FERNANDO ZOBEL DE AYALAFERNANDO Zobel de Ayala has resigned as vice-chairman of the board, president and chief executive officer of Ayala Corp., effective immediately, the listed conglomerate announced on Monday.In its regulatory filing, Ayala Corp. said that Mr. Zobel’s resignation will allow him to focus

MANILA Jockey Club, Inc. agreed in principle to lease its horseracing facilities to Hapi Jockey Club, Inc. amid the listed company’s plan to cease its horseracing operations.Hapi Jockey Club, a corporation organized by horse owners, is a grantee of a legislative franchise for horseracing and

LEPANTO Consolidated Mining Co. has cut the share price of its planned stock rights offering (SRO) to P0.12 from P0.14 apiece.In a disclosure on Monday, the firm said it will offer 16.8 billion shares instead of its original proposal of 14.43 billion shares. The move

1 of 3IT seems that Filipinos have been truly bitten by the K-drama and K-pop bug. The Philippines ranked fourth among countries tweeting most about K-content, according to a statement from Twitter.The list was formed by analyzing tweets including keywords related to Korean dramas, movies,

FACEBOOK.COM/2GOTRAVEL2GO Group, Inc. has launched its largest cross-dock facility in Parañaque, the listed shipping and logistics provider announced on Monday.“Location is key to achieving supply chain efficiency, and Asinan provides us with the site’s proximity to the Skyway, SLEX, and Cavitex. Given this, we thought

A STILL from the documentary All the Beauty and the Bloodshed — LABIENNALE.ORG/VENICE — All the Beauty and the Bloodshed, a documentary about US photographer Nan Goldin and her fight against the wealthy Sackler family, won the top Golden Lion award at the Venice Film

AROUND the world, soaring borrowing costs are squeezing homebuyers and property owners alike. From Sydney to Stockholm to Seattle, buyers are pulling back as central banks raise interest rates at the fastest pace in decades, sending house prices falling. Meanwhile, millions of people who borrowed

CHEMICAL Industries of the Philippines, Inc. (CIP) reported on Monday that it filed a petition for review with the Court of Tax Appeals against the commissioner of internal revenue.The petition is pursuant to Rule 8, Section 3(a) and in relation to Rule 4, Section 3(a)(1)

1 of 2LOS ANGELES — Britain’s Queen Elizabeth II fascinated Hollywood writers and actors during her seven-decade reign and was portrayed on screen in award-winning dramas, animation and even US comedy sketch show Saturday Night Live.The monarch, who died on Thursday at age 96, was

FACEBOOK.COM/DELMONTEA UNIT of Del Monte Pacific Ltd. (DMPL) will venture into other sales channels as it recognized strong growth in the said areas coupled with e-commerce, the Singapore- and Philippine-listed firm said.“DMFI (Del Monte Foods, Inc.) is now penetrating into other sales channels in the