county.  As such, the Trump Tower located in Waikiki has been padlocked and prevented from further operations.

Arriving tourists and business people who have booked their accommodation at the Trump Tower will be barred from disembarking at the Honolulu International Airport unless they can show proof that they have re-booked their stay at another hotel.

For sure, Aloha has its limits!

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Rappler Admits To Forging Its SEC Registration, Corrects Its Filing

img_8950MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – After weeks of silence regarding accusations that it violated the Philippine Constitution when it filed its business registration with the Securities and Exchange Commission (SEC), the online-only news outfit Rappler has come clean.

Critics have charged Rappler of lying in its SEC registration as a way to skirt around the law which prohibits foreigners from owning or investing in news media.  Instead of registering as a news media outfit, it indicated its filing status as ” Other Monetary Intermediation” which allowed it to secure foreign investment for its company.

Rappler CEO Maria Ressa said that the “error” has been corrected, and posted a copy of its revised SEC registration on the Rappler website.

It is now registered under the classification of “Rap, Music, Recording” with the company type “Entertainment.”

All’s well that ends well.

 

Got Dollars? Rappler Offers Unbelievable Exchange Rate: P55 To The U.S. Dollar

img_8906MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – We all know the peso remains weak compared to the U.S. dollar. The exchange rate has been hovering over the P49 to P50 range to the dollar. Great if you have dollars. Not so if you have pesos.

But here’s good news for those intending to exchange their U.S. dollars for Philippine pesos.

Rappler — yes the same Rappler that brings you ‘legitimate’ news — is offering a highest exchange rate of record: P55 to the dollar!

How is this possible?

Rappler is registered with the Philippines Securities and Exchange Commission under the classification of “Other Monetary Intermediator” which means that it can engage in all sorts of financial business, including foreign exchange.

All the more you should support and follow Rappler so that you can get the most for your bucks!

For the latest information about the Rappler foreign exchange rate, please email CEO Maria Ressa or star Rapplerette Pia Ranada.