Category Archives: Law Enforcement

Business, Law Enforcement, Social Media, The Media

Rappler Plans To File For Bankruptcy

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BDE5EE00-A4AD-4B33-A9E5-B14006AEB797.jpegMANILA, Philippines (The Adobo Chronicles, Manila Bureau) – It is the ‘B’ word most businesses dread the most: bankruptcy.  And Rappler and its parent company Rappler Holdings, are not immune from it.

Today, Rappler CEO Maria Ressa announced that her online news source is planning to file for bankruptcy.

As if the Securities and Exchange Commission (SEC) order cancelling Rappler’s media license for violation of foreign ownership laws was not enough, Rappler is having a difficult time raising its P5 million online fundraising goal.  After many months, it hasn’t quite reached 50% of its goal.

For what seemed like good news at first, Rappler foreign investor Omidyar Network announced it was donating its P78 million investment to Rappler’s senior managers.  The donation is subject to a 30% donor’s tax. It is doubtful if the Rappler managers will invest what they will receive from Omidyar back into Rappler Holdings.

Now, the Bureau of Internal Revenue has filed a tax evasion case against Rappler, to the tune of P133 million!

Whichever way one looks at it, Rappler will be in the negative.

Hence its plan to file for bankruptcy.

So goodbye Rappler.  It was good while you lasted.

 

Government, International, Law Enforcement, Politics

FilAm Millionaire Loida Nicolas Lewis May Be Without A President

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EA10F057-D4CB-435E-9CEC-6EED3649F613.jpegNEW YORK, New York (The Adobo Chronicles, New York Bureau) – She had previously called for Philippine President Rodrigo Duterte to step down and pave the way for Vice President Leni Robredo to take over.

FilAm millionaire Loida Nicolas Lewis has been a staunch critic of Duterte whom she accused of pursuing a state policy of extra-judicial killings in connection with the government’s war on drugs.

Now, Lewis wants U.S. President Donald Trump to also step down after he announced that he wants all drug dealers executed. “Duterte and Trump are birds of the same feather,” she exclaimed.

We’ve heard of people who are ‘stateless.’ If she had her way, Lewis will be without a president – Filipino or American.

Law Enforcement, Social Media, Travel

In Metro Manila, Grab And Uber Face Stiff Competition

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C54D51AD-E06C-41C4-9BEC-5E0973380535MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – Uber and Grab have both revolutionalized public transportation, worldwide and in the Philippines.

Nothing beats the convenience of booking a ride on a clean, airconditioned vehicle especially in hot and traffic-ridden Metro Manila.

But regular taxi drivers are pushing back. They want their lucrative business back!

So they formed a new company called “Grabe.”

Basically, a commuter just hails a tax cab from anywhere and the Grabe taxi drivers will ask where one is going and dictates the flat rate without the use of the taxi’s meter.

If the customer agrees to the price, then fine.  If not, the customer needs to resort back to booking on Grab or Uber.

Hey, a free enterprise is part of a capitalistic society, so deal with it!